William Sonneborn has resigned as the corporate credit and equity investments head of KKR & Co LP and Craig Farr is set to take over his post.
Firm Management
Dell Founder Raises Bid by US $150 Mln
Dell proposes an additional US $150 million to its initial bid. Michael Dell, Dell Inc. founder, increased his initial US $24. 4 billion bid with an additional US $ 150 million Wednesday.
Mitsubishi UFJ, to sell Thai unit for Ayudhya Bank stake
Mitsubishi UFJ plans to offer its Thai branch for a controlling stake in Bank of Ayudhya. Mitsubishi UFJ Financial Group Inc. has decided to offer for sale of its Thai branch to Bank of Ayudhya Pc1 for an 8% stake in the company, according to three sources familiar with the deal.
Yankee Candle drops plans at a private sale
Yankee Candle decides to pursue IPO after an unsuccessful attempt at a private sale. Yankee Candle Co, Madison Dearborn Partners' scented-candle maker unit, decided to forego attempts at a private sale, opting for an initial public offering.
David J. Greenwald set to lead Fried Frank
David J. Greenwald is set to become the Chairman of Fried Frank. David J. Greenwald, Goldman Sachs deputy general counsel and international general counsel, is set to join international law firm Fried, Frank, Harris, Shriver & Jacobson LLP in a leadership capacity.
Latest News
Kobie Fuller joins the investment team at Accel Partners as Principal. Internet executive and Harvard University graduate Kobie Fuller has joined Accel Partners as a Principal.
KKR announced that equity investment and corporate credit head William Sonneborn has resigned and will be succeeded by Craig Farr.
Former IBM Managing Director Michael Dobak has been elevated to CEO by Ogilvy & Mather. Ogilvy & Mather (O&M), one the leading marketing communications companies in the globe, announced 44-year-old Michael Dobak as CEO of California-based Ogilvy & Mather West.
Flagstar Bancorp Inc gains USD 44 million in second quarter 2013 Flagstar Bancorp, Inc. , Flagstar Bank's holding company, announced its second quarter net income for 2013 of USD 65.
Time Warner Cable and CBS have yet to reach a conclusion regarding the re-transmission of CBS programming.
TPG admited that its recent purchase, Assisted Living Concepts Inc., will need a lot of work for it to succeed.
Travelers Cos. reported its biggest decline since 2008 in most recent quarterly report. Insurance company Travelers Cos. (TRV) announced the largest quarterly decline in five years during the reporting of its second-quarter results.
TwinFocus stated that it had established a Private Equity unit and brought in Orlando Mendoza to lead the newly formed unit.
Investel Capital agreed to purchase British Columbia-based Coastline Broadcasting. Investel Capital Corp. , an investment fund with offices in Toronto and Vancouver, agreed to purchase British Columbia-based cable television provider Coastline Broadcasting of Black Creek for an unspecified amount.
