Blackstone-Led Bid to Buy Fidelity Information Said to Exceed $15 Billion Blackstone Group LP, Thomas H. Lee Partners LP and TPG Capital are in talks to pay more than $15 billion including debt for Fidelity National Information Services Inc., said a person with knowledge of the matter.
Apollo, Centerbridge Said to Make Offers for Loan Servicer CW Financial Buyout firms Apollo Global Management LP and Centerbridge Capital Partners LLC made competing bids for CW Financial Services, parent of the second-largest manager of delinquent U.S. commercial real estate loans, according to two people with knowledge of the offers.
Temasek Invests in Chesapeake as Part of $1.2 Billion Spent on Resources Temasek Holdings Pte’s $500 million investment in Chesapeake Energy Corp. caps more than $1.2 billion the Singapore state-owned company has spent on energy and resources from the U.S. to India in the past six months.
Canadian Pensions Seen as Unlikely to Raise Spurned Offer for Transurban Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan are unlikely to raise their spurned A$7.2 billion ($6.4 billion) bid for Australian toll- road operator Transurban Group, analysts said.
Cerberus Faces 20% Walk-Away Fee as Buyout Targets Demand Costlier Terms Private-equity firms that paid pennies on the dollar to cancel deals during the credit crunch are finding the price of walking away has grown more expensive.
Bond Sales Dwindle as Europe Crisis Drives Investors Away: Credit Markets Europe’s sovereign debt crisis is punishing corporate borrowers, with bond issuance tumbling as investors doubt a $1 trillion bailout plan will be enough to bolster confidence in government finances for the region.
Transocean’s Biggest Investor Marsico Dumps Entire Stake After Gulf Spill Transocean Ltd.’s largest investor at the end of 2009, Marsico Capital Management LLC, liquidated its entire holding in the world’s biggest oil driller partly because of a fatal rig blast that triggered a Gulf of Mexico spill.
Cornell’s Departing Endowment Chief Plans to Start $150 Million Hedge Fund James Walsh, the departing endowment chief at Cornell University, plans to start a $150 million hedge fund with performance fees that are spread out over three years.
SkillSoft Plans Debt Sale as Leveraged Buyouts Increase: New Issue Alert  SkillSoft Plc, the provider of educational software for businesses, is marketing debt as acquisitions by private-equity firms accelerate.
New Jersey Investment Chair Kramer on Leave of Absence for Family Reasons Orin Kramer, chairman of New Jersey’s Investment Council, is taking a leave of absence for family reasons, according to acting chair Jonathan Berg.
Apollo’s Ceva Said to Pull Request for More Time to Pay $950 Million Loan Ceva Group Plc, the world’s largest transporter of auto parts for carmakers, scrapped a plan to extend about 750 million euros ($954 million) of loans as lenders retreat amid Europe’s sovereign debt crisis.