The $60 million investment, made alongside Middle East investor The Family Office, marks the buyout firm’s second investment in the company, which it acquired in 2006.
1 min read · 05 January 2013
The Federal Reserve has issued new policy guidelines that will make it easier for private equity investors to take larger stakes in US banks.
2 min read · 05 January 2013
Valued by regulators at £1.8bn, the sale of the UK airport could fetch as much as £3bn for the Spanish airport investor, though much of the proceeds may go toward servicing existing debt. The announcement came less than a month after the UK’s Competition Commission published preliminary plans to force BAA to sell three of its seven airports.
2 min read · 05 January 2013
Despite a difficult credit market and unprecedented volatility in the US financial services sector, private equity firms poured nearly $6bn in US banks in the first half of the year and are on track to invest more.
2 min read · 05 January 2013
JC Flowers' founder may use the First National Bank of Cainesville as a platform acquisition for other distressed and failed deposit-taking institutions, according to a regulatory filing.
2 min read · 05 January 2013
The biggest bank failure in US history is also one of the biggest publicly disclosed private equity losses in history. TPG has stressed that the investment represented only a small portion of its diversified assets.
4 min read · 05 January 2013
The ailing savings and loan had previously sought to be taken over by banking giants JPMorgan and Citi, but as such talks have not yet resulted in any deal, the bank is reportedly seeking a deal with Blackstone or Carlyle.
2 min read · 05 January 2013
The firms' decisions to become bank holding companies may present new challenges to keeping their private equity arms under the same roof.
3 min read · 05 January 2013
The firms are among six private equity investors that have participated in SolarReserve’s secong round of financing.
2 min read · 05 January 2013
The promotions of Brett Gordon, Alex Rogers and John Toomey brings to 20 the firm’s total number of managing directors worldwide, with five focused on the firm’s secondaries business and four working on direct investments.
2 min read · 05 January 2013
