In Play
Pfleiderer and Sunoco are shopping assets; Crisis Prevention Institute is on the block
September 12, 2011
Pfleiderer AG - North American assets
Pfleiderer AG, a Neumarkt-based manufacturer and wholesaler of contruction materials, was rumored to be seeking a buyer for its North American operations.
Sunoco Inc - 2 Refineries
The Philadelphia-based manufacturer and wholesaler of petroleum products announced that it was a seeking buyer for two of its refineries located in Philadelphia and Marcus Hook, Pa.
Crisis Prevention Institute
Riverside Co. is exploring a sale of its Crisis Prevention Institute Inc. unit, a Brookfield, Wisc.-based provider of crisis prevention training services.
Alcentra Group
Bank of New York Mellon has reportedly pulled the sale of its Alcentra unit, which manages $17 billion in collateralized loan obligations and other vehicles that contain leveraged loans and high yield bonds, according to a Bloomberg report. Bank of New York Mellon hired Credit Suisse to find a buyer for its Alcentra unit last month. Alcentra, which has been a subsidiary of BNY Mellon since January 2006, is 4.5% owned by its employees. A Credit Suisse spokesman declined to comment. A Bank of New York representative was not immediately available for comment.
Get more "In Play" news from Tomorrow's Deals, featured in our September 2011 issue.
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