Fifth Street Finance Corp. said Thursday that loan commitments on its three-year syndicated credit facility has increased to $215 million. ING Capital, which is leading the loan, is being joined by Deutsche Bank Trust Company Americas, Key Equipment Finance Inc. and Patriot National Bank on the facility.
The past 10 years have been a difficult time to be an Internet analyst on Wall Street. I worked on sell side research from 2004 though 2007, doing data acquisition deals and research sales at Majestic Research and DeMatteo Monness. By the end of my time on Wall Street, there were only a few large […]
European hotel group Accor SA is among those bidding for Shanghai Motel Management, a chain of motels majority owned by Morgan Stanley, Reuters reported. The deal could reach $1 billion, and has seen interest from Blackstone Group LP and Carlyle Group, which reportedly held talks with Accor about forming a bidding consortium for the Chinese […]
Rock Hill Capital Group has completed a majority recapitalization of Alpha Technical Services Corp., a Pasadena, Texas-based provider of specialized industrial cleaning and hazardous waste disposal services. Financial terms of the deal were not released. Formed in 2008, Rock Hill Capital is a private equity firm that targets investments in middle-market and lower middle-market companies.
Russian search engine company Yandex has picked Goldman Sachs, Deutsche Bank and Morgan Stanley to run a potential $1 billion initial public offering later this year, Reuters reported. Private equity firm Baring Vostock owns roughly 40% of the company, which aims to list on the Nasdaq market, Reuters said.
Warburg Pincus LLC and Vestar Capital Partners are close to a deal to buy Triton Container International Ltd from the Pritzker family, Reuters reported. The value of the deal could reach as high as $1 billion. Negotiations are in the “final stage,” Reuters reported.
Secret Meetings: Is the White House trying to keep Obama administration meetings with lobbyists shielded from the public? Supplier Issues: A screen maker for Apple’s iPhone sees workers sickened at China plant The JPMorgan Network: The mega-bank’s social media fund raises $1.2B already Expanding: Dunkin’ heads to India
Boston-based private equity firm Riverside Partners completed an investment in Pilgrim Software Inc., a Florida-based provider of enterprise software focused on compliance, quality, and risk management. Philip Borden, a general partner at Riverside Partners, worked on the transaction from the private equity firm.
Atlantic Street Capital, the Connecticut-based, lower middle market private equity fund, held its first close today, netting about $60 million of an expected $80 million Fund II, according to an individual familiar with the situation. The PE firm is using placement agent Ariane Capital partners and expects its second and final close to come this […]
KKR reported fourth quarter earnings today. Economic net income -- which represents income from fees, investment income minus expenses and gains on investments–-increased by 39% to $714.6 million for the quarter ended Dec. 31, 2010, up from $515.3 million for the same time period in 2009. Full-year ENI was $2.1 billion, up marginally from $2 billion in 2009. Assets under management hit $61 billion as of Dec. 31, 2010, up 9.9.% from $55.5 billion as of the previous quarter. This sorts out to $46.2 billion AUM for its private market segments (an increase of 10.3% from $41.9 billion as of Sept. 30, 2010) and $14.8 billion AUM for its public markets segment (up 8.8% from $13.6 billion the prior quarter).