NEW YORK (Reuters) – Private equity firm TPG Capital has told investors that it plans to return $20 million in fees paid on its $19 billion buyout fund, a source familiar with the situation said on Wednesday. The firm told investors about its plans, reported earlier by the Wall Street Journal, at its annual conference this […]
NEW YORK (Reuters) – Energy Future Holdings has extended the deadline for early offers in its debt exchange, a massive debt restructuring that ran into opposition from bondholders, according to a company statement. The deadline for early tenders is now 5 p.m. (2100 GMT) Oct 23, New York City time, Energy Future Holdings said on […]
NEW YORK (Reuters) – AGA Medical Holdings Inc., a maker of devices for heart defects and blood vessel diseases, became the latest IPO to disappoint in its debut, rising only 0.7 percent in its first day of trade. AGA shares started trading at $14.50 on the Nasdaq, rose as much as 2.4 percent to $14.85 […]
LONDON (Reuters) – The private equity owners of Britain’s biggest bingo company, Gala Coral, are moving closer to agreeing on a debt restructuring deal with the company’s mezzanine lenders, two sources said on Wednesday. Junior-ranked lenders, led by Intermediate Capital Group Plc (ICP.L) and Park Square, and Gala’s private equity owners, Candover Investments Plc (CDI.L), […]
CHARLOTTE (Reuters) – Bank of America Corp (BAC.N) agreed to sell First Republic private bank to a group of private equity investors. A consortium of private equity firms, including General Atlantic Partners and Colony Capital, are part of the deal, with First Republic Chairman and Chief Executive James Herbert part of the winning bid, the […]
Charlie Mamrak has joined Chicago-based private equity firm Linden LLC as an operating partner. He previously was CEO of PML Microbiologicals.
LONDON (Reuters) – British buyout house Montagu Private Equity signed a debt restructuring deal late on Tuesday that will see it walk away from British packaging company Linpac, two sources familiar with the process said. Lenders will take on the business as a going concern, reducing the company’s debt by 320 million pounds ($529.3 million) […]
Corinthian Colleges Inc. (Nasdaq: COCO) has agreed to buy career college operator Heald College for $395 million in cash. Heald is minority-owned by Summit Partners, and operates nine campuses in Northern California, Hawaii and Oregon.
HealthPort Inc., an Alpharetta, Ga.-based provider of healthcare IT solutions to hospitals and health systems, has set its IPO terms to six million common shares being offered at between $14 and $16 per share. It would have an initial market cap of approximately $360 million, were it to price at the high end of its range. HealthPort is owned by ABRY Partners. www.healthport.com
Generac Holdings Inc., a Waukesha, Wis.-based maker of standby and portable generators, has filed for a $300 million IPO. It plans to trade on the NYSE under ticker symbol GNRC, with J.P. Morgan and Goldman Sachs serving as co-lead underwriters. CCMP Capital and Unitas Capital bought Generac for approximately $2 billion in late 2006. www.generac.com