Vitamin Shoppe Inc. (NYSE: VSI) has priced its secondary offering of nearly 6.24 million shares at per share. Sellers were expected to include private equity firm Irving Place Capital, which held a 52.7% pre-offering position (14.25m shares). The retailer last fall raised $162.1 million in its IPO, pricing its shares at $17 a piece.
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.
Eric Fromme has joined Orange County law firm Rutan & Tucker LLP as senior councsel in the firm's bankruptcy/financial practices group. He previously was counsel with Hughes Hubbard & Reed.
NEW YORK (Reuters) – Healthcare revenue management company Accretive Health Inc (AH.N) priced shares in its initial public offering below the expected range on Wednesday. The Chicago, Illinois-based company sold 10 million shares for $12 each, raising about $120 million. It had planned to sell 13.33 million shares for $14 to $16 each. Accretive Health […]
SINGAPORE (Reuters) – Clean-energy project developer Sindicatum Carbon Capital hopes to launch a private equity placement worth $100 million by next month ahead of listing shares in the company, the group CEO said on Thursday. Singapore-based Sindicatum has 28 projects in China, India, Southeast Asia and the United States that aim to cut greenhouse gas […]
MOSCOW (Reuters) – The European Bank for Reconstruction and Development (EBRD) said on Thursday it would invest $50 million in a private equity fund-of-funds which will focus on investing in Russia, other ex-Soviet states and Turkey.The EBRD said the new fund Alpha Russia & CIS Secondary L.P., aims to raise up to $300 million. The […]
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 […]
LONDON (Reuters) – Private equity groups Doughty Hanson and Charterhouse are eyeing Unilever’s (ULVR.L) Italian frozen food unit, the Financial Times reported on Thursday. Sources close to the situation told Reuters Permira, which owns Birds Eye Iglo, and Lion Capital which runs Findus Group are expected to lead the bidding, while BC Partners and […]
MELBOURNE (Reuters) – Private equity groups TPG and Carlyle have raised their bid for Australian hospital operator Healthscope (HSP.AX) slightly to A$1.8 billion ($1.5 billion) trying to woo the board. The bidders do not plan to split the group’s hospitals and pathology arms, an industry source said, deflecting speculation among analysts that the group could […]