NEW YORK (Reuters) – Niska Gas Storage Partners LLC (NKA.N) priced shares in its initial public offering at the bottom of the expected range on Tuesday, just days after an unexpected selloff in U.S. markets. Niska sold 17.5 million shares for $20.50 each, raising about $358.75 million. It had planned to sell 17.5 million units […]
NEW YORK (Reuters) – A private equity deal for Fidelity National Information Services Inc (FIS.N), currently being negotiated, could be worth around $15 billion if a buyout is agreed, a source familiar with the situation said on Tuesday. Three big private equity firms have teamed up to bid for Fidelity National, sources familiar with the […]
HONG KONG (Reuters) – An investing arm of Goldman Sachs (GS.N) is in the final stages of an agreement to buy AXA’s $1.05 billion stake in Taikang Life, China’s No.4 life insurer, according to sources close to the matter. The auction pitted Goldman against private equity firms and Singapore’s Temasek Holdings. AXA (AXAF.PA) and Goldman […]
LONDON (Reuters) – Terra Firma Capital Partners has successfully raised 105 million pounds ($155.4 million) to stave off a bank foreclosure on British music group EMI, the Wall Street Journal reported on Tuesday. The newspaper, which quoted people familiar with the situation, said EMI had until Friday to inform lender Citigroup (C.N) that it had […]
Summit Partners has made a minority equity investment in OB Hospitalist Group Inc., a provider of Ob/Gyn hospitalist services to hospitals across the United States. No financial terms were disclosed.
MUMBAI (Reuters) - India's Godrej Consumer Products (GOCP.BO) is in talks with a clutch of private equity investors to raise $125 million, two sources with direct knowledge of the matter said on Tuesday.
The company is in talks with U.S. giants Carlyle Group [CYL.UG] and Blackstone (BX.N), as well as India's ChrysCapital and Standard Chartered Private Equity, the sources said.
Golden Gate Capital has agreed to acquire up to a 25% equity stake in jeweler Zale Corp. (NYSE: ZLC), via the purchase of common stock warrants. Golden Gate also is provided Zale with a new $150 million, five-year senior secured term loan.
HONG KONG (Reuters) – Chinese coking coal logistics company Winsway, partly owned by Hopu Investments, has appointed two banks for its up to $800 million initial public share offering in Hong Kong, sources close to the deal said on Tuesday. Winsway had hired Goldman Sachs (GS.N) and Deutsche Bank (DBKGn.DE) to finalise plans for its […]
NEW YORK (Reuters) – Interest in bankrupt hotel chain Extended Stay America has been high and bidding is expected to be robust, financial and legal advisers said on Monday. Bids for the largest owner and operator of mid-priced extended-stay hotels in the United States are due on May 17 and an auction is scheduled for […]
NEW YORK, May 10 (Reuters) – HCA Inc’s planned initial public offering is likely to be positive for the hospital operator’s credit spreads and ratings, as the company plans to use proceeds to pay down debt, though the road to investment grade will take more time. HCA, which is backed by buyout firms Bain Capital […]