The Carlyle Group and other owners of Turkish hospitals group Medical Park are considering a sale, or initial public offering, of its business, Reuters reported. A sale could value the company at up to $600 million, Reuters said. Carlyle took a 40% stake in Medical Park in 2009. Terms of that deal were not disclosed.
Ashton Kutcher, Jimmy Fallon, and that Annoying Brunette from Glee: Go ahead, you try and pick three people out of Hollywood more likely to wind up in the title roles for this eventual movie E-Memoriam: Robert H. Lessin passes away Lay the Points, They’ll Lay Off: The most likely companies to lay someone off this year Ready to Rumble: UK forces finally break out the heavy artillery to quell rioting
The Carlyle Group and Unison Capital will sell part of their investment in Japan's Covalent Materials, Reuters reported Wednesday. Taiwanese solar wafer maker Sino-American Sillicon Products Inc. is paying $451 million for the wafer unit of Covalent. Carlyle and Unison bought Covalent in 2007, paying $509 million in debt and equity, Reuters wrote.
New York-based middle market investor Alcentra has invested $11.5 million of subordinated notes and equity out of its third fund —BNY Mellon-Alcentra Mezzanine Partners –to help recap Casedhole Solutions, a Houston-based company that works with exploration and production companies, to which it offers perforating, pipe recovery, and logging services. Its partner in the recapitalization is […]
Demand Media, the California-based, listed online advertising company, acquired a pair of companies, it announced Tuesday. The company acquired Los Angeles-based IndieClick, an online advertising company, and RSS Graffiti, an advertiser that primarily engages consumers via Facebook. Double M Capital was the financial adviser and Sullivan & Triggs was the legal adviser to IndieClick in the transaction with Demand Media. Specifics on each deal were not publicized.
Harbinger Group, the listed holding company run by Philip Falcone, has raised $400 million in private stock issuances with funds affiliated with Fortess Investment Group, Providence Equity Capital Markets, Wilton Re Holdings, JHL Capital Group, DDJ Capital Management and Luxor Capital Group. Harbinger Group has raised $900 million over the last nine months.
Soltas Energy Corp., the New York-based portfolio company established by NY PE firm Barron Partners, has bought a majority stake in Sunergy America LLC, based in New Jersey. Specifics on the deal were not publicized. Sunergy America provides solar power services across the state of New Jersey. The company is evaluating additional markets for expansion.
One day after a major market selloff, many PE execs and bankers are reporting that things have returned to the status quo. The PE world didn't blow up Monday after the Dow Jones Industrial Average shed 600 points and the S&P 500 plunged nearly seven percent. In fact, several sources say it is too soon to say what effect the broad market sell-off and the S&P downgrade of U.S. debt would have on deals. Many PE execs don't think it will have any affect at all. "One day of delay does not mean anything in the PE business," a buyout exec said. "If there are real structural problems on financing they will not even exist unless delays become 'permanent' which takes a few weeks to establish."
Chicago-based private equity firm Wind Point Partners is dealing its Marshfield DoorSystems, a provider of doors and related products for commercial and architectural markets, to Masonite International Corp. in a deal where terms were not publicized. The PE firm had held the company for about 11 years; Reed Smith LLP acted as the exclusive legal advisor to Marshfield DoorSystems.
PKC Group has agreed to buy AEES from Platinum Equity. The purchase price consists of 109 million euros cash (US$155 million) and 1.25 million new issued PKC shares. Farmington Hills, Mich.-based AEES makes wiring harnesses for heavy and medium duty trucks in North America. The deal is expected to close by Oct. 1.