Topic: Private Equity Firms
Citi in talks over $3 billion in car loans: report
Reuters US Online Report Business News
PHILADELPHIA (Reuters) - Citigroup Inc <C.N> has held talks with private equity groups and hedge funds over the sale of $3 billion in car loans in a move to clear troubled assets from its balance sheet, according to a report by the Financial Times. Citigroup is believed to ...
Private equity firms brace for tax battle
Reuters US Online Report Business News
NEW YORK/WASHINGTON (Reuters) - Private equity firms are again being threatened with higher taxes, as a long-running debate over how to classify their profits again becomes a focus for governments desperate for cash. But while high-profile buyout firms may seem an easy target, the question is a controversial one. Critics ...
EMI parent seeking cash to avoid default
AP News
EMI parent seeks investor cash to avoid default on billions in Citigroup debtThe private equity firm that bought the recording label of the Beatles and Coldplay needs more cash from investors to avoid a possible foreclosure by Citigroup Inc. The problems for British financier Guy Hands were detailed in a ...
Greenhill invests $20M in insurance brokerages
AP News
Private equity manager Greenhill invests $20 million in insurance brokerage owner AcrisurePrivate equity manager Greenhill Capital Partners said Friday it invested $20 million a Michigan-based owner of insurance brokerages. The investment in Grand Rapids, Mich.-based Acrisure LLC, is designed to support future growth. Acrisure has bought or entered into ...
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