Central Pacific Financial (CPF) is in discussions to raise money from some alternative asset managers to help acquire rival American Savings Bank FSB from Hawaiian Electric (HE), Bloomberg’s Gillian Tan and Matthey Monks report, citing people familiar with the matter. Central Pacific is mulling raising $1B to help facilitate the deal from investors including Warburg Pincus, Centerbridge, and Atlas Merchant, the authors note.
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Read More on CPF:
- Central Pacific in talks for funds to buy Hawaiian Electric bank, Bloomberg says
- Central Pacific Financial’s Upcoming Presentation Outlook
- Central Pacific Bank names Ralph Mesick as Chief Risk Officer
- Central Pacific reports Q2 EPS 58c vs. 53c last year
- Central Pacific Financial’s Upcoming Earnings Discussion
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