Deal lawyer Chris Manderson offers some important tips PE firms should follow to avoid ending up in a situation like the one EIG Global Energy is dealing with at Chesapeake Energy Corp.
Flexpoint Ford has agreed to buy GeoVera Insurance Group Holdings. Financial terms weren’t announced. The sellers were Friedman Fleischer & Lowe and Hellman & Friedman. GeoVera provides specialty residential property insurance. Aon Benfield Securities and SFRi provided financial advice to GeoVera. PRESS RELEASE GeoVera Insurance Group Holdings, Ltd. (“GeoVera”), a leading provider of specialty residential property […]
Silver Lake has agreed to buy a minority stake in William Morris Endeavor Entertainment. Financial terms weren’t announced. Press reports say Silver Lake’s stake is 31%. William Morris Endeavor Entertainment, of Beverly Hills, Calif., is a talent agency. PRESS RELEASE William Morris Endeavor Entertainment (WME), one of the world’s leading entertainment and media companies, and […]
The CIT Group provided a senior secured credit facility that backed United Recovery Systems’s buy of Enterprise Recovery Systems. CIT Commercial & Industrial served as sole lead arranger and administrative agent for the financing. Terms of the deal weren’t disclosed. United Recovery is a portfolio company of the Audax Group. PRESS RELEASE CIT Group Inc. […]
Joshua Tanzer has joined Houlihan Lokey as an MD and head of the private growth equity capital practice. Tanzer previously served as an MD in Morgan Keegan’s technology group. PRESS RELEASE Houlihan Lokey, an international investment bank, today announced that Joshua Tanzer has joined the firm as Managing Director and Head of the Private Growth […]
The Carlyle Group raises $671 million after pricing its IPO at $22 per unit.
Thanks to the Jobs Act, it looks like US companies won't be the only ones with access to more capital.
Women’s clothing retailer Ascena Retail Group Inc. will buy Charming Shoppes Inc. for $857.2 million in an all-cash deal that will expand its plus-size clothing portfolio, Reuters reported Wednesday. Ascena will pay $7.35 for every Charming Shoppes share – a 24.5 percent premium to the stock’s close on Tuesday. Charming Shoppes, which owns the Lane […]
Philadelphia-based middle market mezzanine debt and equity fund Boathouse Capital has backed Florida-based Energy Planning Associates. Boathouse Capital invested $6.0 million of subordinated debt, along with capital from EPAC’s founders and co-principals Mike Brennan and Jason Plourde. Wells Fargo provided senior debt financing. PRESS RELEASE Boathouse Capital, a middle market mezzanine debt and equity investment […]
Navis Capital Partners, through its private equity fund, Navis Asia Fund IV, is to sell its stake in Trimco International Holdings Limited, a global provider of garment label solutions, to fund manager Partners Group. Navis acquired its majority stake in Trimco in 2005 for US$11.1 million and the investment has generated US$111.4 million in exit […]