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Article: Mergers & acquisitions report: January 2009.(INVESTMENTS & FINANCE)(Report)
- Article from:
- Los Angeles Business Journal
- Article date:
- March 2, 2009
- Author:
CopyrightCOPYRIGHT 2009 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Amid a severe recession, the Los Angeles M&A market in January experienced its slowest month since the Business Journal began tracking local activity in July 2005. Forty-six deals were announced Still the value of the deals topped $15 billion--the second-highest total in the last years--salvaged by a single huge transaction. On Jan. 2, the F.D.L C. announced it sold the assets of failed Pasadena mortgage lender IndyMac to a consortium of private equity and hedge funds for $13. 9 billion. The next largest deal was the $560 million purchase of First National Bank of Nevada's mortgage portfolio by Private National Mortgage Acceptance Co. of Calabasas. The following is a list ...