Goldman Talks Loan to Alcatel, KKR Buys Alliant Insurance: Financial Business Review
Inside sources say that the network equipment supplier Alcatel-Lucent (NYSE:ALU) is in discussions with Goldman Sachs Group (NYSE:GS) in regards to a loan through which to reinforce the company’s unprofitable balance sheet. Terms under talks concern the bank awarding Alcatel-Lucent funding of an unreported amount while the firm would be required offer some assets as collateral. The sources added that an agreement has not yet been finalized.
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The top worldwide investment company Kohlberg Kravis Roberts & Co. (NYSE: KKR) will purchase Alliant Insurance Services, the largest specialty insurance brokerage company, from The Blackstone Group (NYSE: BX). The financials of the transaction were not reported. The management team and employees of Alliant own about 45 percent of the firm and will roll over a significant portion of their investment upon completion of the deal.
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