Lime Rock Resources has made two acquisitions: The Potato Hills natural gas field in southeast Oklahoma, and interests in wellbores in the Texas Gulf Coast region adjoining its existing New Years Ridge property. The combined deals were worth $113 million.
GTCR is in talks to acquire Athletic & Therapeutic Institute, an Illinois-based operator of 44 outpatient physical therapy centers, peHUB has learned. Sellers would include KRG Capital Partners and Norwest Mezzanine Partners. Jefferies is managing the process. Both KRG and GTCR declined comment. www.atipt.com
(Reuters) – Goldman Sachs Group (GS.N) has cut the $7.5 billion fundraising target for its second infrastructure fund by more than half after failing to secure enough commitments, people familiar with the matter said. The investment bank has been seeking money for the fund, dubbed Goldman Sachs Infrastructure Partners II, for two years and is […]
COPENHAGEN (Reuters) – Denmark may see four to five initial public offerings of shares in companies now owned by private equity funds in the next 18 to 24 months, the head of a Danish funds lobby group said, suggesting a new-found confidence in valuations. “Valuations have risen to levels that people are beginning to take […]
MUMBAI (Reuters) – LyondellBasell has rejected Reliance Industries’ (RELI.BO) offer that values the bankrupt U.S. petrochemicals group at $14.5 billion, Bloomberg said on Tuesday, a decision that could leave the Indian energy group having to look elsewhere for takeover targets. Reliance, controlled by India’s richest man, Mukesh Ambani, has said his company plans an aggressive […]
FRANKFURT/MUNICH (Reuters) – German industrial group Siemens (SIEGn.DE) is considering alternatives to disposal for its hearing aid unit because of low bids and may look at a tie-up or even growing it on its own. Board member Hermann Requardt told a general staff meeting on Tuesday Siemens was ready to explore distribution partnerships with retailers, […]
Hammond, Kennedy, Whitney & Co. has sponsored a recapitalization of NaturMed Inc., a Camp Verde, Ariz.-based developer and distributor of nutritional and health supplements. No financial terms were disclosed.
TA Associates has sold Advisory Research Inc., an asset management ifrm focused on equity strategies, to Piper Jaffray Companies. The deal was valued at approximately $220 million, including $180 million in cash and nearly $40 million worth of Piper Jaffray stock.
Berlin Packaging, a portfolio company of Investcorp, has completed its acquisition of All-Pak, a Pittsburgh-based packaging supplier. No financial terms were disclosed. The combined company is expected to have annual revenue of nearly $500 million.
Shannon Lowry Nagle has joined Fried, Frank, Harris, Shriver & Jacobson LLP as a New York-based partner in the law firm's bankruptcy and restructuring practice. She previously was a partner with O'Melveny and Myers LLP.