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Entries tagged "JC Flowers"JC Flowers enters BankUnited auctionBloomberg buries the real news about BankUnited's FDIC auction: JC Flowers has entered the fray. Feds could throw bones to PE, hedge fundsEven if the reports that Treasury Secretary Tim Geithner may court private capital firms to invest in banks are true, interest may be tepid. TPG gets contrarian on distressed financialsRaising capital for distressed investing has been the rage for the last two years. And as the recession deepens, the carnage in banking has the number of potential opportunities there growing exponentially. So it probably struck some limited partners as strange when private equity firm TPG Capital decided to reduce the size of its $6 billion distressed fund targeting financial institutions by 25%. ... Could IndyMac's purchase prompt more private equity investments in banks?Federal regulators could announce a sale of failed mortgage lender IndyMac Federal Bank as soon as Wednesday. If the deal does go through, it could mean that regulators are willing to ease up on some strict banking rules, allowing private equity firms to own big banks. Primerica sale is a bust for CitiCitigroup Inc. is on a cold streak. The struggling financial services company wasn't able to buy Wachovia Corp., nor was it able to reel in Chevy Chase Bank FSB. Now, it looks like strike three for Citigroup as The Deal's Luisa Beltran reported Wednesday that the beleagured company's sale of its Primerica Financial Services Co. unit to JC Flowers & Co. LLC and Protective Life Corp. has been cancelled, according to sources. ... Rabble Babble: AIG in discussions with PE firms, seeks Fed helpRumors that American International Group Inc. is in deep trouble are swirling furiously since Lehman Brothers Holdings Inc. sought bankruptcy protection. Analysts have apparently downgraded the insurer's ratings because it is likely to suffer $10 billion in super-senior CDS losses and $5 billion in realized investment portfolio losses in the third quarter due to the liquidation of Lehman Brothers, according to a Reuters report citing analysts at UBS.... PE Pipeline: The debt pipelineThe pall that descended over loan markets last August seems to be lifting. At least, that's the impression given by rising prices for secondary securities in leveraged finance markets. Standard & Poor's Leveraged Finance & Data unit calls the loan market "resurgent," as S&P's leveraged loan index registered a record monthly return of 3.7% in April. The index is still down 2.25% for the year, however. Market participants attribute the positive tone to a debt pipeline that has shrunk dramatically since the beginning of the year. S&P estimates that the pipeline of pending offerings and those still stuck on balance... Deal International: March 31, 2008Stay tuned for these stories from TheDeal.com and Deal International.Pernod Ricard downs Absolut Pernod Ricard SA will acquire Absolut vodka maker Vin & Sprit AB for $8.9 billion. BayernLB confirms IKB bid State-backed lender BayernLB wants to buy the corporate-lending business of IKB AG. Telekom rejects Oger offer South Africa's Telkom SA Ltd., a joint venture partner of Vodafone Group plc, rejected an approach from Saudi Arabia's Oger Telecom Ltd. Friends snubs JC Flowers again Friends Provident plc rejected a revised $7 billion bid from JC Flowers & Co. LLC. Close Brothers acquires LMS Close Brothers Group plc will... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "JC Flowers." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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