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Latest News

Arsenal Capital Sells Genovique

– Arsenal Capital Partners will sell its portfolio company, Genovique Specialties Corp., to Eastman Chemical Co.

Jefferies Hires CMBS Cap Markets Chief

– Jefferies & Co. appointed Mark Green as a managing director and head of commercial mortgage-backed securities capital markets.

Moelis Grows Australian Platform

– Moelis & Co. added to its new Australian office by hiring two managing directors. The firm's team down under originally consisted of only corporate finance professionals, but the two appointments bring expertise in equity capital markets and equities research, sales and trading.

S&P: 'Weakest Link' Companies Decline

– The number of "weakest link" companies has declined substantially from the record highs reached roughly a year ago, according to a report from Standard & Poor’s. There were 203 such companies as of March 10, down from 298 one year ago.

Brazos PE Makes Security Play

– Brazos Private Equity Partners joined a small but growing group of PE investors that have made U.S. retail security investments.

Credit Suisse Builds Russian Fixed-Income Team

– Credit Suisse said on Tuesday it expanded its fixed-income business in Russia with hires in sales and trading as part of an effort to build its foreign exchange, rates and local securities businesses in Moscow.

New Investments in Hedge Funds Seen Topping $220B

– Hedge fund inflows are expected to top $220 billion this year as asset levels return to near pre-crisis levels.

Deutsche Takes Control of Sal. Oppenheim

– Deutsche Bank has completed its $1.3 billion (€1 billion) acquisition of German private bank Sal. Oppenheim.

Sterling Group Rounds Up $820M for New Fund

– The Sterling Group said Tuesday that it raised $820 million for its third investment fund, exceeding its initial target of $600 million.

Firefly Energy to Submit Chapter 7 Filing

– Lead-acid battery technology developer Firefly Energy Inc. will soon file for Chapter 7 bankruptcy. The Peoria, Ill.-based company was founded in May 2003 as a spin-off of Caterpillar.

Anthracite Capital Files for Chapter 7 Liquidation

– Anthracite Capital, a publicly held real estate investment trust managed by BlackRock Financial Management, filed for Chapter 7 liquidation on Monday.

EnviroSolutions Files Prepackaged Chapter 11 Plan

– EnviroSolutions Holdings, a portfolio company of Investcorp, has filed its prepackaged Chapter 11 petition with the U.S. Bankruptcy Court for the Southern District of New York.

Phillips-Van Heusen Buys Hilfiger

– British clothing company Phillips-Van Heusen will acquire Tommy Hilfiger Corp. for about $3 billion.

KKR IPO Filing Raises Succession Question

– Kohlberg Kravis Roberts is planning to go public, raising the question of who will eventually succeed Henry Kravis and George Roberts in running the firm.

Dodd Releases Details of Reform Bill

– Senate Banking Committee Chairman Chris Dodd on Monday released a broad outline of his regulatory reform bill, which heavily reflects input from Republicans who still say they oppose the bill.

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