Sankaty offers CLOs for US and Europe through its first fund. The credit investment unit of Bain Capital LLC, Sankaty Advisors LLC, had begun raising its first fund focused on collateralized loan obligations.
Investors
Gladstone Acquires Land then Leases It
Gladstone purchases a farm in Michigan and leases it out to a corporate farmer. In an announcement, Gladstone Land Corporation has acquired a farm with a land area of 119 total acres where 89 is arable land.
Zon and Optimus merger to be reviewed by Portuguese regulators
The merger of Zon Multimedia and Optimus is being reviewed by Portuguese authorities to avoid the creation of duopolies in the country's pay-TV market.
Delay in Hudson City-M&T Deal Ruling Expected
Concerns about money laundering and violations of the Bank Secrecy Act hold back M&T Bank's purchase of Hudson City Bancorp Inc.
Wind Uses Sirti and Huawei in New Project
Wind of Italy is investing on a 4G network powered by Sirti and Huawei. Wind, the Italian mobile phone operator, is now investing US$1. 3 billion to build a fourth generation mobile broadband network to become more competitive against rivals Vodafone and Telecom Italia.
Latest News
Turkish conglomerate Calik Holdings is in the process of selling off its media shareholdings. Calik Holdings of Turkey has talks in progress to sell off its ATV television subsidiary to Time Warner Inc.
HD Supply is planning to hold an IPO to raise funds for the housing market. HD Supply Holdings Inc, the industrial and construction supplies distributor has filed for a US$1 billion initial public offering.
Heineken is reviewing its options, including selling its shares to Hartwall. Dutch brewer, Heineken, is planning to sell its Finnish subsidiary Hartwall to Hartwall Capital.
Japan's railway and real estate group Seibu Holdings has opposed the renewed attempt of Cerberus Capital Management LP to increase its stake in the company to 44.7 percent.
Lippo Group would undertake three separate IPOs for its units. One of the leading Indonesian conglomerates, Lippo Group, is aiming to make US$300 million for IPOs of its banking, healthcare and information technology units.
Beleaguered company J. C. Penney Co Inc has engaged the services of Blackstone Group LP's financial advisory arm for their expertise on how to best position the firm financially, according to sources.
In a push for diversification, DreamWorks Animation purchases the worldwide rights for Troll Doll Toys.
JAB purchases DE Master Blenders for Eur7.5 billion. The Reimann family investment arm Joh. A Benckiser has entered into an agreement to purchase DE Master Blenders 1753 NV for the price of Eur7.
Elan shareholders approve buyback plan to avert takeover bid from Royalty Pharma. Shareholders of Irish drug maker, Elan, approved a US$1 billion or GBP651 million share buyback approval.
