Global Infrastructure Partners has agreed to acquire London Gatwick Airport from BAA Airports Ltd., for approximately £1,46 billion.
STR Holdings Inc., an Enfield, Conn.-based maker of solar power module encapsulants, has set its IPO terms to 12.3 million common shares being offered at between $13 and $15 per share. It would have an initial market cap of approximately $620 million, were it to price at the high end of its range. The company […]
Vicente Capital Partners has made an equity investment in U.S. Dermatology Medical Management Inc., an Irvine, Calif.-based provider of healthcare services for skin cancer treatment and other medical dermatological conditions. No financial terms were disclosed.
Vertex Capital Management has acquired skin care products maker Cosmedicine. No financial terms were disclosed. Cosmedicine will change its name to Costru Company LLC.
Stanford Management Co., investment manager for the Stanford University endowment, confirmed that it is considering a secondary sale of up to $1 billion of its private equity portfolio (plus related unfunded portions, pro rata). As peHUB previously reported, Stanford does not plan to sell majority stakes in its partnerships, but rather minority positions that would enable it to maintain relationships with its general partners. Cogent Partners is managing the process, although is not identified by name in the Stanford statement.
XOJet Inc., a private aviation company sponsored by TPG Capital, has secured $470 million in new funding. This includes $100 million in equity and a $370 million debt facility. TPG and Abu Dhabi-based Aabar co-led the deal. Last year, XOJet secured $2.5 billion in new financing to expand its fleet and better compete with rival NetJets (including approx. $85 million in new equity).
WASHINGTON (Reuters) – President Barack Obama said on Wednesday he was ready to shift the government bailout efforts from larger banks to smaller banks because small business owners still have too little access to credit. Obama said in prepared remarks announcing new small business lending initiatives and cheaper government capital for community lenders, that increasing […]
NTK Holdings Inc. (Nortek), a Providence, R.I.-based maker of ventilation, air conditioning and heating products, has filed for Chapter 11 bankruptcy protection. The move was expected, and is part of a restructuring agreement with its lenders. Nortek listed estimated assets of $1.65 billion and estimated liabilities of around $2.77 billion. THL Partners acquired NTK from Kelso […]
NEW YORK (Reuters) – Boutique investment bank Imperial Capital Group Inc is planning to raise as much as $150 million in an initial public offering. Imperial Group offers sales and trading services to institutional investors, a wide range of investment banking advice, and capital markets and restructuring services to middle market clients, according to a […]
HONG KONG (Reuters) – French insurer AXA (AXAF.PA) is in the early stages of selling its 15 percent stake in China’s Taikang Life Insurance Company, in a deal that could fetch as much as $1 billion, sources said on Thursday. The auction of AXA’s stake in Taikang underscores how little control over management decisions the […]