3 min read · 02 February 2009
1 min read · 02 February 2009
The Carlyle Group is raising up to $75 million for its fourth Latin American real estate fund, according to a regulatory filing. It already has secured around $10 million. www.carlyle.com
1 min read · 02 February 2009
1 min read · 02 February 2009
Philip Ruppel has joined Navigtation Capital Partners as an analyst. He previously was part of the financial institutions group of Bear Stearns & Co.
2 min read · 02 February 2009
gnaChip Semiconductor LLC, a South Korean maker of analog and mixed-signal semiconductor products for high-volume consumer applications, has withdrawn registration for a $575 million IPO, citing “unfavorable market conditions.” It had planned to trade on the NYSE, with Goldman Sachs, UBS and Credit Suisse serving as co-lead underwriters. The company was formed in 2004, via the $828.2 million carve-out of Hynix Semiconductor's non-memory semiconductor operations, by Citigroup Venture Capital, CVC Asia Pacific Ltd. and Francisco Partners. www.magnachip.com
1 min read · 02 February 2009
First Reserve Corp. has agreed to sell a 10.75% equity interest and pro-rata funding obligation in Longview Intermediate Holdings to Siemens Financial Services. No financial terms were disclosed for the deal, which is expected to close within 60 days. Longview is part of GenPower Holdings, a power generation platform formed in October 2006 by First Reserve and GenPower LLC.
4 min read · 02 February 2009
1 min read · 02 February 2009
1 min read · 02 February 2009
MatlinPatterson has completed its $250 million PIPE investment in Flagstar Bancorp Inc. (NYSE: FBC), the largest publicly-held savings bank based in the Midwestern U.S. Flagstar also announced that it had received $266.6 million from the U.S. Treasury's TARP Capital Purchase Program, and another $5.32 million from management.
1 min read · 02 February 2009
