1 min read · 07 May 2009
3 min read · 07 May 2009
1 min read · 07 May 2009
1 min read · 07 May 2009
The sale of South Korea's Oriental Brewery looks set to spark the year's largest buyout with the news last week that vendor Anheuser-Busch has selected KKR as preferred bidder for the asset. An underwritten senior loan financing backs the acquisition, which could yet be expanded to include a junior portion.
4 min read · 07 May 2009
1 min read · 06 May 2009
2 min read · 06 May 2009
The Blackstone Group this morning reported Q1 earnings, including a $93 million loss. This compared favorably to both an $824 million loss in Q4 2008, and a $94 million loss in Q1 2008.
10 min read · 06 May 2009
Crunch, a New York-based fitness club chain, has agreed to be acquired by its senior secured lenders, Angelo, Gordon & Co. and New Evolution Fitness Co. The acquisition will occur via a voluntary, pre-packaged Chapter 11 bankruptcy process that allows other interested parties to submit buyout bids.
3 min read · 06 May 2009
StrataCare Inc., an Irvine, Calif.-based provider of national bill review software, workflow and outsource solutions to the workers’ compensation payer market, has sold an undisclosed equity stake to an investor group that includes SV Life Sciences Advisers, Beecken Petty O'Keefe & Co. and Paul Glover. No financial terms were disclosed.
2 min read · 06 May 2009
