Wednesday, 23 July 2014
Last updated 1 hour ago
Apr 21 2010 | 2:20am ET
Paulson & Co. has taken a big stake in private equity firm American Capital, which is raising money to restructure its debt.
The New York-based hedge fund is buying about 13% of American Capital, part of a $295 million stock offering to institutional investors. Paulson is scooping up 43.7 million of the 58.3 million common shares on offer at a 5% discount to Friday’s closing price.
The deal will make the $32 billion hedge fund Bethesda, Md.-based American Capital’s largest shareholder.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…