(Reuters) – LyondellBasell said late on Thursday that it plans to raise $3.25 billion in debt, including an offering of senior secured notes, as the chemical company charts its course to emerge out of bankruptcy. The net proceeds from the sale of senior notes, coupled with borrowings under the term loan and proceeds from a […]
(Reuters) – Softbank Corp, Japan’s third-largest mobile phone operator, said it would invest in bankrupt rival Willcom Inc as it aims to expand its network and close the gap with NTT DoCoMo and KDDI Corp. Willcom, majority-owned by U.S. private equity firm Carlyle, last month filed for bankruptcy with 206 billion yen ($2.3 billion) in […]
Oaktree Capital Partners is preparing to take over Almatis, an alumina company based in Frankfurt, from Dubai International Capital in a debt for equity exchange worth $1 billion, Bloomberg reported. The plan will cut the company’s debt to $420 million. http://www.almatis.com/
Lineage Capital has sponsored a majoroity recapitalization of Bioreclamation Inc., a Westbury, N.Y.-based maker of control matrix material used by biotech and pharma companies in preclinical and clinical development. No financial terms were dislcosed. Mufson Howe Hunter & Co. advised Bioreclamation on the deal.
PHILADELPHIA (Reuters) – Mental health facilities operator Psychiatric Solutions Inc (PSYS.O) said it hired Goldman Sachs as its financial adviser after being approached by third parties about a possible acquisition of the company. The Wall Street Journal previously reported that private equity firm Bain Capital was in talks to buy the company, with Psychiatric Solutions […]
NEW YORK (Reuters) – Car parts maker Sensata Technologies Holding (ST.N) priced shares in its initial public offering at the bottom of the expected range on Wednesday. The company sold 31.6 million shares for $18 each, raising about $568.8 million. It had planned to sell 31.6 million shares for $18 to $20 each. Sensata makes […]
(Reuters) – Nelson Peltz, owner of U.S. restaurant chain Wendy’s/Arby’s Group Inc (WEN.N), is considering a bid for CKE Restaurants Inc (CKR.N), the New York Post reported, citing a source close to the process. Peltz’s Trian Fund Management — the owner of Wendy’s/Arby’s — is looking to buy CKE’s Hardee’s and Carl’s Jr. hamburger chains, […]
Fake it to make it: The Economist on counterfeits. (Economist) Women Still Missing from Top Jobs: A new gender gap report from the World Economic Forum finds women making progress in the workplace, but there remain too few in the boardroom and C-suite. (BusinessWeek) Tough Times for Porn: The lender which backed a $14 million acquisition of the domain name www.Sex.com (a URL that is, to my dismay, very near, keyboard-wise, to the website of the SEC) is being foreclosed upon. It's for sale. (Reuters) Speaking of Porn: CNBC has a special on the difficulties of retirement in the porn industry. Because they don't have 401Ks. Someone should tell CNBC that there are a lot of industries with no 401k plans. The difference here I guess is that one's application for an office job is generally not enhanced by an Adult Entertainment resume... (CNBC)
Leading Ridge Capital Partners has acquired Damage Recovery Systems Inc., a provider of returned goods management services and supply chain analysis for food and consumer packaged goods manufacturers. No financial terms were disclosed.
Here are some potential target ideas, rumored or official, to jumpstart your deal pipeline. Our sources are various news reports and the Buyouts “Seeking Buyers” list. Carlyle Group hired Goldman Sachs to explore exit options for Arinc Inc., a defense and aviation company, Bloomberg reported. Card Factory, a UK greeting card company, is for sale and has garnered bids from Permira, Cinven and Summit Partners. (Reuters) Marsh & McLennan Cos Inc is selling its security consulting business, Kroll, $1.3 billion, according to the FT. (Reuters) Forsys Metals Corp, which was looking for strategic options, said it has completed its review and invited a select group of interested parties to submit proposals on funding of its key uranium project. (Reuters)