Private Capital

U.S. SEC lawyer Gellasch to leave for Senate investigative panel

WASHINGTON, July 29 - An attorney at the U.S. Securities and Exchange Commission who once helped craft legislative language for the "Volcker rule" and other major pieces of the 2010 Dodd-Frank financial reform law is returning to Capitol Hill.

RLPC-Telepizza dodges debt restructuring with new loan refinancing

LONDON, July 29 - Struggling Spanish pizza delivery business Telepizza is set to refinance existing loans with a new first lien loan and a new Payment In Kind (PIK) loan that will help it escape an expensive debt restructuring, banking sources said on Tuesday.

5:42pm BST

UPDATE 1-Ecclestone seeks to settle German bribery case

MUNICH, Germany, July 29 - Lawyers for Formula One boss Bernie Ecclestone held talks with German prosecutors on Tuesday to try to settle a bribery trial that threatens his grip on the motor sport.

5:27pm BST

"Smart pill" firm Proteus raises $172 million

July 29 - A U.S. biotech company pioneering tablets containing embedded microchips that can tell if patients have taken their medication has raised a further $172 million, showing investor interest in its ingestible and wearable technology.

Regulatory News, 3:45pm BST

SolarCity deal lights way for securitization

NEW YORK, July 29 (IFR) - SolarCity may have created a securitization blueprint for the future last week with a new trade that sidesteps worries about repaying tax credits if the underlying collateral goes bust.

Bonds, Regulatory News, 2:55pm BST

Talks held on settlement of Ecclestone German bribery case

MUNICH, Germany, July 29 - German prosecutors held talks on Tuesday with lawyers for Formula One boss Bernie Ecclestone over a possible settlement of his bribery trial.

Motor Sports, 2:54pm BST

Terra Firma's aircraft lessor Awas eyes $13 billion breakup-sources

NEW YORK, July 29 - Awas, the aircraft leasing company owned by British private equity firm Terra Firma, is working on a break-up that could value the Dublin-based lessor at roughly $13 billion, according to people familiar with the matter.

M&A, Regulatory News, 2:48pm BST

Electra rejects activist Bramson's call for strategy review

LONDON, July 29 - Electra Private Equity said it has rejected activist investor Edward Bramson's request to join its board and lead a strategy review of one of Britain's oldest private equity firms.

1:39pm BST

RLPC-EQT BvD buyout backed with 845 mln euros of loans

LONDON, July 29 - Banks have lined up an 845 million-euro equivalent ($1.14 billion) leveraged loan financing to back private equity firm EQT's acquisition of Dutch information provider Bureau Van Dijk Electronic Publishing (BvD), banking sources said on Tuesday.

12:44pm BST

BRIEF-EQT buys Dutch company information firm BvD

STOCKHOLM, July 29 - INVESTOR AB : * EQT VI acquires company information experts Bureau van Dijk Electronic Publishing Link to statement:

9:15am BST

Is U.S. economic patriotism hurting?

Any Americans believing that their country is being bought up by the Chinese might want to think again, according to the Vale Columbia Center on Sustainable International Investment.


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