Latest news with #CenterbridgePartners
Bloomberg
09-06-2025
- Business
- Bloomberg
Centerbridge Seeks $1 Billion to Hold Canadian Bank for Longer
Centerbridge Partners aims to raise about $1 billion to give it more time to hold its minority position in Fairstone Bank of Canada, according to people familiar with the matter. The transaction is structured as a continuation fund, according to the people, who asked not to be named discussing the private fundraise.
Bloomberg
08-05-2025
- Business
- Bloomberg
Speedcast Mulls Breakup, Sale of Ground Stations Unit
Speedcast, a provider of satellite communications and information technology services, is considering a sale of its ground stations business for more than $1 billion, people with knowledge of the matter said. The company, which is backed by private investment firm Centerbridge Partners, is working with an adviser to look at options for the business, said the people, who asked not to be identified because they weren't authorized to speak publicly. Speedcast plans three separate auctions for its services, infrastructure and government agencies businesses, they added.
