Reuters News
Vitamin Shoppe Inc, the nutritional supplement retailer under activist shareholder pressure to consider a sale, is speaking to investment banks about hiring a financial adviser, people familiar with the matter told Reuters news service.
US regulators have started to audit loan books of Wall Street banks on a monthly basis in a major push to curb aggressive underwriting, according to Reuters IFR Magazine and Loan Pricing Corp.
JPMorgan Chase & Co has teamed up with unregulated lenders to underwrite a highly leveraged buyout financing for the acquisition of business software maker Tibco Software Inc, which could contravene regulatory guidelines on risky lending, sister magazine Thomson Reuters IFR reported, citing sources.
iCapital Network, an online private equity fundraising platform backed by a consortium that includes Credit Suisse Group AG and Blackstone Group LP, officially launched on Wednesday, seeking to tap demand among individual investors, according to sister news service Reuters.
The Federal Reserve’s rebuke to Credit Suisse for failing to adhere to US leveraged lending guidelines is having an industry-wide effect as banks bow to regulatory pressures and start pulling back from underwriting highly leveraged loans, according to sister magazine Reuters IFR.
Business software maker Tibco Software Inc on Sept. 29 said private equity firm Vista Equity Partners would take it private for $4.3 billion in the largest technology buyout this year, according to sister news service Reuters.
Medical device maker Zimmer Holdings Inc said it would buy orthopedic products company Biomet Inc in a deal valued at about $13.35 billion to broaden its portfolio of products that treat bone and joint-related disorders.
Japan Bank for International Cooperation (JBIC) and Sumitomo Mitsui Trust Bank said they have agreed to invest in CVC Capital Partners Ltd’s fourth Asian fund, which is seeking to raise around $3 billion.
Target: Wilton Re Holding Ltd Price: $1.8 bln Sponsor: Canada Pension Plan Investment Board (CPPIB) Sellers: Stone Point Capital, Kelso & Co, Vestar Capital Partners, FFL The Canada Pension Plan Investment Board (CPPIB) has agreed to buy U.S. life insurance and reinsurance provider Wilton Re Holdings Ltd for $1.8 billion from a group of private equity firms, the first foray by […]
The $9.4 billion acquisition of U.S. retailer Safeway by Cerberus Capital Management is expected to be financed by $7.6 billion of debt in what will be the biggest buyout deal since Dell and Heinz last year, sister publication International Financing Review reported.