PE Hub Staff

CS and Deutsche to Fund Part of Hexion's Breakup Fee

Barclays May Be Selling PE Business - Report

Cerberus Issues Chrysler Statement

Cerberus Capital today issued a statement regarding its investment in Chrysler LLC, following President Bush's authorization of $17.4 billion in emergency loans to U.S. automakers (although Ford said it won't need the help). It said that it would put $2 billion from Chrysler Financial into the troubled automaker, alongside the $4 billion in federal funds. It also reiterated its pledge to not take any profits that may emerge, which a spokesman says includes both carried interest and fees. Here is the statement, in its entirety:

Cerberus To Use $2 Billion for Chrysler

Golden Gate Buys Macaroni Grill At A Big Discount

KKR Names North American PE Heads

Kohlberg Kravis Roberts & Co. has named Michael Michelson and Alexander Navab as co-heads of its North American private equity practice. Michelson works in Menlo Park, and joined KKR in 1981. Navab is in the firm’s New York office, and joined in 1993.

Pimco Snubs GMAC Debt Offer

US Automakers To Get $19.7 Billion in Federal Aid

Zeke Navar Joins Covington Associates

Zeke Navar has joined Covington Associates as a principal, with a focus on technology banking. He previously was with America’s Growth Capital.

NPC Keeps Building Pizza Hut Empire

NPC International Inc., a Lenexa, Kan.-based franchisee and operator of Pizza Hut franchises, has agreed to buy a total of 97 restaurant units from Pizza Hut Inc. for $37.5 million. NPC was acquired in 2006 by Merrill Lynch Global Private Equity, and currently operates 1,098 Pizza Hut restaurants and delivery/carryout units in 27 states.