Broker Center sponsored links

Michael Dell's MSD investor in National City-source

Mon Apr 21, 2008 6:04pm EDT
 
Email | Print | | Reprints | Single Page
[-] Text [+]

NEW YORK (Reuters) - MSD Capital LP, an investment firm that manages capital of Michael Dell and his family, is one of the investors in National City Corp (NCC.N: Quote, Profile, Research, Stock Buzz), a source familiar with the matter said on Monday.

MSD Capital is a significant investor in the $985 million private equity capital component led by Corsair Capital, this person said.

Michael Dell is chief executive of computer maker Dell Inc (DELL.O: Quote, Profile, Research, Stock Buzz).

National City, a large U.S. Midwest regional bank, said it is raising $7 billion of capital, slashed its dividend and posted a first-quarter loss.

(Reporting by Paritosh Bansal, editing by Gerald E. McCormick)

 

Help us advance this story. Provide relevant links or share your insights using our comment box. Please be considerate and help us by reporting any abuse you find. Reuters will delete comments that don't meet community standards.

Have a correction to this article? Email the editors

Featured Broker sponsored link

Editor's Choice

Photo

A selection of our best photos from the past 24 hours.  View Slideshow 

Most Popular on Reuters