Energy
January 8, 2009 - Dutch chemical company LyondellBasell has filed for Chapter 11 bankruptcy protection for its US operations and one of its European holding companies.
January 7, 2009 - As first reported by IDD, RBC Capital Markets tapped John Sorice as a managing director and senior investment banker in its US financial sponsors group. Sorice previously spent 22 years at JPMorgan, most recently as a managing director on the financial sponsors team.
January 6, 2009 - The US economy will be mired this year in the deepest and longest post-World War II recession, according to BlackRocks chief investment officer of global equities, Robert Doll.
January 5, 2009 - Recent ratings downgrades and negative outlooks from Moody's, S&P and Fitch.
December 29, 2008 - Flying J, an integrated oil company in the US and Canada, filed for Chapter 11 bankruptcy in the US Bankruptcy Court in Delaware on Dec. 22.
December 23, 2008 - TPG is allowing investors to reduce their pledges by 10%, nearly a year after they committed some $20 billion to the renowned fund manager, according to a source familiar with the situation.
December 23, 2008 - The Toronto Stock Exchange became Monday the first Canadian market to welcome special purpose acquisition companies to its listings.
December 29, 2008 - Recent downgrades and negative outlooks from Moody's, S&P and Fitch.
December 22, 2008 - JPMorgan announced today that it has agreed to purchase UBS' global agricultural and Canadian energy operations for an undisclosed price in the first quarter of 2009.
December 22, 2008 - Natural gas exploration and production company West Hawk Energy USA filed for Chapter 11 bankruptcy in the US Bankruptcy Court in the District of Colorado late last week.
December 22, 2008 - Recent ratings downgrades and negative outlooks from Moody's and S&P.
December 18, 2008 - Harvest Partners has garnered more than twice its largest investment to date from the sale of Aquilex Holdings to Teachers Private Capital, according to sources.
December 15, 2008 - The contentious merger between Hexion Specialty Chemicals and Huntsman has ended with a $1 billion settlement arrangement. Credit Suisse and Deutsche Bank are expected to pay the LBO transactions $325 million termination fee.
December 14, 2008 - Lazard said Thursday it hired Timothy Pohl as a managing director in its restructuring group. Pohl is global co-leader of the corporate restructuring practice at Skadden, Arps, Slate, Meagher & Flom.
December 9, 2008 - Morgan Keegan & Co. expanded its M&A team with the acquisition of Revolution Partners, a Boston-based boutique focused on the technology sector.