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Entries tagged "Wilbur Ross"Bidders get their last chance at DelphiBankrupt auto parts maker Delphi moves closer to ending its nearly four year stay in Chapter 11 as Friday marks the deadline to outbid Platinum Equity. BankUnited auction a test for PEPrivate equity firms are likely carefully watching the FDIC's BankUnited auction for clues to how the regulator might view future bank bids from PE firms. JC Flowers enters BankUnited auctionBloomberg buries the real news about BankUnited's FDIC auction: JC Flowers has entered the fray. More than 100 apply to participate in PPIPMore than 100 firms file applications to participate in the Treasury's Public-Private Investment Partnership to acquire bank's bad assets. Wilbur Ross lukewarm on revamped TARPThe plan to draw in investors like Wilbur Ross isn't all that appealing to Wilbur Ross. Is private equity finally getting into banking?Wilbur Ross and the Carlyle Group are reportedly considering a joint bid for Florida's BankUnited Financial. 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%. ... Wilbur Ross still hunting for a bank to buyThe beleaguered banking industry appears to have taken enough of a beating that distressed investing specialist Wilbur Ross is throwing his hat into the ring. According to CNN Money, Ross' firm is still actively searching for a depository institution to buy. "We will end up with a bank, there is no doubt about that," the chairman and CEO of WL Ross & Co. said in an interview Tuesday. ... Ross' Wagon's wheels fall offWilbur Ross' Wagon plc, one of the U.K.'s biggest automotive components manufacturers, has filed for administration, the latest and certainly not the last fallout from the reeling global car industry. The company, controlled by the legendary distressed investor and billionaire, made its filing on Monday after talks with lenders broke down. It was reported that the company had been seeking a funding package from its banks in order to survive for another three months.... Why Ross is making a case for a GM bailoutWilbur Ross has always been a contrarian, which is entirely natural given he's a distressed investor, so it should surprise no one that he's on the opposite side of the fence from the growing number of pundits and financiers who have argued for a General Motors Corp. Chapter 11 bankruptcy filing. ... Wilbur Ross affiliate takes Dexia bond unitOn Friday, Dexia SA said it would sell its problematic bond insurance unit to an affiliate of Wilbur Ross as it posted a €1.54 billion ($1.92 billion) third-quarter loss and laid out a restructuring plan.... Buffett, Ross said to come to rescue of FSAFranco-Belgian Dexia SA, a lender to local governments, reiterated Tuesday that it is seeking to reduce the risks associated with its troubled New York bond insurance unit after a Belgian newspaper reported that entities backed by Warren Buffett and distressed debt investor Wilbur Ross were close to buying at least part of it.... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "Wilbur Ross." 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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