Financial Time (Free subscription) | 4 hours ago
Bradford & Bingley has been forced to increase the size of its proposed 55p-a-share rights issue after TPG Capital, the private-equity group, pulled out of a deal to inject £179m into the troubled bank.
Daily Mail (Free subscription) | yesterday
Bradford & Bingley's major shareholders are stepping in to salvage the mortgage lender's £400 million funding plan after a US private equity firm walked away from the deal.
Times Online (Free subscription) | 5 hours ago
A group of wealthy individuals including Guy Hands, the private equity luminary, have accused Baker Tilly, the accountancy firm, and a leading barrister of professional negligence in £23 million compensation claim.
The Independent (Free subscription) | yesterday
One story dominated the markets yesterday, with Bradford & Bingley shares falling 9 per cent to 55.5p on news that private equity house TPG had pulled its offer of a £179m investment late last night. The news saw the banking sector retreat, which in turn weighed on the FTSE 100, which had no other significant economic or company news to prop it up. It was down 42.7 points at 5433.3 at lunch time....
Business Wire (Free subscription) | yesterday
DUBLIN, Ireland--(BUSINESS WIRE)--Research and Markets (
EuroInvestor.co.uk (Free subscription) | yesterday
Press Release July 4, 2008 LinkMed acquires world leading company in the transplantation sector LinkMed AB, a leading listed private equity company in the.. - Read more
SoccerLens (Free subscription) | yesterday
Mike Ashley is not selling Newcastle United this summer. Not only does it not make sense but the news itself is wide off the mark and completely misinterpreted. So far, what the Sun (who seem to have an ‘insider’ source) are saying is that people from New York based private equity fund, InterMedia Partners met [...]
The Independent (Free subscription) | yesterday
Bradford & Bingley's shares fell more than eight per cent today after major shareholders rescued the lender's £400 million funding plan. This came after a US private equity firm walked away from the deal.
Hedge Fund Jobs (Free subscription) | 4 hours ago
Reuters UK (Free subscription) | yesterday
LONDON (Reuters) - Bradford & Bingley plans to increase its rights issue to 400 million pounds ($794 million) after U.S. private equity firm TPG Capital pulled out of a plan to buy a stake, sending its shares lower.
Reuters UK (Free subscription) | yesterday
LONDON (Reuters) - Bank Bradford & Bingley said it plans to increase the size of its rights issue to 400 million pounds after U.S. private equity firm TPG Capital pulled out of a plan to buy a stake.
Free Internet Press (Free subscription) | 2 hours ago
Private equity buyers apparently salvaged a record $52 billion deal for Bell Canada on Friday by postponing its closing date until later this year and canceling dividend payments. The consortium of banks that had agreed to provide about $34 billion in financing for the acquisition were demanding changes to lending terms made a year ago before the current credit market crunch. The deal was originally...
DealBook (Free subscription) | 5 hours ago
The new Bell Canada deal agreement, which keeps alive the largest private equity deal in history, owes its origins to several parties, principally to Providence Equity Partners‘ Jonathan Nelson and Citigroup’s Chad Leat. But Morgan Stanley, the lead adviser to the buyers’ group, also played a role. And while the firm has tumbled a [...]
New York Times (Free subscription) | 6 hours ago
Private equity buyers apparently salvaged a record $52 billion deal for Bell Canada on Friday by postponing its closing date and canceling dividend payments.
Seattle Times (Free subscription) | 6 hours ago
Bradford & Bingley PLC said Friday it is revising its plans to raise new capital after U.S. private equity fund Texas Pacific Group pulled out of an agreement to invest more than $350 million in the British mortgage lender.
