Markstone Capital Partners has acquired a controlling interest in TomCar Ltd., a Rochester Hills, Mich.-based maker of off-road vehicles. No financial terms were disclosed. Markstone has named Tom McAlear, former COO of DaimlerChrysler Financial Services, as TomCar’s new chief executive.
2 min read · 23 February 2009
1 min read · 23 February 2009
4 min read · 23 February 2009
2 min read · 23 February 2009
3 min read · 23 February 2009
1 min read · 23 February 2009
4 min read · 23 February 2009
NEW YORK (Reuters) - At least two consortia are emerging to bid for American International Group Inc's (AIG.N) aircraft leasing business, while two large potential suitors have lost interest, sources familiar with the matter said. Carlyle Group is a member of one group interested in International Lease Finance Corp; another group is led by private equity firms Greenbriar Equity Group LLC and Onex Corp (OCX.TO), two of the sources said. Kohlberg Kravis Roberts & Co and Singapore's Temasek Holdings Pte Ltd are no longer interested, other sources said. Other parties remain interested, one of the sources said, adding that many bidders were talking to each other about working together to buy ILFC. Last month sources said TPG Capital LP had bowed out after initially expressing interest.
3 min read · 20 February 2009
BNP Paribas Investment Partners has acquired a minority equity stake in Northern Lights Ventures, a Tacoma, Wash.-based private equity firm focused on the money management industry. No financial terms were disclosed.
3 min read · 20 February 2009
2 min read · 20 February 2009
