John Grayken, founder of Lone Star Funds, has a record of generating more than 20 percent returns over two decades as the world’s biggest buyer of delinquent mortgages. What he doesn’t have is a designated successor.
Mirvac Group, Australia’s third- biggest diversified property trust by assets, will buy seven Australian office buildings for A$584 million ($589 million) from GE Capital’s local real estate arm, and will fund the purchase primarily with an equity raising.
Entravision Communications Corp., a Santa Monica, California-based Spanish-language media company, is seeking $405 million of loans to refinance debt and paydown bonds, according to a person with knowledge of the deal.
General Electric Co., whose Connecticut headquarters is about 35 minutes by car from the site of the Newtown school massacre, said it tightened rules against providing consumer financing to firearms retailers.
A former GE Capital associate with a fuchsia handgun on his $185 lilac tie gave out his business card near a Danish man twirling a Turkish woman. An American International Group Inc. employee left out his firm’s name when he said he works in risk.