• Investment Dealers' Digest one-month trial subscription
• IDDMagazine.com one-month trial subscription
• Free e-newsletters
• Free whitepapers

Restructuring

CCMP Will Buy infoGROUP

March 9, 2010 - Marketing data and research firm infoGROUP has agreed to be taken private by CCMP Capital Advisors.

FDIC Courts Pension Funds

March 8, 2010 - The Federal Deposit Insurance Corp. has begun courting pension funds interested in buying assets of distressed bank holding companies.

Sixteen Corporate Defaults Recorded So Far in 2010, S&P Says

March 8, 2010 - The 2010 default total remained at 16 last week, as no global corporate issuers defaulted, according to a report from Standard & Poor's.

Four Bank Failures Bring 2010 Total to 26

March 8, 2010 - Institutions in Florida, Illinois, Maryland and Utah failed Friday, bringing the year's total to 26. The failed banks held combined assets of roughly $1.1 billion and their resolution is expected to cost the Deposit Insurance Fund more than $300 million.

Centaur Files for Chapter 11

March 8, 2010 - Centaur LLC, a horse track, off-track betting and casino operator based in Indianapolis, filed for Chapter 11 bankruptcy protection in Delaware on Saturday.

Arriving in Familiar Territory

March 8, 2010 - Shannon Lowry Nagle’s first day as a partner in Fried, Frank, Harris, Shriver & Jacobson’s bankruptcy and restructuring practice may have been last week, but she’s no stranger to Fried Frank partners such as Gary Kaplan and Brad Eric Scheler.

Sun Capital Buys Arch Aluminum

March 8, 2010 - Sun Capital Partners has acquired Arch Aluminum & Glass Co. through a 363 bankruptcy sale.

Affiliated Media's Reorg Plan Pares Debt to $165M

March 5, 2010 - Affiliated Media Inc.'s reorganization plan has been approved by the U.S. Bankruptcy Court for the District of Delaware.

Banks Sued Over Tribune LBO Debt

March 5, 2010 - Bondholders of media giant Tribune Co. are suing the banks that arranged the company’s leveraged buyout, claiming the banks knew the $8 billion in loans they arranged would make the company insolvent.

Advent Lands in Big Apple

March 3, 2010 - Advent International, which already has offices scattered across 16 countries worldwide, opened a New York office, relocating managing director Tim Franks from London to oversee the new outpost.

PrinceRidge Adds Three MDs

March 2, 2010 - PrinceRidge has added three managing directors — John McNicholas, Valerie Red-Horse and Ron Zampolin — to its corporate finance team.

Catalina Lighting Flips Court-Supervised Restructuring Switch

March 1, 2010 - Catalina Lighting Inc., a Miami manufacturer, distributor and designer of lighting products, filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Florida. Private-equity firm Boyne Capital Partners has emerged as the stalking-horse bidder for Catalina's assets.

Houghton Cuts Annual Debt Expenses by 75%

March 1, 2010 - Houghton Mifflin Harcourt Publishing Co., a book publisher founded in 1832, said it plans to restructure its balance sheet with $650 million from a group of backers that includes hedge fund investor John Paulson and Guggenheim Partners.

Regent's Bankruptcy Calls for Sale to PE Firm Oaktree Capital

March 1, 2010 - Regent Communications Inc. said Monday that it has filed its pre-packaged bankruptcy petition with the U.S. bankruptcy court in Wilmington, Del. Oaktree Capital Management will acquire the Cincinnati radio broadcasting company out of bankruptcy.

Rating Actions & Outlooks

February 26, 2010 - The following are some changes in credit ratings and outlooks announced by Moody's last week.