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M & A

Avis Ups Dollar Thrifty Bid

September 2, 2010 - The move comes a week after the strategic bidder filed suit to stop Hertz’s deal to buy Dollar Thrifty go forward.

Burger King Back to PE?

September 1, 2010 - The fast food chain is reportedly in talks to sell to a financial sponsor again.

HSBC, RBS Prep $450M Credit Facility for 2Wire Acquisition

September 1, 2010 - HSBC and the Royal Bank of Scotland have arranged a $450 million credit facility backing Pace’s acquisition of 2Wire, according to sources.

Proxy Access Rules Create M&A Uncertainty

August 27, 2010 - The SEC, in making it easier for shareholders to nominate board members, may have set the stage for more litigation.

Banks Arrange $400M Credit Facility for Bravo Health Acquisition

August 27, 2010 - JPMorgan, Bank of America Merrill Lynch and Raymond James Financial have arranged a $400 million credit facility to help back HealthSpring’s acquisition of Bravo Health, according to sources.

Dividend-Driven Deals Find Receptive Investors

August 27, 2010 - Junk bonds and leveraged loans used to finance dividend payments, thought to be a relic of the buyout boom and credit bubble of the 2006 to 2007 era, have come back to the loan and bond markets to a warm welcome.

Banks Prep $235M Credit Facility for Fort Dearborn Buyout

August 26, 2010 - A bank consortium has arranged a $235 million credit facility that will help back KRG Capital’s acquisition of Fort Dearborn, an Elk Grove Village , Ill.-based label and packaging maker.

Sidley Austin Adds Partner

August 26, 2010 - Alyssa Grikscheit will focus on the Latin America and investment funds, advisers and derivatives practices.

TA Associates Invests in India Healthcare

August 25, 2010 - Two years of digging for opportunities on the subcontinent results in the PE firm backing one of India’s largest chains of pathology laboratories.

Jefferies: M&A Activity to Rebound

August 25, 2010 - After slumping for the first half of 2010, M&A is set to rebound over the next 12 to 18 months, according to Jefferies.

CS to Shop Pierre /Advanced Foods Merger Debt after Labor Day

August 25, 2010 - Credit Suisse will begin marketing a $230 million second-lien term loan that is backing the merger between Pierre Foods and Advanced Foods after Labor Day.

LLM Plans New Blank Check

August 20, 2010 - LLM Capital and LogistiCare veteran John Shermyen will serve as chairman and chief executive of the SPAC.

Marlin Equity Buys Phoenix Technologies

August 18, 2010 - The take-private deal is the latest in a string of recent tech buys by the Los Angeles-based PE firm.

Banks Spice Up Clopay Ames True Temper Term Loan

August 18, 2010 - Goldman Sachs, Deutsche Bank and JPMorgan have increased the coupon on a $500 million term loan backing Griffon Corp.’s acquisition of Ames True Temper.

Blackstone’s Summit Makes Another Deal

August 17, 2010 - The acquisition of Kilgore Paving and Maintenance marks yet another asphalt play by the rollup platform.