Centerbridge Partners LP

Santander Consumer eyes $8.4B valuation in IPO

Santander Consumer USA Holdings is seeking a valuation of as much as $8.4 billion in its initial public offering. The auto loan company owned by Spain's Banco Santander as well as private equity firms expects to raise $1.56 billion in the listing.

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Beleaguered LightSquared to receive up to $2.5B financing sponsored by Fortress

LightSquared, which has been in bankruptcy last year, may get $2 billion to $2.5 billion in financing backed by Fortress Investment Group. JPMorgan Chase & Co. in talks with lenders, who would need to commit by January 8.

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BlackRock to raise $3B for new credit hedge fund BlackRock Credit Alpha Fund

BlackRock, the world's largest manager, is seeking to raise up to $3 billion for a new hedge fund to invest in credit globally. BlackRock Credit Alpha Fund was created in October with an initial target capital commitment of $500 million.

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Centerbridge backs out of deal to acquire LightSquared

Private equity firm Centerbridge Partners has abandoned the deal to buy bankrupt LightSquared. Centerbridge, which had offered $3.3 billion for LightSquared, is uncertain over when federal regulators would approve the company's proposed building of a wireless network.

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Centerbridge Partners to take over LightSquared for $3.3 billion

Private equity firm Centerbridge Partners will pay $3.3 billion and assume about $1.7 billion in debt should it acquire bankrupt telecommunications company LightSquared Inc. Centerbridge and LightSquared were said to have reached a tentative takeover deal.

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RBS chooses group by Corsair and Centerbridge prior to branch sale

According to a statement today, a group led by private equity firms Corsair Capital LLC and Centerbridge Partners LP would be preferred by Royal Bank of Scotland Group Plc to purchase its 314 branches.

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Siemens to sell water technologies unit

Sources said Siemens is selling water technologies unit to private equity firms.

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