Corsair related stories
All articles and analysis
Corsair hires former UK trade ministerFormer StanChart CEO and trade minister Mervyn Davies will source European deals for the firm, which counts StanChart as an 'important' LP.
- Corsair targets $2bn, defends placement agents
The firm has for the first time hired a placement agent to help it get access to public pensions, and has decried a potential ban on placement agent activity.
- FDIC establishes rules for private equity bank buyouts
The US banking regulator scaled back its proposed rules, easing certain requirements that had attracted industry criticism including Tier 1 leverage ratios.
- Blackstone, Centerbridge offer alternatives to FDIC rules
Lower capitalisation levels and shorter hold periods are among the changes to proposed FDIC bank ownership rules offered by a group of private equity firms.
- TUMBLING PIPES
Financial sector stocks have fallen, causing many to wonder whether a handful of high-profile private equity deals were ill-timed.
- Carlyle collects $1bn for ‘bad bank’ fund
The New York-based firm is raising $3bn for its financial services-focused fund. TPG and JC Flowers are also looking to invest in the sector.
- TPG slashes finance fund by 25%
A $6bn fund targeting financial services closed last year will downsize to $4.5bn in commitments. TPG is telling investors an influx of US government rescue cash to the sector has diminished opportunities.
- Kohlberg to pay reduced price for US catering service Centerplate
The price of the merger, originally valued between $185m and $205m, was reduced to an undisclosed amount due to Kohlberg’s inability to secure financing.
- MatlinPatterson to invest $250m in ailing bank
The New York-based private equity firm has agreed to buy a 70% stake in Flagstar Bancorp as long as the US government injects $250m from the Troubled Assets Relief Program in the bank.
- National City balks at financing Kohlberg deal
The Corsair Capital-backed bank has declined to extend $175m in debt for Kohlberg & Company’s acquisition of sports caterer Centerplate. Last month, National City agreed to a $5.2bn government-backed merger with PNC Financial Services Group.