News and Analysis

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”) […]
The private equity industry is fighting back against the deluge of bad press caused by Mitt Romney's presidential campaign.
(Reuters) - Blackstone Group LP, the largest publicly listed alternative asset manager, reported lower fourth-quarter earnings as performance fees declined, but management fees increased as its assets grew to a record $137 billion. Since 2007, when Blackstone raised $4.7 billion in an initial public offering, it has had to serve two constituencies -- its limited partners, such as pension funds and endowments, that invest in its funds, and its public stockholders.
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