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BUSINESS
December 25, 1987 | From Times Wire Services
A second attempt by Bally Manufacturing Corp. to sell its chain of health clubs has fallen through, blocking company plans to focus on its casino, gambling equipment and coin-operated machine ventures. Chicago-based Bally confirmed Wednesday that talks to sell its Health & Tennis Corp. chain to an investor group led by Citicorp Capital Investors Ltd., a unit of Citicorp, had broken off. Bally's stock was off 75 cents at $13.75 on the New York Stock Exchange. On Oct.
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BUSINESS
September 26, 1989 | MARIA L. La GANGA, Times Staff Writer
Food and tobacco giant RJR Nabisco Inc. took a big bite out of its debt troubles by selling its Del Monte processed foods business to an investor group headed by Merrill Lynch & Co. for $1.475 billion in cash, company officials said Monday. The Del Monte sale is part of a continuing program to cut the enormous debt that resulted from Kohlberg Kravis Roberts & Co.'s $25-billion leveraged buyout of the company early this year.
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BUSINESS
September 26, 1989 | MARIA L. La GANGA, Times Staff Writer
Food and tobacco giant RJR Nabisco Inc. took a big bite out of its debt troubles by selling its Del Monte processed foods business to an investor group headed by Merrill Lynch & Co. for $1.475 billion in cash, company officials said Monday. The Del Monte sale is part of a continuing program to cut the enormous debt that resulted from Kohlberg Kravis Roberts & Co.'s $25-billion leveraged buyout of the company early this year.
BUSINESS
December 25, 1987 | From Times Wire Services
A second attempt by Bally Manufacturing Corp. to sell its chain of health clubs has fallen through, blocking company plans to focus on its casino, gambling equipment and coin-operated machine ventures. Chicago-based Bally confirmed Wednesday that talks to sell its Health & Tennis Corp. chain to an investor group led by Citicorp Capital Investors Ltd., a unit of Citicorp, had broken off. Bally's stock was off 75 cents at $13.75 on the New York Stock Exchange. On Oct.
BUSINESS
May 12, 1987
The San Antonio firm said the unsolicited, $463-million bid was from an investment group including Church's former Chief Executive Richard F. Sherman, Stanley Faye, Shearson Lehman Bros. Holdings Inc., Citicorp Capital Investors Ltd. and C. Stephen Lynn. The company said the proposal was not in the best interest of its shareholders. Church's is the nation's second-largest fried chicken restaurant chain after Kentucky Fried Chicken.
BUSINESS
June 4, 1987
The deal to buy the national footwear retailer is worth $232.2 million, the Canton, Mass.-based company announced. Manuel Rosenberg, the company's chairman, president and chief executive, and Thomas J. Galligan III, senior vice president and chief financial officer and treasurer, lead the investment group. Citicorp Capital Investors Ltd. has agreed to finance the deal for the investors. The company said it agreed to the buyout.
BUSINESS
June 10, 1988 | From States News Service
Tigera Group of Belmont, Calif., last month settled two law suits filed against it by electing two directors to its board, according to a filing with the Securities and Exchange Commission. Tigera said it has already confirmed James S. Campbell as a director and has agreed to elect Peter G. Gerry to the board as part of a May 4 agreement resolving the claims of the lawsuits. Gerry is a senior vice president of Citicorp Capital Investors Ltd., according to the filing.
BUSINESS
September 25, 1989 | From Times Wire Services
RJR Nabisco Inc. said today that a group formed by Merrill Lynch & Co. has agreed to buy its Del Monte food business for $1.475 billion cash. The group also includes Del Monte senior management, Citicorp Capital Investors Ltd. and Kikkoman Corp. The latter, in addition to its equity investment, has agreed to purchase certain of Del Monte's assets in Asia, RJR Nabisco said.
BUSINESS
April 10, 1985 | Associated Press
Papercraft Corp., a leading maker of gift wrappings and artificial Christmas trees, said Tuesday that it will be acquired in a $240-million leveraged buy-out by a subsidiary of Citicorp and other investors that include Papercraft company managers. Papercraft will be bought by a new corporation to be formed by Citicorp Capital Investors Ltd., a group of institutional investors and certain members of Papercraft's management, Chairman Marshall P. Katz said.
BUSINESS
May 29, 1986 | NANCY YOSHIHARA, Times Staff Writer
W. R. Grace & Co., unable to consummate the sale of its 460 retail stores to an investor group headed by high-profile executives Harold S. Geneen and David J. Mahoney, said Wednesday that it is selling the stores to one of its executives. A spokesman for New York-based Grace confirmed late Wednesday that Bernard Kossar, senior vice president of the retail group, is heading an investor group that includes other unidentified Grace management members, Citicorp Capital Investors Ltd.
BUSINESS
July 13, 1989 | JAMES BATES, Times Staff Writer
A group headed by New York investor Lawrence J. Berkowitz said Wednesday that it has agreed to buy AME Inc., a Burbank company that is Hollywood's largest videotape post-production house, for nearly $100 million. The Berkowitz group, through a company called AME Holding Co., will pay $57 million for AME's 4.9 million shares and will assume about $42 million in AME debt that will be refinanced. Berkowitz emerged as a suitor for AME after Andrew M.
BUSINESS
May 5, 1987 | From Times Wire Services
Church's Fried Chicken, which has been the subject of takeover speculation in recent months, received a buyout offer valuing the company at about $469 million, the nation's second-largest fast-food chicken operation said Monday. The San Antonio-based concern received the offer from a private investment group that includes Church's former president and chief executive, Richard F. Sherman. Sherman resigned his positions in February after announcing an interest in buying Church's.
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