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Yes Bank acquires 9.9% stake in JC Flowers, applies for additional stake buy

Finance

29 November, 2022

Yes Bank acquires 9.9% stake in JC Flowers, applies for additional stake buy

Yes Bank has initially acquired a 9.9% shareholding in JC Flowers ARC. The lender said that it plans to acquire ......

Yes Bank gives nod for sale of NPA portfolio to JC Flowers

Finance

21 September, 2022

Yes Bank gives nod for sale of NPA portfolio to JC Flowers

Private lender Yes Bank's board has approved the transfer of stressed assets worth ₹48,000 crore to private equity firm JC ......

Yes Bank to pay Rs 350 crore for JC Flowers ARC deal

Finance

19 July, 2022

Yes Bank to pay Rs 350 crore for JC Flowers ARC deal

Yes Bank to invest about Rs 350 crore for a 20% stake in JC Flowers Asset Reconstruction Pvt Ltd, Prashant ......

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Blackstone-backed IARC's chief Anurag Das quits before end of term

Finance

23 May, 2022

Blackstone-backed IARC's chief Anurag Das quits before end of term

Blackstone-backed International Asset Reconstruction Company (IARC)'s top executive Anurag Das has resigned as the chief executive officer (CEO), two people ......

Cerberus, Oaktree, JC Flowers in race to buy stake in Yes Bank's proposed ARC

Finance

12 October, 2021

Cerberus, Oaktree, JC Flowers in race to buy stake in Yes Bank's proposed ARC

Three US-based entities including private equity (PE) fund Cerberus Capital Management, New York-based investor JC Flowers & Co. LLC and ......

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Ares SSG arm, four other investors acquire 100% debt of Jayaswal Neco

Manufacturing

27 August, 2021

Ares SSG arm, four other investors acquire 100% debt of Jayaswal Neco

More than two years after the initial agreement was signed, global asset managers Bank of America, Davidson Kempner Capital Management, ......

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Mid-sized and smaller distressed steel assets likely to see indirect PE interest

Manufacturing

16 August, 2021

Mid-sized and smaller distressed steel assets likely to see indirect PE interest

Given a competitive pricing advantage and strong steel demand, several mid-sized and smaller distressed steel assets could be snapped up ......

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Investors offer massive haircuts for LIC's $1 bn stressed loan accounts

Finance

28 July, 2021

Investors offer massive haircuts for LIC's $1 bn stressed loan accounts

At least five large investors including private equity players have bid very low to acquire stressed corporate loans worth about ......

IDBI Bank invites bids for its stake in Avenue Capital-backed Arcil

Finance

18 June, 2021

IDBI Bank invites bids for its stake in Avenue Capital-backed Arcil

IDBI Bank has invited bids for around 19% stake in Avenue Capital-backed Asset Reconstruction Company (India) Limited (Arcil) in order ......

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Ares SSG-backed ARC set to lose bid for stressed home finance firm

Finance

16 June, 2021

Ares SSG-backed ARC set to lose bid for stressed home finance firm

An Ares SSG-backed asset reconstruction company (ARC) is set to lose a potential bid to acquire assets of large debt-laden ......