NEW YORK (Reuters) – Lazard Ltd on Tuesday named insider Kenneth Jacobs as CEO and chairman, succeeding legendary Wall Street dealmaker Bruce Wasserstein, who died last month. The move was widely expected and signals the investment bank will keep its focus on businesses such as merger advisory and restructuring, analysts said. Jacobs, 51, has been […]
Stephenson’s Rental Services, a Toronto-based tool and equipment rental company, has acquired the general equipment rental assets of Oxford Builder’s Supplies, an Ontario-based division of EllisDon Construction Ltd.No financial terms were disclosed. Stephenson’s is a portfolio company of EdgeStone Capital Partners.
US Infrastructure and Metalmark Capital have partnered to acquire a majority interest in the Hilltop Resort Gathering System, which extends through Robertson and Leon Counties, Texas. The seller is Gastar Exploration Ltd. (AMEX: GST). No financial terms were disclosed.
Berry Plastics Corp., an Evansville, Ind.-based maker of plastic packaging products, has agreed to acquire Denmark-based Superfos Packaging Inc., for approximately $82 million. Berry Plastics is a portfolio company of Apollo Management and Graham Partners.
Susan Potok Harrison has joined Alternative Investment Management LLC as director of investor relations. She previously was director of investor relations with Quinlan Private.
TORONTO (Reuters) – Canada’s Cosmos Capital raised its takeover offer late on Tuesday for advertiser Cossette Inc (KOS.TO), matching a rival offer by a U.S. private equity group and saying it could go even higher. The offer valued Cossette at C$131.5 million ($125.1 million) and is the third attempt by Cosmos to take over Canada’s […]
SEOUL (Reuters) – Shares in South Korea’s No.2 cosmetics company LG Household & Health (051900.KS) leapt by their daily limit to a record high on expectations for its possible purchase of a smaller domestic rival. The Korea Economic Daily reported that LG Household was looking at THEFACESHOP, majority owned by private equity firm Affinity Equity […]
Fred Hassan has joined Warburg Pincus as a senior advisor, focused on the healthcare sector. He had served as chairman and CEO of Schering-Plough Corp. from 2003 until it was acquired earlier this month by Merck & Co.
NEW YORK (Reuters) – The U.S. Federal Reserve is looking into proposals for private investment in banks and may come up with further guidelines on how such deals could work, two prominent banking lawyers said on Monday. Such guidance could clarify under what circumstance and deal structures a private investor in a bank would be […]
CapitalSource Inc. (NYSE: CSE) has agreed to sell substantially all of its healthcare net lease portfolio to Omega Healthcare Investors (NYSE: OHI). The deal includes $280 million of cash and $51 million of OHI stock, with Omega also expected to assume or pay off $529 million of assumed debt.