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Sun Capital Buys ScS Unit

Sun European Partners, a European investment affiliate of Sun Capital Partners, has acquired the trading subsidiary of UK retail sofa seller ScS Upholstery, as the parent company has gone into administration.

Deutsche Transfers Banker To Dubai

Christopher Laing, Deutsche Bank's co-head of equity capital markets for Central and Eastern Europe, the Middle East and Africa, is relocating from London to Dubai. He will manage and grow the firm's equity capital markets business in the Middle East and Africa.

Cowen Lands Merrill Internet Banker

Matt Schultz, the former head of Internet and digital media investment banking at Merrill Lynch, has joined Cowen & Co. as a managing director within technology investment banking.

Whitehall Jewelers Files, Seeks DIP Loan

Whitehall Jewelers of Chicago filed for bankruptcy protection on June 23 in Delaware's bankruptcy court.

Ratings Actions & Outlooks

The latest ratings downgrades and outlooks from Moody's and S&P.

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Articles

Extreme M&A

The exploration of strategic alternatives has gone extreme. Extreme sports, that is. The popularity of apparel and merchandise geared towards people who participate in extreme sports or action sports-unconventional sporting activities like skateboarding, snowboarding, in-line skating and BMX biking-is yielding new business for investment banking firms in time for the summer recreation rush.

Good Sports

Some of the most notable names in private equity, Steve Pagliuca and Tom Hicks, have made personal investments in sports franchises, but rarely have these deal makers pursued similar bets on behalf of the firms listed on their business cards. Institutional money, though, may be slowly creeping into ball parks, race tracks and even soccer fields.

LBO Debt Seeps Into Tough Loan Market

The syndicated loan financing business is certainly in a funk, but newly priced LBO debt offerings signal that all may not be as bad as it seems.

No Monkey Business

It's not always easy coming up with something to write about in this space every seven days, but on occasion it's a breeze. Obviously, this was one of those weeks. A chimp's eighth attempt to get a Hollywood Star, and an MIT grad walking the streets for a job in investment banking, in the same week? It almost writes itself.

Loan to Own Opportunities

Traditional acquirers may see it as a back-door method of gaining control, but as the debt markets continue to wallow, buyers may increasingly turn to loan-to-own strategies as a way to wrest control of troubled companies.

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