Three Rivers Operating Co., an Austin, Texas-based upstream oil and gas company, has raised an undisclosed amount of private equity funding from the Riverstone/Carlyle Energy and Power Funds. Three Rivers also announced that it would purchase certain assets of Chesapeake Energy in the Permian Basin of West Texas and Southeast New Mexico.
Lone Star Funds has received shareholder approval to acquire hotel owner and operator Lodgian Inc. (NYSE: LGN) for approximately $270 million (including assumed debt). Under terms of the agreement, Lodgian stockholders would receive $2.50 per share.
Welsh, Carson, Anderson & Stowe has agreed to acquire a majority stake in GlobalCollect, an Amsterdam-based provider of local e-payment solutions for international customer not-present channels. The seller is General Atlantic. No financial terms were disclosed.
FRANKFURT (Reuters) – Private equity company Permira, owner of Hugo Boss, on Thursday dismissed market talk about a possible ownership change at the German fashion house. Boss shares had risen as much as 6.5 percent as traders cited talk that the Marzotto family, co-owners with Permira of a company that holds 55 percent of Hugo […]
Smile Brands Group Inc., a Santa Ana, Calif.-based provider of support services to dental groups in the U.S., has set its IPO terms to 7.35 million common shares being offered at between $16 and $18 per share. The company would have an initial market cap of approximately $350 million, were it to price at the […]
HONG KONG (Reuters) – Private equity firm TPG is planning to exit China Grand Automotive Services Co Ltd through a stock listing, and has hired China International Capital Corp (CICC) and Goldman Sachs (GS.N) as lead managers, people familiar with the process told Reuters. The size and timing of the offer is still uncertain, but […]
(Reuters) – Travel and tourism IT firm Amadeus aims to raise up to 1.36 billion euros ($1.86 billion) when it returns to the Madrid stock exchange on later this month in Europe’s largest IPO this year. Amadeus, with 2.46 billion euros of revenues in 2009, was delisted four years ago when BC Partners and Cinven […]
Silver Lake Partners has acquired a 60% stake in payment processing company Mercury Payment Systems, for an undisclosed amount.
TAIPEI (Reuters) – A problem over an indirect state shareholding that is stalling Carlyle Group’s $1 billion deal for a stake in mobile phone firm Taiwan Mobile (3045.TW) must be sorted out by the parties involved, a Taiwan regulator said on Wednesday. Carlyle’s plan to exchange its stake in Taiwan cable TV company Kbro for […]
FRANKFURT/LONDON (Reuters) – U.S specialty chemicals maker Lubrizol (LZ.N) has joined other potential bidders in talks to buy German additives group Cognis, a source close to the matter told Reuters. The Financial Times paper had earlier reported that Lubrizol had approached Cognis for talks about a takeover that could value the target at around 3 […]