Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Crestview May Sell Munder Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, June 27, 2013

Crestview May Sell Munder

News summary by MFWire's editors

Crestview Partners is looking to sell Birmingham, Michigan-based Munder Capital Management [profile] in a deal that could be valued at up to $400 million, Jessica Toonkel from Reuters reports.

Toonkel reports that the PE firm has hired Goldman Sachs Group to run the sale process. Further, she writes that the most likely bidder for Munder would be a fund company that can merge in their funds.

Crestview joined with Munder's management to buy out the firm from Comerica in 2006 in a $302 million leveraged buyout deal.

The PE firm has been especially active in this space this year. In February, it backed the $246 million buyout of the $22.1 billion Cleveland-based Victory Capital.

Meanwhile in March, Crestview was also reported, again by Reuters, to be one of the potential bidders for Ridgeworth Investments.

MFWire took a gander at Crestview in this article.

The move can be taken as a sign that PE investors have been heartened by healthy growth in the equity markets, and may be looking to make other deals as well. 

Edited by: Tommy Fernandez


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use