(Reuters) – Private equity firm Carlyle Group CYL.UL is expected to pick JPMorgan Chase & Co, Citigroup Inc and Credit Suisse Group Ltd to lead its initial public offering, two sources familiar with the process said on Friday. Private equity firms are major clients for Wall Street banks, paying them millions of dollars in fees […]
Protective Industries’ management, a manufacturer of plastic protection products (“Caplugs”), Windjammer Capital Investors and ShoreView Capital Partners. Specifics on the transaction were not publicized. Choate, Hall & Stewart LLP acted as legal counsel to Windjammer. Caplugs was advised by Houlihan Lokey Capital, Inc. and the law firm of Sidley Austin LLP.
(Reuters) – It had all the signs of another dotcom bubble: A startup without a convincing business plan or any foreseeable chance of turning a profit saw its shares soar in the first hours after its stock market debut. The difference this time — one that cost some investors money but provided a measure of […]
Welcome to our new feature, TALK BACK, where the writers and editors of peHUB will engage with readers on a topical issue once a week. This week’s topic: the 500 shareholder rule. Yesterday, we reported that House lawmakers are considering expanding the 500 shareholder rule and eliminating certain parties from the new, increased threshold of […]
Scale Venture Partners and Lightbank, the tech investment fund launched by Eric Lefkofsky and Brad Keywell, were joined by New Enterprise Associates, Trinity Ventures and Anthem Ventures in a $23.5 million round of fundraising for Beachmint, a social commerce company for celebrity-created consumer products. Specifics on the transaction were not specified, but Sharon Wienbar, from Scale Ventures, will join the Olsen-twin-affiliated company’s board.
Schutt Sports, the portfolio company of Platinum Equity (the Tom Gores firm that just landed the Detroit Pistons), will buy certain football helmet and faceguard assets that belonged to Adams USA. Schutt will continue to develop the brand under the Adams name. Terms of the deal were not publicized.
(Reuters) – Private equity firm Leonard Green & Partners said it has teamed up with CVC Capital Partners to submit a proposal to buy BJ’s Wholesale Club Inc, the third-largest U.S. wholesale club retailer. Leonard Green and its affiliates, which also reported a 9.3 percent stake in the retailer in a regulatory filing, however, did […]
Four partners from Clifford Chance have bolted the law firm to join Weil, Gotshal & Manges. Ed Gander, Nick Benson, Nigel Clark and Jonathan Kandel resigned from Clifford Chance and will launch a funds formation practice for Weil, Gotshal in London.
Laredo Petroleum will acquire fellow Warburg Pincus portfolio company Broad Oak Energy in a deal valued at $1 billion, the companies announced Friday. The transaction is expected to close at the beginning of July. Broad Oak Energy is an oil and gas exploration and production company focused on the Permian Basin of West Texas. It was formed in 2005 and funded by Warburg Pincus in 2006. Laredo was formed in 2006 and is based in Tulsa, Oklahoma.
New Zealand’s Rank Group will pay $1.68 billion, or $25.50 per share, for Graham Packaging Co., Reuters reported. Rank Group won the race for the company against Silgan Holdings by raising its bid from $25 per share. Silgan did not counter bid.