Netherlands' NIB draws private-equity bidders

Article Abstract:

Cerberus Capital Management L.P. of the United States and an investment fund managed by Christopher Flowers have offered bids of approximately $2.38 billion for NIB Capital N.V. of the Netherlands. The two private equity offers are joining bids by Fortis N.V. of the Netherlands and a subsidiary of General Electric Co. of the United States for the investment company.

United States, Acquisitions & mergers, Netherlands, Financial management, Mergers, acquisitions and divestments, Finance, Company acquisition/merger, Company financing, Cerberus Capital Management L.P., Flowers, Chirstopher, NIB Capital N.V.

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British tax police look hard at hedge funds

Article Abstract:

British tax authorities have investigated the practices of Cayman Islands' GLG Partners Services Ltd., which distributes hedge funds for GLG Partners L.P. There are no personal or corporate taxes in the Cayman Islands, making it an attractive tax haven. Britain aims to recover $2 billion in lost hedge fund tax revenues .

United Kingdom, Legal issues & crime, Taxes, Cayman Islands, Taxation, Company legal issue, Investigations, Hedge funds

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