(Reuters) – Sports and talent management agency Formation Group Plc (FRM.L) said on Tuesday it was in exclusive talks with Gresham Private Equity over some parts of its business, sending shares soaring over 40 percent. AIM-listed Formation, which counts pop impresario Simon Cowell and TV presenters Ant and Dec among its clients, said the private […]
Thanks to considerable drops in the stock market, private equity investors face the Denominator Effect, an issue Landmark Partners addresses in a new white paper. The Denominator Effect has caused overcommitted private equity investors to refrain from making new commitments or dramatically reduce their future investment page. The Landmark Partners white paper addresses why, in […]
Cat Trail Capital, a merchant bank based in Weston, Conn., plans to restructure its note with NuVision Inc. in a deal that will give the firm a 99% stake in the company. NuVision is a maker of LDC HDTV’s based in Scottsdale, Ariz. Press release: Cat Trail Capital, LLC, a merchant bank focusing upon private […]
(Reuters) – Denison Mines (DML.TO) said on Tuesday it has entered into an agreement with a syndicate of investment dealers which have agreed to buy, on a bought deal basis, 40 million common shares of Denison at a purchase price of C$2.05 per share. The deal will raise gross proceeds of C$82 million. The Canadian […]
(Reuters) – Shares of Allis-Chalmers Energy Inc (ALY.N) fell more than 20 percent, a day after the oilfield services firm set plans to sell about 35.7 million shares through a rights offering, to repay outstanding debt. The company said it plans to sell the shares to its current shareholders for $2.50 a piece, a 32 […]
Broker dealer Raymond James has purchased Lane Berry, a Boston and Danver-based investment banking business. No terms were disclosed. Press release: Raymond James Financial, Inc. announced today that it has acquired Lane Berry, one of the nation’s leading middle market investment banking and advisory firms. Founded in 2002 by former Donaldson, Lufkin & Jenrette (DLJ) […]
(Reuters) – The second largest shareholder of SumTotal Systems Inc (SUMT.O), which is currently at the heart of a bidding war between Accel-KKR and Vista Equity Partners, said it would not be surprised to see the “bid increase somewhat from this point”. “The reason they are rebidding for the No. 1 market share player in […]
(Reuters) – Wilbur Ross’s WL Ross & Co, Carlyle Group [CYL.UL] and Blackstone Group (BX.N) each took stakes of between 20 percent and 24.9 percent in Florida lender BankUnited, a source familiar with the group said on Friday. Centerbridge Capital’s stake is below that, while other investors are much smaller participants, the source said. U.S. […]
(Reuters) – Italy eyewear company Safilo SpA’s (SFLG.MI) talks with private equity funds on taking a stake in the company could slip beyond the end-June target for completion, a source close to the talks said on Friday. Any deal on a stake purchase, plus parallel talks between Safilo and its banks on a renegotiation of […]
(Reuters) – British bank Barclays (BARC.L) has sidelined private equity houses bidding for iShares, its exchange-traded fund unit, and is looking to sell its entire asset management arm instead if offers approach $12 billion. U.S. money manager BlackRock (BLK.N) and Bank of New York Mellon (BK.N) are among the interested bidders for Barclays Global Investors […]