Classified Ventures LLC, the media company backed by five newspaper publishers including Gannett Co. and McClatchy Co., is working with Moelis & Co. to seek a sale of its Cars.com website, said a person with knowledge of the matter.
Kenneth Moelis, who over 30 years as an investment banker has advised companies controlled by billionaires including Carl Icahn, Donald Trump and Steve Wynn, is preparing to take the firm he founded public as dealmaking rebounds to pre-financial crisis levels.
Moelis & Co., the advisory firm founded in 2007 by former UBS AG banker Kenneth Moelis, is exploring an initial public offering early this year, according to two people with knowledge of the preparations.
Eircom Group Ltd.’s second-lien lenders proposed writing off 71 percent of their loans, as they sought to avoid being virtually wiped out in a debt restructuring plan, two people familiar with the matter said.
Moelis & Co., the advisory firm founded by Kenneth Moelis, is seeking to set up a collateralized loan obligation business as issuance of the funds rises to the most since 2007, according to three people with knowledge of the plan.
Rural/Metro Corp., the bankrupt ambulance service, won a judge’s tentative approval for a lawsuit settlement that will distribute as much as $11.6 million to stockholders of record before a $438 million buyout in 2011.
Marsico Capital Management LLC, the asset manager led by Thomas Marsico, reduced its debt by more than half through a restructuring that cut management’s equity ownership to less than 40 percent, said three people familiar with the deal.