(Reuters) Private equity firm EQT’s lenders are meeting next week to discuss a 1 billion pound ($1.7 billion) underwritten loan as it moves closer to a bid for German publisher Springer Science and Business Media, bankers said on Thursday. The financing, one of biggest European leveraged loans of the year, marks the return of underwriting […]
American Airlines said it and other members of the Oneworld airline alliance along with private equity fund TPG are willing to invest $1.1 billion in Japan Airlines to prevent it defecting to Delta Air Lines and the rival Skyteam group of bidders. Delta has said that it and other SkyTeam members are ready to offer JAL a total financial aid package of about $1 billion, including a $500 million equity investment.
Commonwealth Capital Ventures, a VC firm with investments in software and software-based services, Internet and digital media, communications technology, and instruments and systems, hired J. Casey Gibbons and Joel J. Rodriguez as Associates. Gibbons was co-founder of NextPlay. Rodriguez was Senior Associate Consultant at Bain & Co.
Lanyon, Inc., a provider of content, bid and spend management solutions to the travel and hospitality industries, today announced that it has received $10 million in expansion funding from Frontier Capital. Frontier is a private equity firm providing growth equity to technology enabled business services companies.
H.I.G. Ventures invested in Triad Digital Media, LLC, a Tampa, FL-based online advertising services company. The deal value was not disclosed. The financing is Triad Digital Media's first institutional investment.
Maxam Opportunities Fund Limited Partnership and Maxam Opportunities Fund (International) Limited Partnership announced today that they have commenced an all-cash offer, through an acquisition entity, to acquire C.A. Bancorp Inc. (TSX: BKP) at a price of $1.22 per share.
* Has it really come to this? A groom has not updated his Facebook status at the alter (to "married" of course). * Lauren Silva Laughlin suggests that Carlyle Group is drunk on Booz Allen debt. * Blackstone Group cares about the students. Or their money, at least. The firm is building the tallest tower in London's financial district and it's a dorm. * Is Bloomberg Engaging in Bernanke Boosterism? *Ouch, November hurt. The U.S. employment report for the month should show a loss of 130,000 jobs, with the unemployment rate edging up to 10.3%. * Hedgie Phil Duff had a three-decade hot streak, and could have stopped there, but didn't. * I just made an investment, what do I do now? * John Denver, Bernie Madoff & Me, the musical.
(Reuters) – China Investment Corp, the country’s sovereign wealth fund, may invest up to 800 million euros ($1.2 billion) in British private equity firm Apax Partners [APAX.UL], the Financial Times reported on Thursday. The deal will be unusually structured, with Apax giving its investors the option of transferring yet-to-be-invested funds to CIC, the paper reported. […]
(Reuters) – Barclays Capital (BARC.L) has appointed Tim Broadbent to lead its U.S. Leveraged Loan Syndicate team, according to an internal memo, filling a gap left when Bill Hughes departed to join Citigroup (C.N). Broadbent will report to both Peter Toal, head of the bank’s U.S. Leveraged Finance Syndicate, and Tim Ritchie, head of Loan […]
(Reuters) – U.S. private equity firm Carlyle Group [CYL.UL] said on Thursday it had sold an office and commercial building in Hamburg to Deka Immobilien, Germany’s largest manager of property funds, for an undisclosed sum. The eight-storey Freshfields House, which is mainly rented to international law firm Freshfields Bruckhaus Deringer, was completed on Dec. 1, […]