MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, May 18, 2012 Why Did Walter Balk at the DWS Deal? Mark Walter's negotiations with Deustche Bank may have fallen apart because of a withdrawn guarantee. A week ago the German bank and Guggenheim Partners [profile] ended their exclusive negotiations for the private equity firm to buy DWS Americas [profile] and much of the rest of Deutsche's global asset management business for 1.4 billion euros ($1.78 billion), to focus solely on a real estate and infrastructure investing unit. Then Reuters reported that, according to one anonymous source, the larger deal talks collapsed after Deutsche Bank dropped an 800 million euro (i.e. $1.02 billion) five-year guarantee and Walter and his team responded by lowering their offer. Yet a Deutsche spokeswoman insisted to Reuters that that was not how things went down. "The characterization around the guarantee and price reduction is incorrect," the spokeswoman reportedly said. Printed from: MFWire.com/story.asp?s=40055 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |