LONDON (Reuters) – British private equity firm Terra Firma said it has bought Everpower Wind Holdings in a deal that a source said was worth around $350 million, looking to tap into the growing renewable energy sector. The capital injection will help U.S. wind energy business Everpower finance its development pipeline, the companies said, without […]
Ashworth College, a Norcross, Ga.-based provider of secondary and post-secondary distance education program, has raised an undisclosed amount of growth equity funding from Sterling Partners.
NEW YORK (Reuters) – The bankrupt publisher of Reader’s Digest won court approval on Tuesday to access some of the $150 million in funding it has lined up to continue operating while it reorganizes. Reader’s Digest Association Inc was allowed by Judge Robert Drain of federal bankruptcy court in Manhattan to tap into a first […]
Leverage is Back! Is Warner Chilcott's highly leveraged deal for P&G's pharma business a good thing? (Felix Salmon, Research Recap) More New Lenders: The former head of Carlyle's leveraged finance division is hanging his own shingle. (Bloomberg) IPO Fever Cont... More private companies are going public-and the new companies are outperforming blue chips. (Businessweek) Extra! Extra! The Wall Street Journal is trying too hard to break a big story. (Business Insider) In Defense of the MBA: A University of Washington professor argues that the degree isn't the problem, it's the solution-to poorly run companies, unethical managers, and a crippled economy (BW)
The FDIC will vote tomorrow afternoon on new rules governing private equity investment in banks. No one yet knows exactly what they'll be voting on, except that they'll be more lenient than an initial draft and more rigorous than current regulation. Here are some thoughts, from a Reuters Insider piece I taped earlier today:
(Reuters) – United Spirits (UNSP.BO), the world’s third-largest spirits maker by volume, has called off talks to sell a stake to Diageo (DGE.L) but discussions with private equity firms were continuing, a top official said. The firm decided to stop discussions with Diageo, the world’s largest spirits group, after it sold shares worth almost $190 […]
TORONTO (Reuters) – JLL Partners is not in talks to sell its majority stake in Canadian drugmaker Patheon (PTI.TO: Quote) to Switzerland’s Lonza (LONN.VX: Quote), a JLL partner said on Monday, saying it was the wrong time to cash out. Lonza launched a $460 million bid for Patheon on Friday, driving shares up nearly 30 […]
Camber Corp., a Huntsville, Ala.-based provider of IT, engineering and training services to federal government agencies like the DoD, has acquired i2S Inc., a Columbia, Md.-based intelligence analysis and solutions firm. No financial terms were disclosed. Camber Corp. is a portfolio company of New Mountain Capital.
Healthland, a provider of healthcare information solutions for small community and critical access hospitals, has acquired American Healthnet, an Omaha, Neb.-based provider of healthcare information systems for hospitals. No financial terms were disclosed. Healthland is a portfolio company of Francisco Partners.
York Label, an Omaha, Neb.-based provider of labeling and packaging solutions to the consumer products, pharma and food and beverage segments, said that it has purchased $32 million of its senior and subordinated debt, in partnership with existing sponsor Diamond Castle Holdings.