Mike Brown did the work and now has US$33 million for Bowery Capital. Mike Brown has spent the past year making trips to small rural towns and has spent many weeks in cities from the west to the east.
Sectors
Loans Top Choice in Unstable Markets
Loans remain the safest route for financing during unstable markets. A crackdown on bank lending similar to regulations have not barred corporate funds from plunging itself into the loan markets.
Junk Markets Make Hay While Yield Seekers Come
Junk rated companies are riding the crest of yield seeking investors, regardless of the risks. The current European economic crisis has moved a rate cut this week, but this did not hinder the unstoppable search for profit from many fund managers.
Buyout Flipping Harmful to Investors
Buyout flipping means private equity funds sell and buy assets from one another, which to many looks like recycling in order to generate funds.
Banks Frustrated with Back Room Deals
More and more banks are incensed with deals done privately instead of the normal auction process conducted.
Latest News
Checkview recently concluded transfer and acquisition of Checkpoint. In an announcement made by Checkpoint Sytems, Inc today, it disclosed that the sale of its Canadian and US Checkview organization to an associate of Platinum Equity was recently concluded.
Qiwi, the payment solutions provider from Russia, is set to do an IPO at Nasdaq. Qiwi Plc, the Russian instant payment operator is now in the process of conducting an IPO at the Nasdaq Stock Market.
CTPartners acquires Augmentum for an undisclosed amount. CTPartners Executive Search Inc, a publicly listed company in the NYSE, has announced that it has purchased Augmentum Consulting Ltd, the premier executive search firm in London.
Plexus Capital raises US$150 million with an equal counterpart from the Small Business Association to create Plexus Fund III worth US$300 million.
Klockner Pentaplast to issue notes worth Eur225 million. The largest producer of rigid plastic film for packaging purposes, Klockner Pentaplast, has set the price of Eur225 million in Senior PIK notes due on 2017 with an interst rate of 10.
Netchemia receives investment from Mainsail in the amount of US$6.5 million. In an announcement made today by Netchemia LLC, it disclosed that Mainsail Partners gave its company an equity investment amounting to US$6.
BC Partners offered over US$1.3 billion for Allflex. On Friday, Electra Partners announced that BC Partners offered US$1. 3 billion to purchase Allflex.
BRP, the makers of snowmobiles and watercraft, is listing for an IPO in Toronto, Canada. The Canadian builder of Ski-Doo snowmobiles, watercraft and ATVs, BRP Inc, is aiming to raise Can$262 million or US$259 million through sale of its shares during an initial public offer.
From Omaha, Nebraska, Warren Buffett said he won't sell IBM shares despite missed earnings expectations for the quarter.
