Iris Dorbian
LS Power Equity Advisors has agreed to acquire approximately 3,500 megawatts of generation resources in the Southeastern U.S. from Calpine Corp. for $1.57 billion in cash. Among the facilities included in the transaction are Carville Energy Center in St. Gabriel, Louisiana; Hog Bayou Energy Center in Mobile, Alabama; and Santa Rosa Energy Center in Pace, Florida. The deal is expected to be completed in the second quarter of 2014.
Addison Group, a portfolio company of Trilantic Capital Partners, said Monday that it has acquired HireStrategy. No financial terms were disclosed. Based in Reston, Virginia, HireStrategy is a professional staffing firm.
Centerview Capital said Monday that it has hired Brian Ratzan as a partner in its consumer private equity business. Previously, Ratzan worked at Pamplona Capital Management where he served as a partner and head of U.S. private equity.
San Antonio-based RiverRock Energy said Monday that it has secured a commitment of $125 million from private equity firm EnCap Flatrock Midstream. According to the firm, the capital will be used to develop midstream solutions for oil and gas producers.
American Capital said Thursday that it has received $210 million from the sale of SPL Acquisition Corp to Shenzhen Hepalink Pharmaceutical Co. Ltd. Headquartered in Waunakee, Wisconsin, SPL Acquisition Corp is the parent company of Scientific Protein Labs, which specializes in cGMP biopharmaceutical manufacturing.
Sportsman's Warehouse Holdings, a portfolio company of Seidler Equity Partners, has launched its IPO of 12.5 million shares after pricing it at $9.50 per share. The stock began trading Thursday on the NASDAQ under the ticker symbol "SPWH." Credit Suisse and Goldman Sachs are the lead underwriters. Based in Midvale, Utah, Sportman's is an outdoor sporting goods retailer.
Punch Bowl Social - Austin, Texas has received $1.75 million from Coulton Creek Capital. Punch Bowl Social is an expanding restaurant and bar concept that also features bowling.
Financial services firm Cantor Fitzgerald has named Hardy Manges as managing director and co-head of municipal debt capital markets. Previously, Manges worked at Mitsubishi UFJ Securities where he served as executive director of municipal sales and trading.
Post Holdings said Thursday that it has agreed to buy Elizabeth, NJ-based food products provider Michael Foods from GS Capital Partners, Thomas H. Lee Partners and other owners for $2.45 billion. The deal is expected to close in the second calendar quarter of 2014. Barclays is advising Post on the transaction while BofA Merrill Lynch and Goldman Sachs are advising Michael Foods.
Global investment bank Moelis & Company has launched its IPO after pricing its 6.5 million shares at $25 per share. The stock began trading Wednesday on the NYSE under the ticker symbol "MC." Goldman Sachs and Morgan Stanley are the lead underwriters.