A new merchant bank, Pelican Point Capital Partners, has been launched to make debt and equity investments in a variety of sectors and to provide other financial advisory services. The firm was founded by Ike Suri and Shad Quraishi and maintains offices in Newport Beach and New York. “As financial markets evolve, our combined experience […]
Valuation Research Corporation was recognized as the Valuation Firm of the Year by the New York chapter of the Association for Corporate Growth. This was the second time VRC has received this award. “We are very proud to again be recognized by ACG New York,” said Raymond Weisner, managing director of Valuation Research’s New York […]
The Melanoma Research Alliance (MRA) , the largest private funder of melanoma research, will hold its second annual Leveraged Finance Fights Melanoma benefit on May 21 at the Summer Garden and Sea Grill at Rockefeller Center. Funds raised at the event will support the MRA’s global research program. Chaired by Jeff Rowbottom, KKR’s Head of […]
In 2012 American Capital invested over $300 million in 28 private equity sponsored transactions. These investments were led by American Capital’s offices in the United States and Europe and were made in support of buyouts, refinancings, add-on acquisitions, dividend recapitalizations and growth opportunities. “In 2012, our Sponsor Finance Group was successful in sourcing and closing […]
J.H. Cohn and Reznick Group, two of the top-20 accounting and consulting firms in the U.S., today announced the completion of their combination, forming CohnReznick. CohnReznick is now the 11th largest firm in the country with combined revenues of more than $450 million. J.H. Cohn’s Chief Executive Officer, Thomas Marino, and Reznick Group’s Chief Executive […]
Investment bank Stout Risius Ross, with its presence in the Midwest and on the coasts, and investment bank HFBE, with its presence in Texas and the South, have merged expanding both firms’ geographic reach and broadening resources available to clients. HFBE provides valuation and investment banking services to private and closely held businesses. HFBE specializes […]
The Capital Markets division of WTP Advisors, a tax and business advisory firm, will be spun out to form a new company named Avalon Lake Partners. The new firm will be led by industry veterans Lou Sala, Jay Goldstein, and Ilicia Silverman and will move away from tax advisory work and focus completely on providing […]
Sycamore Partners has completed the acquisition of The Talbots in a transaction valued at approximately $391 million. In tandem with the close, Sycamore has appointed a new executive team to lead the company under its ownership. “We are pleased to have completed this acquisition and are ready to deliver on the promise of executing on […]
Richard Schulze, Founder and former Chairman of Best Buy Co., has submitted a written proposal to the Best Buy Board of Directors to acquire all of the outstanding shares of the company that he does not already own for a price of $24 to $26 per share in cash. The purchase price represents a premium […]
Nearly flat investment returns of 1.8 percent at CalSTRS reflect the highly volatile and challenging global markets of the 2011-12 fiscal year. The return rate is well below the actuarial assumed rate of 7.5 percent and 150 basis points below the policy benchmark, the fund’s performance measuring stick. The CalSTRS Investment Portfolio’s market value for […]
