The operator of the Toronto Stock Exchange has agreed to support Maple Group's C$3.8 billion ($3.8 billion) buyout proposal after a prolonged takeover battle and a failed attempt to merge with the London Stock Exchange, Reuters reports.
Marine firm Siem Kapital and fund manager North Atlantic Value will pay 32 million pounds ($52 million) in cash to buy GTL Resources, the owner of an ethanol and bio-refining company, Reuters reported. Siem and NAV will pay one pound a share for GTL, which produces over one million gallons of ethanol per year through its subsidiary Illinois River Energy.
Private equity group CVC Capital Partners has made an offer for the insurance arm of Royal Bank of Scotland for about 4 billion pounds ($6.5 billion), Reuters reported, citing the Mail on Sunday. RBS Insurance, Britain's number one motor insurer trading under the Direct Line and Churchill Brands, is up for sale to appease European regulators after a taxpayer-funded bailout of RBS during the 2008 crisis left it 83 percent state-owned, Reuters wrote.
Zions Bank has joined in the senior financing to SCI Solutions. MidCap Financial continues to act as sole bookrunner, sole lead arranger, and administrative agent in the senior secured credit facilities of SCI Solutions, a portfolio company of The Wicks Group of Companies (The Wicks Group) and New Enterprise Associates (NEA).
BPV has completed a successful exit from Matrix Medical Network in a secondary buyout of the company to private equity firm Welsh, Carson, Anderson & Stowe. Matrix Medical Network is a provider of prospective health assessments for Medicare Advantage health plans. The company's nurse practitioners provide in-home assessment services for more than 45 health plans and medical groups in 33 states.
Data protection developer Imperva plans to hold its IPO on the New York Stock Exchange at a company value of $309-354 million in the second week of November. The underwriters, led by JPMorgan Chase Inc. and Deutsche Bank Securities LLC, along with RBC Capital Markets, Lazard Capital Markets, and Pacific Crest Partners, have an overallotment option to buy up to an additional 750,000 shares for $10.5-12 million. Two parties at interest, co-founders CTO Amichai Shulman and Mickey Boodaei also plan to sell 125,000 shares each in an offer to sell, for a total of $1.8-2 million.
MF-ed: MF Global seeks 11th hour buyer FtOrReEeSsT: Facebook stock auction goes down via SecondMarket (but, that really doesn’t matter) The Price is Wrong, Bob: Groupon may up IPO price The “No Duh!” Fee: Healthcare providers to up smokers’ costs Here’s to You! CalSTRS bonuses up on big gains Steve Jobs’ last words Problem Solved? The cleantech challenge Falling for VC: A http://www.guardian.co.uk/commentisfree/2011/oct/31/voices-of-finance-venture-capital-fundraiser?newsfeed=true captivated Scraping the Barrel: Too many start-ups, not enough funds Prime Time: Mendix start-up first round in the bag Blog Happy: Blogging value soars in top 25 most valuable list Boosting Women in Bio: Greater Boston targets the fairer sex in biotech hotbed
It turns out that the Carlyle Group may not be playing hard to get. Earlier this week, Daniel D’Aniello, one of Carlyle’s three co-founders, said that the global buyout shop may choose to stay private because the markets aren't friendly. D'Aniello made the comments at the Quebec City Conference in Canada. Now I wasn't there, but I'm told that D'Aniello, in answer to a follow-up question, said that Carlyle “might stay private for another 25 years.” Some are claiming that the Carlyle co-founder, when he said the PE firm may stay private, was joking. D'Aniello laughed, the audience laughed. A merry time was had by all. If D’Aniello was kidding, does this mean anything for my poll? No. Volatility has pretty much shut the IPO market and Carlyle's offering doesn't look like it's coming anytime soon.
Sterling Partners is paying $46 per share, or $590 million, to buy MOSAID Technologies Inc., the company announced Friday. The offer represents a 45.3% premium to the company’s closing price in August. MOSAID licenses patented intellectual property in the areas of semiconductors and communications, and develops semiconductor memory technology.
The Carlyle Group is playing hard to get. This week, Daniel D’Aniello, one of Carlyle’s three co-founders, said that the global buyout shop may choose to stay private because the markets aren’t friendly. At first glance, this announcement isn’t all that jarring. Companies often file with the SEC to go public and just sit in […]