Riverstone Holdings has agreed to invest more than $800 million into Pattern Energy Group, a developer of wind and renewable energy projects.
Arborview Capital, SAIL Venture Partners and Huntington Capital have recapitalized Paragon Airheater Technologies Inc., a Corona, Calif.-based provider of products and services that reduce fuel consumption and carbon emissions in fossil fuel-fired power generation plants. No financial terms were disclosed.
LONDON (Reuters) – British private equity firm Terra Firma and Australian rival Pacific Equity Partners (PEP) are vying to acquire the landfill-gas unit of Britain’s Biffa, people familiar with the matter said. Terra Firma, Guy Hands’s buyout firm, already owns Britain’s biggest waste-to-energy firm, Infinis, while PEP owns a majority in Energy Developments Ltd (EDL) […]
Last week, we predicted that the return of club deals seemed imminent after a three-year hibernation. Not only because of the pending Fidelity National buyout, but also the coming auction fight over Royal Bank of Scotland's payment-processing arm. Our friends at Financial News seem to agree. Is this good news? Yes, according to some recent research from Oliver Gottschag, associate professor at HEC School of Management, and Bernd Kreuter of German consulting firm Feri Institutional Advisers. They found that club deals deliver far better returns than do single-sponsor deals. In fact, club-deals are 30% more likely than single-sponsor deals to deliver exits within five years. Gottschag and Kreuter compared the exits of 10,000 leveraged buyouts struck between 1980 and 2000. We, in turn, combed through their research to create a kind of DIY list for the best kind of club deals to guarantee an exit. The wisdom of science, after the jump:
SINGAPORE (Reuters) – Singapore state investor Temasek [TEM.UL] has bought a stake in Freeport-McMoRan Copper & Gold Inc (FCX.N) for nearly $32 million, according to a regulatory filing seen by Reuters. The stake purchase is its latest investment in the resources sector in which it has poured more than $1 billion in the last two […]
Mid Europa Partners has agreed to invest €60 million for an equity stake in Energy 21, a Czech developer and operator of solar power parks in Central and Eastern Europe.
Providence Equity Partners has agreed to buy Virtual Radiologic Corp. (Nasdaq: VRAD), an Eden Prairie, Minn.-based national radiology practice and developer of radiologist workflow technology. The deal is valued at $294 million, or $17.25 per share. Goldman Sachs advised VRC on the deal.
Francisco Partners has agreed to acquire EF Johnson Technologies Inc. (Nasdaq: EFJI), an Irving, Texas-based provider of secure communications solutions to organizations that protect and save lives. The deal is valued at around $27.8 million, or $1.05 per share.
LONDON (Reuters) – American Express Co has teamed up with UK private equity firm Permira to bid for Royal Bank of Scotland’s payment-processing arm, the Financial Times reported in its Monday edition. French software firm Atos Origin has also joined the private equity consortium of CVC Capital Partners and Welsh Carson Anderson & Stowe to […]
Summit Partners has agreed to acquire a majority stake in European online payment processing company Ogone SA/NV. No financial terms were disclosed.