Deals Rumor Mill: Lloyd's, Blackstone, TPG

Law360, New York (July 8, 2013, 1:45 PM EDT) -- An investor group is being assembled to make a play for part of the U.K. government's 39 percent stake in Lloyd's Banking Group PLC, which was bailed out by the state in 2008 to the tune of £65 billion ($102 billion) after the financial crash, according to an unnamed Bloomberg source. Mervyn Davies, the former chairman of Standard Chartered PLC and current vice chair of New York private equity group Corsair Capital LLC, is said to be leading the charge. Lloyd's is coming off an aggressive...
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