2 min read · 23 July 2009
2 min read · 23 July 2009
Roger Tauchman has joined financial consultancy Lake Pointe Partners as a director. He previously was a senior vice president with GE Capital.
2 min read · 23 July 2009
The Great Atlantic & Pacific Tea Company (NYSE: GAP) has raised $175 million in PIPE funding from existing shareholders The Yucaipa Cos. ($115m) and Tengelmann Warenhandelsgesellschaft KG ($60m). Tengelmann now holds a 38.6% stake, while Yucaipa holds 27.6 percent.
4 min read · 23 July 2009
1 min read · 23 July 2009
Integra Telecom Inc., a Portland, Ore.-based CLEC, has agreed to a debt restructuring that would give its lenders an undisclosed equity stake. This would mean dilution for existing shareholders Warburg Pincus, Nautic Partners, BA Capital Investors, Boston Ventures and GE Equity.
4 min read · 23 July 2009
Ladder Capital Finance, a New York-based specialty finance company focused on the commercial real estate industry, agreed to acquire Florida community bank FirstCity Bank of Commerce. The purchase price is $8.15 per share, although the total is unknown because FirstCity is private. Ladder Capital was formed last last year with approximately $1 billion in equity and debt capital, co-led by GI Partners and Towerbrook Capital Partners. It recently filed for a $400 million IPO.
3 min read · 23 July 2009
SinoLatin Capital has launched has an advisory firm focused exclusively on cross-border transactions between China and Latin America. Two of the firm's three founders, Rafael Valdez Mingramm and Erik Bethel, previously worked with Chinese private equity firm ChinaVest.
2 min read · 23 July 2009
Physicians Interactive LLC, a portfolio company of Perseus LLC, has acquired Skyscape Inc., a mobile and online provider of specialty medical information. No financial terms were disclosed.
4 min read · 23 July 2009
1 min read · 23 July 2009
