Centerbridge Partners related stories
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Private equity-backed buyouts still chasing 2007 peakWhile not yet at pre-crisis levels, a recent study found buyouts are increasing in part due to secondary buyouts fuelled by funds needing to deploy capital.
- WL Ross joins $100m bank investment
The distressed investment shop of Wilbur Ross has joined a group that is buying a 25% stake in Sun National Bank.
- Blackstone joins bid for US hotel chain
The private equity and real estate giant has reportedly teamed up with a group of investors, led by Centerbridge Partners and Paulson & Co., in a $905m bid for bankrupt hotel chain Extended Stay.
- Wellcome, Blackstone withdraw RBS bid
A bid by UK charitable foundation The Wellcome Trust and The Blackstone Group to buy 318 branches owned and operated by UK bank The Royal Bank of Scotland, has been withdrawn.
- Wellcome, Blackstone team up for UK bank bid
The two giants of the private equity world are joining forces to buy a number of RBS branches.
- Starwood-led group in $905m hotel recap
Extended Stay’s board has backed the offer from Starwood, TPG and Five Mile, saying it would value the bankrupt company at $3.9bn.
- Veteran GPs triumph in PEI Awards
Apax, KKR, Oaktree and H&F were among the long-established firms taking top honours in the highly regarded Private Equity International Awards 2009.
- Coming soon to a high street near you
Blackstone is plotting its entrance into the UK retail banking sector.
- Carlyle leads $550m offshore bank deal
The Canadian Imperial Bank of Commerce and the Wellcome Trust are among the investors now backing Butterfield & Son, Bermuda's first-ever bank.
- IndyMac deal may be a thing of the past
US regulations on PE ownership of banks will prevent future deals like IndyMac, according to Sander Levy of Vestar Capital Partners.