NEW YORK (Reuters) – Goldman Sachs Group Inc. (GS.N) is close to a deal to provide financing of $2.2 billion to one of the groups bidding for mid-priced U.S. hotel chain Extended Stay, the Wall Street Journal reported on Sunday. It would provide the financing for the bidding group led by Starwood Capital Group, the […]
Goodman Global Inc., a Houston, Texas-based manufacturer of residential and light commercial heating, ventilation and air-conditioning equipment, has filed for a $500 million IPO. The company was taken private in 2008 by Hellman & Friedman for $2.65 billion. It reports $1.85 billion in sales and $99 million in net income for 2009, compared to $1.88 […]
LONDON (Reuters) – Virgin Money, part of entrepreneur Richard Branson’s business conglomerate, has been excluded from the race for 318 branches being sold by Royal Bank of Scotland (RBS.L), sources familiar with the matter said on Saturday. Virgin had been one of four remaining bidders for what could rank as Britain’s sixth biggest bank, but […]
NEW YORK (Reuters) – Access Industries, Russian billionaire Len Blavatnik’s holding company, has dropped out of the auction for Metro-Goldwyn-Mayer as the studio’s creditors meet with Hollywood experts to conduct due diligence on a standalone plan, sources familiar with the matter said. The lenders’ steering committee, led by JPMorgan Chase & Co (JPM.N), Highland Capital […]
KKR has agreed to invest around $164 million into an unlisted subsidiary of India's Dalmia Cement (Bharat) Ltd. The capital will be used to form India's largest private cement company.
Tregaron Capital has acquired the assets of Economic Modeling Specialists Inc., a Moscow, Idaho-based provider of employment data and economic analysis. No financial terms were disclosed.
NEW YORK (Reuters) – Americold Realty Trust (ACRE.N), backed by billionaire West Coast investor Ron Burkle, shelved its initial public offering on Thursday due to “market conditions,” according to a market source. The company, which operates chilled warehouses for fruit, vegetables and meats, had already delayed the offering and slashed its value by 7 percent […]
NEW YORK (Reuters) – Smile Brands Group Inc (GRIN.N), which provides support services for U.S. dentists, canceled its initial public offering on Thursday, according to an underwriter. The sponsor decided not to move forward with the offering as it would likely have priced at $14 per share, below the $16 to $18 range. The offering […]
(Reuters) – Pharmaceutical services provider InVentiv Health Inc (VTIV.O) said it agreed to be acquired by private equity firm Thomas H. Lee Partners for about $1.1 billion. THL Partners will pay $26 per share, a premium of 7 percent to InVentiv’s closing price Wednesday on Nasdaq. However, InVentiv shares had already risen 42 percent since […]
(Reuters) – Three big private equity firms have teamed up to bid for Fidelity National Information Services Inc (FIS.N), sources familiar with the situation said on Thursday, a deal that, if completed, would rank as the biggest leveraged buyout since the financial crisis hit. Blackstone Group (BX.N), Thomas H. Lee Partners and TPG Capital are […]