MELBOURNE, May 21 (Reuters) – Troubled drug maker Sigma Pharmaceuticals (SIP.AX) said on Friday it has received a $570 million takeover offer, the second Australian healthcare firm put into play in a week, and sending its shares up 47 percent. Sigma did not disclose the name of the bidder and advised shareholders to take no […]
EN Engineering, a portfolio company of Clearview Capital, has acquired Wheatland Systems Inc., a Lawrence, Kansas-based provider of services to the power and utility industries. No financial terms were disclosed.
David Bell, a professor of business and agriculture at Harvard Business School, has joined Paine & Partners as an advisor on the agribusiness and food industry.
Charlesbank Capital Partners and H.I.G. Capital have acquired eye care services company TLCVision out of Chapter 11 bankruptcy.
Charlesbank Capital Partners has sponsored a recapitalization of Tulsa-based cedar distributor Cedar Creek, in exchange for a majority ownership position. ClearRidge Capital advised Cedar Creek on the deal. No financial terms were disclosed.
As the high-yield market continues its mystifying robustness, our nervousness grows. Last week, we wondered what lenders and buyers were thinking in fueling all this activity. Today, at the Fourth Annual Debtwire Distressed Debt Forum in New York, we got our answer: Basically, the high-yield market is akin to that scene in Reservoir Dogs where five people are all aiming guns at each other. It turns out that the high-yield market's record activity is real, but it also disguises some cautiousness and misgivings (whew). And yet, there is optimism! And yet, it is grounded by fear! Overall, it looks to us like a market in which lenders and buyers are paddling as fast as they can before all their raft is re-deflated. We rounded up some of the paradoxes we heard discussed at the conference this morning and contrasted them after the jump:
Stant Corp., a portfolio company of H.I.G. Capital, has acquired the assets of Expert Corp., a Romeoville, Ill.-based maker of evaporative emission canisters and front end carriers for the automotive industry.
Avolon, an aircraft leasing company, has raised $750 million in equity commitments from Cinven, CVC Capital Partners and Oak Hill Capital Partners,. It also has secured a $400 million warehouse debt financing facility.
SEOUL (Reuters) – A consortium by Korea Investment Corp (KIC) and China Investment Corp (CIC) is considering buying stakes in Chesapeake Energy Co (CHK.N), local media said on Thursday. While Chesapeake is set to issue $900 million worth of convertible preferred stock, KIC and CIC are in talks to acquire $300 million each, with Singapore […]
NEW YORK (Reuters) – As many as 20 bidders are interested in buying U.S. software company Novell Inc (NOVL.O), which has put itself up for sale and is this week accepting bids, the Wall Street Journal reported on Wednesday.Most or all of the companies expected to make serious bids are private equity firms, the Journal […]
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