Smarter than the Cops: Reuters tracks down key Olympus scandal figure We DO Know He’s Not a Very Nice Guy: But was DSK actually set up? Once Again: People are dying via a Craigslist introduction I Like Your Odds: Putin takes Russia presidential nomination Oh SNAP: WWD lays expose smackdown on downtown Tina Brown The New Andy Rooney: Vatican’s chief yahoo lays into stuff he doesn’t like/get French Lender Considers Sale: BNP Paribas may dispose of up to $700m PE assets
Coal-based urea producer China XLX Fertiliser Ltd has announced that Primavera Capital Group has agreed to subscribe its convertible bonds worth approximately US$51 million through a wholly owned subsidiary. The private equity fund will indirectly hold 14.97% of the company’s enlarged capital and become its third largest shareholder and largest institutional investor upon full conversion […]
Fulcrum Capital Partners has completed the management buyout of the mid market mezzanine lending and private equity investment operations of HSBC Capital (Canada). Fulcrum, led by Dave Mullen, Neil Johansen and John Philp, with an investment management team of 13, will manage over C$750 million in capital with a focus on providing flexible private equity, […]
The Ontario Teachers’ Pension Plan has cancelled plans to sell its 80 percent stake in Maple Leaf Sports and Entertainment Ltd, owner of Toronto’s big-league hockey and basketball teams, writes Reuters. Teachers suggested a possible sale of the stake in March, after several unsolicited expressions of interest, writes Reuters. (Reuters) – The Ontario Teachers’ Pension […]
Ted Forstmann, the billionaire private equity investor and philanthropist, died Nov. 21 of brain cancer. He was 71. He was viewed as a pioneer of the leveraged buyout and took over companies such as Dr Pepper and Gulfstream Aerospace through the private equity firm he co-founded, Forstmann Little & Co. He was also chairman and […]
Mobile operator Hutchison 3G is offering 1.4 billion euros ($1.87 billion) to buy larger rival Orange Austria, Reuters reported Friday. France Telecom owns 35% of Orange Austria, and private equity firm Mid Europa Partners owns the other 65%.
Peltz is feeling Devil-ish And if Stevie Cohen can sidestep insider trading charges, he can probably buy the Dodgers too Forget Black Friday: It’s Digital Everyday Out of Energy: Google bails on renewable energy plans Microsoft hearts Yahoo!
AXA Private Equity, a division of French insurer AXA that is being reviewed for sale, is planning more deals in the secondary market , one of its executives said on Thursday, according to Reuters. AXA PE is raising a new fund for this market of existing private equity investments, on which it has spent $3.4 […]
French private equity firm NiXEN is to to acquire a controlling interest in Babeau Seguin Group, a builder of single-family detached homes. Management is making a substantial re-investment in the business alongside historical financial partners Siparex (lead financier of the previous transaction), CM-CIC, Carvest and Somfy Participations. Pechel and Avenir Entreprises will also support the […]
The European Investment Bank (EIB) has granted Iberdrola a loan of 200 million euros ($267.4 million) to modernise its electricity distribution grid. The agreement was signed by EIB Vice-President Magdalena Álvarez Arza and Iberdrola’s Chairman Ignacio Sánchez Galán. The EIB loan will support Iberdrola’s 2011 investment programme in its domestic grid to include the construction […]