LONDON (Reuters) – French cable television operator Numericable said that it has increased the interest margin on a loan amendment request, the company said on Monday. Numericable is seeking to amend its loan to allow it to buy back debt and raise senior secured bonds but the original request was rejected twice despite extending deadlines. […]
HONG KONG (Reuters) – China Forestry Holdings Group, a forestry plantation operator backed by the Carlyle Group, plans to raise up to $203 million via an initial offering of shares in Hong Kong late this month. The company, also invested in by private equity firm Partners Group, is offering 750 million shares at a range […]
TOKYO (Reuters) – Citigroup Inc (C.N) said on Sunday it has agreed to sell its stake in Japanese telemarketer Bellsystem24 to U.S. private equity firm Bain Capital for 93.5 billion yen ($1 billion). Bain has been widely expected to buy Bellsystem24 after securing exclusive negotiation rights earlier this month. Sources had told Reuters last week […]
LOS ANGELES (Reuters) – Metro-Goldwyn-Mayer said on Friday it is exploring a potential sale of the company as the storied Hollywood studio struggles to deal with looming debt payments and come up with a long-term business plan. MGM, whose lenders extended a forbearance until January 31, said its other options include operating as a stand-alone […]
NEW YORK(Reuters) – Playboy Enterprises Inc (PLA.N) is in talks with Jim Griffiths, a former entertainment president at Playboy, and private equity firm Golden Gate Capital, to sell itself for about $300 million, a source familiar with the matter said Friday. Playboy declined to comment. Golden Gate Capital, which is in joint talks with Griffiths, […]
As usual, we have a week's worth of ratings agency actions on the debt of LBO-backed companies from Standard & Poor's and Moody's Investor Services. This was a ridiculously slow week for PE-backed debt (unless you count the Energy Future Holdings disappointment, which will surely change the company's ratings next week). This week there was just one downgrade and one withdrawal.
Premium Protein Products, a Nebraska-backed packing company backed by MatlinPatterson Global Advisers, has filed for Chapter 11 bankruptcy protection. The firm invested in the company in 2007, according to the Lincoln Journal Star.
Platinum Equity has completed its previously announced buyout of Pomeroy IT Solutions, Inc., a provider of information technology services, for $6.50 per share.
(Reuters) – Shares of consumer software maker Corel Corp (CRE.TO)(CREL.O) jumped 13 percent on Thursday after the private-equity firm that owns the majority of the company raised its buyout offer for the business. Vector Capital, through the Corel Holdings Limited Partnership that its affiliate controls, said it will now offer $4 a share, up from […]
The Riverside Company has acquired Precision Wire Components, a Tualatin, Oregon-based maker of wire used in medical procedures, from its founders for an undisclosed amount. The investment comes Riverside Capital Appreciation Fund V and the firm plans to use the deal as a platform. It marks Riverside's 12th deal this year.