The number of IPOs and global mergers stalls in summer slowdown.
Chesapeake Energy Corp plans to sell its pipeline and related assets to Global Infrastructure Partners for more than $4 billion.
Private equity funds Sator and Palladio Finanziaria have revised their offer to rescue troubled Italian insurer Fondiaria-SAI proposing a capital increase of no less than 800 million euros. The funds said in a joint statement they would subscribe to 400 million euros of the planned cash call at a price of 2.0-2.5 euros per share. […]
Milestone Partners has completed its acquisition of Southern Management Corp. Milestone, the management team of Southern and other co-investors provided equity capital for the transaction, while Wells Fargo Bank, N.A. provided a senior credit facility. Specific financial terms were not released. PRESS RELEASE Milestone Partners is pleased to announce that on May 31, 2012, it […]
Private equity-backed Domus Holdings Corp. filed with the U.S. regulators to raise up to $1 billion in an initial public offering of its common stock. The real-estate broker, which franchises brokerage brands like Century 21, Sotheby’s International Realty and Better Homes, did not reveal how many shares it plans to offer and their price. Domus […]
Silicon Valley looks to get the good times rolling again with its bread and butter.
Carl Icahn increased his stake in truck and engine maker Navistar International Corp. to 11.87 percent, from the 9.99 percent the activist investor had reported in November. Icahn had pushed for a merger between Navistar and rival Oshkosh. Oshkosh management and shareholders rejected the idea. (Reuters) – Carl Icahn increased his stake in truck and […]
Walker & Dunlop Inc., which provides commercial real estate financial services, will buy lender CWCapital for $220 million to increase its servicing portfolio. CWCapital is a subsidiary of CW Financial Services LLC, which is wholly owned by asset manager Fortress Investment Group. The purchase price will include $80 million in cash and about $140 million […]
Goldman Sachs, The Carlyle Group, and Riverstone Holdings will sell 63 million of their common shares of publicly Houston-based Kinder Morgan, one of the largest energy companies in North America. The private equity firms participated in a buyout of Kinder Morgan in 2006, led by founder Richard Kinder. The company went public again in February 2011. […]
As part of its continued migration from a renewable-energy-only, North America-focused private equity fund to a broad energy investor, New York-based Good Energies Capital announced today that it is changing its name to Bregal Energy. PRESS RELEASE: As part of its continued migration from a renewable energy only fund to a broad energy investor, Good […]