BMC Software signed a definitive agreement to be acquired by a private investor group led by Bain Capital and Golden Gate Capital. Credit Suisse, RBC Capital Markets and Barclays have agreed to provide debt financing.
An affiliate of H.I.G. Capital completed its acquisition of recycled paperboard provider Caraustar Industries. Financing for the transaction was provided by Credit Suisse, Goldman Sachs, Jefferies and WFCF.
Bloomberg reported that Goldman Sachs’ hiring of a Credit Suisse executive has left the individual facing a lawsuit accusing her of stealing her former employer’s trade secrets.
Law firm Paul Hastings said it represented Credit Suisse Securities (USA) as lead arranger and Credit Suisse AG as administrative agent in a $1.775 billion refinancing of energy producer Dynegy.
Simpson Thacher announced that it is representing Blackstone in connection with its acquisition of Strategic Partners, a private equity business, from Credit Suisse.
Tronox received a commitment for a new $1.3 billion senior secured term loan provided by Goldman Sachs, UBS, Credit Suisse and RBC Capital Markets.
Walter Investment Management said it engaged Credit Suisse Securities, Morgan Stanley Senior Funding and Merrill Lynch to assist it with the arrangement of a $475MM incremental facility to its existing term loan.
Champion Enterprises: Bankruptcy Court (Mostly) Dismisses Complaint Against Prepetition Lenders Based On Alleged Inequitable Conduct
Secured lenders are certain to find In re Champion Enterprises, Inc. useful, both in its holdings and its analysis, when challenged by complaints centered on alleged inequitable conduct from creditors’ committees or Chapter 7 trustees. This case succinctly reaffirms the principle that the use of leverage in negotiations does amount to inequitable conduct.