Financial software provider SS&C Technologies Holdings is eyeing GlobeOp Financial Services and has urged the hedge fund administrator’s shareholders not to accept a 508 million pound ($802 million) takeover offer from TPG Capital, writes Reuters. GlobeOp’s management said it would recommend TPG’s cash offer to its shareholders, the first step in the US buyout group’s […]
Sterling Infosystems, which is backed by Calera Capital, has acquired Acxiom Information Security Services. The seller was Acxiom Corp. Financial terms weren't announced. Acxiom Information Security is a background screening company.
Aquilex Holdings said Friday that it has financially restructured its debt and is now majority owned by Centerbridge Partners. Also, Aquilex CEO and President Bill Varner is retiring while Donovan Boyd was named chairman of the board. Rothschild provided financial advice to Aquilex, while Alvarez & Marsal was restructuring advisor. Aquilex provides maintenance, repair and industrial cleaning solutions to the energy industry.
Thompson Street Capital Partners announced Friday that they closed their third fund at $350 million. Investors for TSCP III mainly came from their second fund. St. Louis-based Thompson Street invests in service, manufacturing and distribution busineses.
French construction group Vinci and a partnership between U.S. private equity firm Carlyle Group and the Qatar Investment Authority are leading bidders for a 40% stake in Turkish airport operator TAV Havalimanlari Holding, Reuters reported Friday. TAV is valued at roughly $2 billion, Reuters wrote.
Some fresh links to go with your morning coffee, including Marc Andreessen's top tech tips for startups.
In what could be a boon for PE firms, President Obama is throwing his support behind natural gas extraction, AKA “fracking.”
Vincent Policard joins KKR as a director in the firm's infrastructure team. Policard, who will be based in London, will be responsible for originating and executing transactions in the European infrastructure sector. He joins from Morgan Stanley where he was part of the infrastructure fund team.
Some fresh links to go with your afternoon coffee, including a dispute between Punxsutawney Phil and Staten Island Chuck.
United Silver Corp., a mining company based in Vancouver, has finalized its agreement with New York-based private equity firm Hale Capital Partners, which has issued USC $6 million in secured convertible notes. Proceeds of the loan will be used for working capital and general corporate purposes. PRESS RELEASE: United Silver Corp. (“USC” or the “Company”) […]