BRUSSELS (Reuters) – Shares in Dexia (DEXI.BR: Quote, Profile, Research, Stock Buzz)(DEXI.PA: Quote, Profile, Research, Stock Buzz) fell sharply on Friday after the Belgian-French financial services group said it had agreed the sale of its troubled U.S. bond insurance subsidiary and launched a cost-saving drive following a heavy third-quarter loss. The world’s largest municipal lender, […]
Joshua Partners has acquired Medicia Corp., a Dayton, N.J.–based contract manufacturer of personal care care products, OTC drug preparations and private label products. No financial terms were disclosed.
Realogy Corp., a real estate services company owned by Apollo Management, has offered to exchange around $1.1 billion in existing bonds at a discount for new notes. The move is an attempt to stave off default, with the company saying in a regulatory filing: “There can be no assurance that we will not violate this […]
The Gores Group is in talks to sell Global Tel*Link Corp. to Veritas Capital and an affiliate of Goldman Sachs, according to LBO Wire. Credit Suisse and Wells Fargo are agenting the transaction, which is reported to include more than $200 million in debt financing. Global Tel*Link is a Mobile, Ala.-based provider of telephony services […]
Momentum Capital Partners has acquired Magnum Tunneling & Boring, a Houston, Texas-based infrastructure services company focused on heavy underground construction. No financial terms were disclosed. Focus Strategies advised Magnum on the deal. www.magnumboring.com
LONDON (Reuters) – Russian steelmaker Novolipetsk Steel (NLMK) (NLMKq.L: Quote, Profile, Research, Stock Buzz) (NLMK.MM: Quote, Profile, Research, Stock Buzz) cancelled a $2 billion loan following the company’s decision to terminate its acquisition of U.S. rival John Maneely Co from buyout firm Carlyle Group. The 364-day syndicated bridge loan, which launched to syndication in August […]
HONG KONG (Reuters) – London-based alternative investment manager Climate Change Capital plans to invest 5 billion yuan ($732 million) in environmental projects in China including industrial waste management and clean technology over the next two to three years. The firm, which has not yet put its capital to work in China, is also looking to […]
SHANGHAI (Reuters) – Blackstone Group LP (BX.N: Quote, Profile, Research, Stock Buzz) will not slow its investment in China despite the global financial crisis, as high economic growth and low valuations promise good returns, the private-equity firm’s greater China chairman Antony Leung said on Monday. “With the financial crisis, the valuations in China will be […]
LISBON (Reuters) – A group of investors led by Iberia’s leading private equity firm has bought Portugal’s largest wind power business, Enersis, from Australian investment company Babcock & Brown Ltd (BNB.AX) for 1.2 billion euros. Magnum Capital will take over a portfolio of wind farms with installed capacity of 515 megawatts and 156 megawatts under […]
NEW YORK, (Reuters) – Russian steelmaker Novolipetsk Steel (NLMK) has pulled out of a $3.5 billion agreement to buy U.S. rival John Maneely Co. from buyout firm Carlyle, the U.S. company said on Friday. The deal, struck in August, has looked on shaky ground since October when Washington, D.C. based-Carlyle sued Novolipetsk (NLMK) to complete […]