Prospect Global Resources, the Colorado based potash exploration and extraction firm, has entered into an agreement with New York-based, listed private equity firm Apollo Global Management in which Apollo will lend the company $100 million in the form of 10% convertible second lien notes with an option to purchase stock.
Once a private equity firm passes into zombieland, can it ever come back? J.W. Childs Associates may have something to say about that.
Just months after closing their $3 billion buy of TransUnion, Advent International and GS Capital are getting some of their money back.
The Carlyle Group is taking a $672 dividend from NBTY, which makes vitamins and nutritional supplements. Ronkonkoma, N.Y.-based NBTY said its parent company, Alphabet Holding Co., plans to issue and sell $500 million in notes. NBTY said it expects to use proceeds from the notes, plus cash on hand, to pay a cash dividend to […]
Blackstone has agreed to buy the Huamin Imperial Building in Shanghai, a source with knowledge of the matter told Reuters, an office tower which media reports say is valued at around RMB7 billion ($1.12 billion). The Huamin Imperial, a grade A office and 5-star hotel complex in Shanghai's Jing'an district, is 95 percent complete, and Blackstone will finish the construction and lease it out, Reuters reported.
Babson Capital Management said that it provided a combination of subordinated debt and equity to support the recapitalization of Northwestern Management Services. Linden Capital Partners recapped Northwestern Management, which is a a dental practice management company. Financial terms were not released.
Blue Sage Capital has exited its investment in R360 Environmental Solutions, selling the company to Waste Connections Inc. R360, based in Houston, Texas, is a provider of non-hazardous oilfield waste treatment, recovery and disposal services. Terms of the deal were not released.
The Canada Pension Plan Investment Board said it has agreed to buy a large stake in motorcyle racing group Dorna from private equity firm Bridgepoint. CPPIB said on Friday it would take a 39 percent stake in the business that has the rights to organise MotoGP events for an undisclosed sum, Reuters reported.
Industrial machinery maker Gardner Denver Inc. said it is exploring strategic alternatives including a potential sale or merger of the company, confirming a Reuters report earlier on Thursday. Gardner Denver said in a statement that its board of directors is working with its management team and financial adviser Goldman Sachs Group Inc. to evaluate options to enhance shareholder value.
Warren Buffett's Berkshire Hathaway Inc. won a bankruptcy auction for a Residential Capital LLC loan portfolio with a $1.5 billion bid, ResCap said on Thursday. Berkshire had been the opening bidder for the portfolio of 47,000 whole loans at $1.44 billion. A sale approval hearing is scheduled for Nov. 19 before the bankruptcy court, Reuters wrote.