Credit Suisse related stories
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CrossHarbor buys Yellowstone ski club for $115mThe Boston-based firm finally triumphed in its pursuit of the bankrupt, members-only club in Montana after originally bidding $470m for the resort in 2008. Yellowstone has been subject to a drawn out court battle over its future.
- Carlyle agrees £304m education bolt-on
Carlyle-backed education investor Apollo Global has agreed to delist BBP – a UK- and Europe-based provider of education services for lawyers, accountants and the financial services sector, which is reporting increasing revenues despite the economic downturn.
- Indiana commits to Mesa West debt fund
The pension, with assets of $16bn as of 30 June 2008, made more than $300m of commitments in the past month, including to a debt fund from Mesa West Capital. The Mesa West fund, which is reportedly targeting up to $500m, is expected to close in the coming months, sources say.
- SEC widens kick-back probe to examine pensions, financial firms
Goldman, Credit Suisse, UBS and Merrill Lynch are reportedly among the firms from which the US financial regulatory agency has requested information about work done in exchange for fees.
- GC Equity Partners II holds AED1.75bn first close
The buyout fund, which was launched in the second half of last year with help from Credit Suisse, is expected to reach a final close on its target of AED2bn by July.
- GIP reportedly pulls out of TPG-led consortium in Asciano bid
Global Infrastructure Partners is reportedly interested in parts of the Australian transport infrastructure company’s business, while the consortium is interested in acquiring the entire business.
- Report: GIP out of TPG-led consortium in Asciano bid
Global Infrastructure Partners is reportedly interested in parts of the Australian transport infrastructure company’s business, while the consortium is interested in acquiring the entire business.
- Aldus business teeters as firm lambasts SEC
The $20bn Connecticut state pension is the latest in a list of US pensions that have ended their relationship with Aldus Equity after the Dallas firm’s founder, Saul Meyer, was indicted for allegedly taking part in a kick-back scheme. Aldus’ lawyer yesterday rebuked the SEC as being ‘careless’ for naming the firm in a related complaint.
- NY State disgorges placement fee details
State comptroller Thomas DiNapoli today released details on 94 funds to which disgraced former comptroller Alan Hevesi committed capital, alongside the names of placement agents and the fees they were paid. It is the most detailed disclosure yet in the wake of the Henry Morris pay-to-play scandal.
- Report: Credit Suisse MD departs to set up fund
Zhu Lei reportedly plans to establish his own private equity shop and raise RMB9 billion for two RMB-denominated funds.