Monthly Archives: May 2007

BSMB Appoints Industry Expert as Operating Partner

| May 30, 2007

Bear Stearns Merchant Banking (“BSMB”), a leading institutional private equity firm, today announced that it has added a new Senior Advisor, Phil Yates, an experienced executive in the global packaging industry. With 35 years of experience, Mr. Yates was most recently Chairman and Chief Executive Officer of Graham Packaging, a global provider of rigid plastic […]

Doral Announces Recapitalization Plan and Related Equity Investment

| May 17, 2007

Doral Financial Corporation (DRL) (“Doral” or the “Company”) announced today that it has entered into a definitive stock purchase agreement, providing for the sale by the Company of $610 million of Doral common stock for $0.63 per share to a newly-formed entity (“Doral Holdings” or “Holdings”), in which Bear Stearns Merchant Banking (“BSMB”) and other […]