Common Resources LLC, an oil and gas exploration company, has been sold in a pair of transactions totaling $805 million. EXCO Resources Inc. (NYSE: XCO) and BG Group PLC (LSE: BG.L) bought Common’s Haynesville assets for approximately $446 million, while Talisman Energy Inc. (NYSE: TLM) bought Common’s Eagle Ford assets for approximately $359 million. Common Resources was founded in 2007, and backed by EnCap Investments, Pine Brook Road Partners and Soros Fund Management.
Denham Capital has agreed to sell Galveston LNG Inc. to the Canadian subsidiary of EOG Resources Inc. (NYSE: EOG). No financial terms were disclosed. Calgary-based Galveston LNG owns, via a subsidiary, a 49% interest in the planned liquefied natural gas (LNG) export terminal around 400 miles north of Vancouver.
Palamon Capital Partners has sold theme park Mobie Park Germany to Spanish entertainment operator Parques Reunidos. No financial terms were disclosed. Palamon acquired Mobie Park Germany in 2004, as one of six theme parks bought from Six Flags. It sold the other six in 2006.
H.I.G. Capital has acquired a control stake in First Capital, a Boca Raton, Fla.-based provider of asset-based lending and factoring to small and mid-sized companies. Participating alongside H.I.G. were affiliates of Morgan Stanley Alternative Investment Partners and JP Morgan Asset Management. No financial terms were disclosed.
CHICAGO (Reuters) – The Chicago Board Options Exchange, the biggest and oldest U.S. options market, is planning an initial public offering of at least $292 million, according to a regulatory filing on Tuesday. The planned CBOE offering comes as the U.S. market for IPOs is struggling. The Greek debt crisis and the May 6 unexplained […]
PARIS (Reuters) – The board of French protective clothing maker Sperian Protection (SPEP.PA) plans to announce its choice of a rival bidder to Cinven on Wednesday, a source familiar with the matter told Reuters. The offer will be presented at a shareholders meeting later on Wednesday, the source said. French holding company Menelas, owned by […]
MELBOURNE (Reuters) – Private equity firm Blackstone Group LP (BX.N) said on Wednesday it was setting up a presence in Australia to target attractive opportunities, joining other LBO firms in an island of solid economic prospects. “We are establishing a presence here to integrate the firm into the local business community, seeking opportunities to invest […]
Aurora Capital Group has acquired four Midwestern steel service center facilities, and merged them into a single entity known as New Star Metals. No financial terms were disclosed.
Ipreo, a provider of market intelligence and productivity solutions to corporations and I-banks, has acquired BuysideIQ, a provider of online investor targeting solutions. No financial terms were disclosed. Ipreo is majority-owned by Veronis Suhler Stevenson.
Nautic Partners has completed its previously-announced sale of Medegen, a Scottsdale, Ariz.-based developer of infusion therapy solutions, to CareFusion Corp. (NYSE: CFN). The deal was valued at $225 million in cash. Nautic reports that the deal provides it with a 3.5x cash-on-cash return.