MCM To Be Spun Off To LBO Firm After Sale Of Parent
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Third-party commentary service provider McCarthy Crisanti & Maffei will be spun off to its shareholders when its parent, Van Kampen American Capital, is sold to Morgan Stanley. The asset management firm's controlling shareholder is Clayton Dubilier & Rice, an LBO firm. MCM will be 75 percent owned by CDR.
A source close to MCM says that while CDR has been shopping Van Kampen around, the LBO firm hasn't indicated that it wants to sell MCM. "I don't think there's any desire," says the source.
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