HONG KONG (Reuters) – Chinese coking coal logistics company Winsway, partly owned by Hopu Investments, has appointed two banks for its up to $800 million initial public share offering in Hong Kong, sources close to the deal said on Tuesday. Winsway had hired Goldman Sachs (GS.N) and Deutsche Bank (DBKGn.DE) to finalise plans for its […]
Vitamin Shoppe Inc. (NYSE: VSI) filed to offer 5.5 million common shares in a secondary public offering. Sellers are expected to include private equity firm Irving Place Capital, which currently holds a 52.7% ownership position (14.25m shares). The retailer last fall raised $162.1 million in its IPO, pricing its shares at $17 a piece. Its shares […]
NEW YORK (Reuters) – Interest in bankrupt hotel chain Extended Stay America has been high and bidding is expected to be robust, financial and legal advisers said on Monday. Bids for the largest owner and operator of mid-priced extended-stay hotels in the United States are due on May 17 and an auction is scheduled for […]
NEW YORK, May 10 (Reuters) – HCA Inc’s planned initial public offering is likely to be positive for the hospital operator’s credit spreads and ratings, as the company plans to use proceeds to pay down debt, though the road to investment grade will take more time. HCA, which is backed by buyout firms Bain Capital […]
Colleen Palmer has joined turnaround firm Getzler Henrich as a Chicago-based managing director, with a focus on business development and financial restructuring engagements. She previously was with GE Commercial Finance. PRESS RELEASE Getzler Henrich, one of the nation’s leading turnaround and restructuring firms, has announced the appointment of Colleen Palmer as a managing director of […]
(Reuters) – Mexican restaurant chain Rubio’s Restaurants Inc (RUBO.O) said it agreed to be acquired by private equity firm Mill Road Capital LP for about $91 million in cash. The offer of $8.70 a share represents a premium of about 14 percent to Rubio’s Friday closing price of $7.66. Ralph Rubio, Dan Pittard and Rosewood […]
Apax Partners has agreed to acquire a 54.25% interest in TIVIT, a provider of IT and BPO services in Latin Americal, at an enterprise value of approximately $1 billion. Sellers include Votorantim Novos Negócios and Pátria Investimentos.
LONDON (Reuters) – Gatwick airport owner Global Infrastructure Partners (GIP) is preparing to raise a second $5-billion fund, a person familiar with the matter said, braving a still-tough market for infrastructure fundraising. GIP, the owner of London’s Gatwick and City airports, has already held informal discussions with existing and potential investors about its plans and […]
HONG KONG (Reuters) – Private equity fund CVC Asia Pacific won the auction for Acument Global Technologies Asian assets, a deal estimated to be worth more than $300 million, sources with knowledge of the matter told Reuters. CVC beat buyout funds Unitas and Kohlberg Kravis Roberts & Co for the assets, which Platinum Equity, a […]
NEW YORK (Reuters) – Goldman Sachs Group Inc. (GS.N) is close to a deal to provide financing of $2.2 billion to one of the groups bidding for mid-priced U.S. hotel chain Extended Stay, the Wall Street Journal reported on Sunday. It would provide the financing for the bidding group led by Starwood Capital Group, the […]