Hints and tips:
...Since May it has raised output by roughly 700,000 b/d to 10.7m b/d, with Mr Falih promising output will keep rising next month....
...US exports of processed condensate reached 126,000 b/d in June, from zero a year before, according to Clipper Data....
...“The commercial mortgage-backed securities market is down anywhere from 10 per cent to 50 per cent since April,” says Marc Rosenthal, who manages a portfolio of such securities for MatlinPatterson, a New...
...Matlin Patterson, which was originally part of Credit Suisse’s global distressed team, has almost $10bn under management, while Pacific Harbor is led by Warren Allderige, a veteran of decades of lending...
...MatlinPatterson, a $9bn asset manager specialising in distressed assets, is hiring a credit investment team that formerly worked for KeyCorp, the US bank, people familiar with the matter said....
...MatlinPatterson Global Advisors, a private equity company specialising in distressed investments, is considering leading a rescue bid for the whole of Nortel Networks, the struggling Canadian telecommunications...
...MatlinPatterson’s offer came as the Canadian government waded into the Nortel auction process, asking Nortel to at least consider a Canadian buyer for its wireless assets....
...MatlinPatterson, which holds $400m or 10 per cent of Nortel’s debt, has expressed interest in acquiring and reorganising Nortel’s assets....
...Ericsson has joined the battle for control of Nortel Network’s core wireless division in a move that pits it against Nokia Siemens, one of its biggest European rivals, and MatlinPatterson, a US private equity...
...Ericsson’s victory represents a vindication of the auction process established by Nortel and its financial advisers, and a potentially serious setback for Nokia Siemens, which had hoped to use the Nortel...
...Gleacher was formed in 1990 by Mr Gleacher, who had been global M&A head for Morgan Stanley and, prior to that, helped found Lehman Brothers’ M&A banking practice in the late 1970s....
...US distressed debt funds including Appaloosa Management and Angelo Gordon took equity stakes in Marconi, while Matlin Patterson converted a controlling stake in the bonds of UK chemical company Vantico into...
...But Nanes Balkany said it had joined other investors that have complained to Toreador, including Matlin Patterson, which owned a nearly 11 per cent stake as of late June, out of frustration over its “dismal...
...At the other end of the spectrum, the cost of credit default protection against Norwegian paper company Norske Skogindustrier rose after it announced that its CFO will step down after a disagreement with...
...“In a difficult operating environment, Standard Pacific . . . is well positioned for renewed profitability and success as conditions improve,” said David Matlin, chief executive of MatlinPatterson....
...The move leaves only two remaining potential bidders – a consortium led by Gruppo Toto, the Italian construction group which includes Air One, the Italian carrier, and a rival bid from MatlinPatterson, the...
...Huntsman is controlled by family members and MatlinPatterson, and floated in 2005 at $23 a share....
...Hexion approached Huntsman again earlier this year after the company signalled it was seeking offers to provide an exit for MatlinPatterson, the private equity group that rescued it from bankruptcy, and...
...Huntsman family members and MatlinPatterson control 57 per cent of the stock and backed the Hexion offer. The group floated in 2005 at $23 a share....
...Texas Pacific Group and MatlinPatterson, two US private equity firms....
...VarigLog, sold six months ago to a consortium backed by Matlin Patterson, a US private equity firm, was the sole bidder in the auction....
...VarigLog, sold this year to a consortium led by Matlin Patterson, a US equity fund, offered $485m for 90 per cent of Varig’s shares....
...The deposit was made by VarigLog, the airline’s former cargo transport subsidiary sold six months ago to a consortium backed by Matlin Patterson, a US distressed equity firm....
...Last week a Brazilian judge gave a green light to a rescue plan from VarigLog, the airline’s former cargo subsidiary sold in January to a group led by Matlin Patterson, a US distressed equity firm....
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