Goodman Global Inc., a Houston, Texas-based manufacturer of residential and light commercial heating, ventilation and air-conditioning equipment, has filed for a $500 million IPO. The company was taken private in 2008 by Hellman & Friedman for $2.65 billion. It reports $1.85 billion in sales and $99 million in net income for 2009, compared to $1.88 […]
LONDON (Reuters) – Virgin Money, part of entrepreneur Richard Branson’s business conglomerate, has been excluded from the race for 318 branches being sold by Royal Bank of Scotland (RBS.L), sources familiar with the matter said on Saturday. Virgin had been one of four remaining bidders for what could rank as Britain’s sixth biggest bank, but […]
FRANKFURT (Reuters) – Sony Music (6758.T) said it is considering a bid for ailing British rival EMI [LNDONE.UL] on Sunday, while its main rivals deny any interest or decline to comment on their intentions . “We are in a position that allows us to seize every opportunity in the market – including EMI,” the head […]
NEW YORK (Reuters) – Access Industries, Russian billionaire Len Blavatnik’s holding company, has dropped out of the auction for Metro-Goldwyn-Mayer as the studio’s creditors meet with Hollywood experts to conduct due diligence on a standalone plan, sources familiar with the matter said. The lenders’ steering committee, led by JPMorgan Chase & Co (JPM.N), Highland Capital […]
NEW YORK (Reuters) – Two former Refco Inc directors have agreed to forfeit $39 million that prosecutors said is traceable to fraud at the now defunct futures and commodities broker. Edwin Cox, 63, and William Graham, 61, agreed to the forfeiture to resolve a civil forfeiture complaint filed on Thursday, U.S. Attorney Preet Bharara in […]
NEW YORK (Reuters) – Hospital operator HCA Inc, backed by buyout firms Bain Capital and Kohlberg Kravis Roberts & Co (KKR.AS), on Friday filed for an initial public offering of up to $4.6 billion, the biggest buyout-backed offering since the financial crisis began nearly three years ago. The filing comes as IPOs around the world […]
Erling Gustafsson is stepping down as president of AP6, a $2.4 billion Swedish pension fund. He will remain with the group until his successor is identified. www.apfond6.se
Jack Henry & Associates Inc. (Nasdaq: JKHY) has agreed to acquire iPay Technologies, an Elizabethtown, Ky-based provider of electronic bill pay solutions. The deal is valued at $300 million in cash, and is expected to close next month. Spectrum Equity Investors and Bain Capital Ventures recapped iPay in late 2006.
Jonathan Goldstein has joined Advantage Capital Partners as a managing director, with a focus on tax-incentive investing. He previously was an SVP with McCormack Baron Salazar. The firm also made several promotions: Charles Booker and Jeremy Degenhart to principal and Christopher Harris to senior associate.
Hain Pure Protein Corp. has agreed to sell its Kosher Valley brand to Empire Kosher Poultry for an undisclosed amount. HPPC is a joint venture between Pegasus Capital Advisors and The Hain Celestial Group Inc.