High-yield bond funds took in more than $1 billion for the week ended March 10, research firm EPFR Global announced today. The total marks the highest weekly inflow since the firm began tracking fund flows.
Cerberus Capital Management will back GeoEye Inc., providing up to $100 million in debt and buying stock. Private equity began making consolidation plays in the government services space late last year.
Greentech Capital Advisors has nabbed Deutsche Bank private placement veteran Heather Smith to spearhead its efforts in the market.
Houlihan Lokey hired Robert Hyer Jr. as a managing director in charge of its new financial technology banking group.
Lone Star Funds is selling its majority interest in Korea Exchange Bank. This isnt Lone Stars first attempt at a sale.
C.P. Eaton Partners hired Loren Boston, a fundraising veteran and former global head of origination for Bank of America Merrill Lynch's private-equity funds group, as part of the advisory firm's efforts to grab market share from larger rivals.
For all the bullishness over tech M&A, no one seems ready to proclaim the market fully open, nor does anyone predict another banner year like 2007, when $193 billion of tech transactions were completed.
Investment bankers have found that, at a time when food commodity prices are above historical levels, interest is heightened in cross-border transactions among agribusiness companies.
Food-and-beverage companies are seeking both product growth and distribution efficiency through acquisitions.
Shannon Lowry Nagles first day as a partner in Fried, Frank, Harris, Shriver & Jacobsons bankruptcy and restructuring practice may have been this week, but shes no stranger to Fried Frank partners such as Gary Kaplan and Brad Eric Scheler.