LONDON (Reuters) – The remains of HBOS’s (HALp.L) investment portfolio could be sold this week with private equity group Coller Capital believed to be in pole position to buy what is left, reported the Sunday Times. The report said HBOS Integrated Finance, HBOS’s collection of investments in companies such as Vue cinemas and coffee chain […]
(Reuters) Global miner Anglo American said it had received “strong interest” in its zinc assets but would not confirm that Vedanta Resources (VED.L) and HudBay Minerals (HBM.TO) were the front-runners to acquire them. Britain’s Independent on Sunday reported that Indian-focused mining group Vedanta and Canadian miner HudBay were keen on buying Anglo’s zinc assets, which […]
Rajesh Khanna has resigned as a managing director in charge of Warburg Pincus' India operations. He reportedly will form his own firm and try to raise a private equity fund in excess of $250 million.
NEW YORK (Reuters) – Penton Business Media Holdings Inc, a publisher of 113 trade magazines such as Ward’s AutoWorld, Restaurant Hospitality and National Hog Farmer, won court approval of its reorganization plan, and expects to emerge from bankruptcy within a few days. Judge Arthur Gonzalez confirmed the New York-based company’s Chapter 11 plan on Friday […]
Sun Capital Partners has acquired Arch Aluminum & Glass Co., a bankrupt architectural glass and aluminum fabricator and distributor based in Tamarac, Florida. No financial terms were disclosed.
(Reuters) – Broadband services provider RCN Corp (RCNI.O) said it agreed to be bought by investment fund ABRY Partners for about $536 million, excluding debt, as private-equity firms return to the deal market. ABRY’s offer of $15 a share in cash is 22 percent more than RCN’s closing price on Thursday. Shares of the company […]
NEW YORK (Reuters) – Oil and gas exploration company Oasis Petroleum Inc filed for an initial public offering of up to $350 million on Thursday. Houston, Texas-based Oasis is an independent oil and natural gas exploration and development company. Most of the company’s business is focused in the Williston Basin in northeastern Montana and northwestern […]
MUMBAI (Reuters) – Indian conglomerate Essar Group is in talks to buy Trinity Coal from U.S. private equity firm Denham Capital for $550-$600 million, a source familiar with the matter said, as it looks to fuel its steel and power plants. Essar, controlled by billionaire brothers Shashi and Ravi Ruia, is looking to expand its […]
David Gove has joined Needham & Co. as a Menlo Park, Calif.-based managing director in the firm's Internet and digital media investment banking group. He previously was a managing director with Bank of America.
Evercore Partners has acquired a 49% stake in Atalanta Sosnoff Capital, which managing large-cap equity and balanced accounts for institutional, high net worth and broker advised clients. The deal includes a $69 million up-front cash payment, plus up to $14.7 million in earnout payments.