HSH Nordbank
CatCap launches in Copenhagen with acquisition of DMC
Dansk Merchant Capital will contribute M&A capabilities and experience in raising equity
Cerberus- and JC Flowers-led consortium acquires HSH Nordbank
Non-performing loans valued at approximately €7bn will be acquired by the consortium separately
HSH Nordbank sale to be decided on Wednesday
JC Flowers owns a 5.1% in the bank and 94.9% is held by states of Hamburg and Schleswig-Holstein
Cerberus, JC Flowers to acquire HSH Nordbank
German daily reports that an informal agreement has been in place for several weeks
JC Flowers, Cerberus granted exclusivity in HSH Nordbank auction
Bidders have now been given a deadline to negotiate a deal with the federal state owners
HSH Nordbank receives final bids from PE firms
ARD's teletext service announces that confirmed and binding final offers have been received
HSH Nordbank final bids due Friday
Bank must be reprivatised by February as part of a bail out agreement from June 2013
HSH Nordbank attracts PE bids
PE firms Apollo, Cerberus and JC Flowers in the running to acquire the bank from federal owners
Oaktree in Torm restructuring deal
Deal supported by 92% of Torm creditors
Oaktree to take majority stake in Torm
Deal will see Oaktree provide a number of ships in return for equity
Banks take over Relacom from Altor
Altor’s portfolio company Relacom has been taken over by the banks after the investor agreed to sell its shares.
HSH chairman against PE holding stakes
HSH Nordbank's chairman Hilmar Kopper said in an interview with German magazine "Der Spiegel" that he does not want private equity companies to become shareholders of HSH.