News

Report: Rattner up for auto oversight post

The Quadrangle Group co-founder is reportedly the leading candidate for an appointment by Barack Obama to a US government position overseeing the restructuring of the US auto industry. General Motors and Chrysler last month received a $17.4bn government rescue package.

KPMG appoints private equity head for Asia-Pacific

Honson To will continue as head of KPMG China’s private equity operations, alongside his new, wider regional role.

Private investor group buys IndyMac for $13.9bn

JC Flowers, Dune Capital and Stone Point Capital are among the investors purchasing the Californian mortgage lending bank which defaulted last July.

Permira’s co-head of Japan office leaves

The buyout firm’s Tokyo office is left under the steerage of Alex Emery following Tomoya Shiraishi’s departure to 'pursue personal interests'.

TPG’s European credit management chief resigns

Oliver Blechner has resigned amid reported rumours of a personality clash at the top.

CVC hires Larry Klane as ‘global’ senior advisor

The global private equity firm has made the hire to support its investment advisory activities in the financial services sector.

GMAC chair Merkin resigns

Ezra Merkin, the chairman of the Cerberus-backed financing company, resigned his position Friday as part of an overall board restructuring required by the US government for the company to become a bank holding company. Merkin is also being sued over links between a separate investment fund he controls and the Bernard Madoff Ponzi scheme.

KKR appoints senior adviser for Australia

Leigh Clifford will advise the global buyout firm’s operations in Australia. His 37 years in the mining sector is expected to benefit the firm’s two Australian investments, especially mining company BIS industries.

Missouri governor to join private equity firm

Matt Blunt, the outgoing governor of Missouri, will advise Solamere Capital. The nascent firm, co-founded by one of Mitt Romney's sons, is raising a $200m debut fund. Romney was a co-founder of mega-buyout firm Bain Capital.

TPG replaces Asia chief

The firm's Asia head, Dan Carroll, has been replaced by emerging markets head Stephen Peel. Carroll originally agreed to move to Hong Kong in 2005 for a two-year stint and has now returned to the US.