Temecula's PE Deal Is Off

McGeer, Bonnie
July 2009
Mergers & Acquisitions Report;7/13/2009, Vol. 22 Issue 28, p9
This article reports on the decision of a group of private equity investors to cancel the plan to invest 210 million U.S. dollars in Temecula Valley in California in 2009. The company attributed the decision to a failure to realize the investors' internal rate of return objectives. Chief Executive Officer (CEO) Frank Basirico said the bank would keep working to solve its capital woes.


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