(Reuters) – Stallion Oilfield Services, a Houston, Texas-based oilfield services company, filed for Chapter 11 bankruptcy protection, hurt by a fall in the use of land-based drilling rigs and increased natural gas supply in the United States. In a filing with the U.S. Bankruptcy Court for the District of Delaware on Monday, Stallion and 17 […]
HONG KONG/SINGAPORE (Reuters) – Minzhong, a leading Chinese food processing company backed by Singapore’s GIC and buyout fund Olympus Capital, has hired JPMorgan (JPM.N) to help it go public, sources said on Monday. It would be Singapore’s largest IPO since June 2008. Minzhong, based in the southern Chinese province of Fujian near Taiwan, aims to […]
SYDNEY (Reuters) – Australian renewable enery company Energy Developments Corp (ENE.AX) has receieved a takeover bid from private equity group Pacific Equity Partners, which values Energy Developments at A$415 million ($380 million) on a fully diluted basis. Energy Developments said in statement on Monday it had allowed Pacific Equity Partners to carry out due dilligence. […]
Gustavo Eiben has joined Auroes Capital as head of North American investor relations. He previously was with J.P. Morgan Chase, and before that with Schroder Ventures US and UBS. www.aureos.com
ArcLight Capital Partners LLC has acquired the remaining 50% interest in black oil facility Houston Fuel Oil Terminal Company LLC from Motiva Enterprises. No financial terms were disclosed ArcLight acquired its initial 50% interest in HFOTCO in October 2007 from Chartco LLC.
LONDON (Reuters) – British bus and rail group Stagecoach (SGC.L) has made a 1.65 billion pound ($2.7 billion) all-share merger proposal to rival transport operator National Express (NEX.L), The Sunday Telegraph reported. The newspaper cited a letter written by Stagecoach Chief Executive Brian Souter and Chairman Robert Speirs to National Express Chairman John Devaney proposing […]
Pegasus Tower Development Co., a portfolio company of Primus Capital, has sold ten multi-tenant wireless communications towers. No financial terms were disclosed. PRESS RELEASE Pegasus Tower Development Company, LLC (“Pegasus”), a Primus Capital Fund V portfolio company, has completed the sale of ten multi-tenant wireless communications towers. The sale was part of the initial investment […]
NEW YORK (Reuters) – An investigation by California’s giant public pension fund into fees paid by outside money managers is raising new questions about Leon Black’s private equity firm Apollo Management. The last time the billionaire investor was swept up in a major controversy was in the 1980s. As a senior banker at Drexel Burnham […]
NEW YORK (Reuters) – Two more companies backed by private equity firms have submitted plans to go public, as buyout firms seek to take advantage of the stock market rally to unload portfolio companies. Global Geophysical Services Inc, which provides technology that collects seismic data for oil and gas industry, is seeking up to $150 […]
TORONTO (Reuters) – Cossette Inc (KOS.TO), one of Canada’s leading advertising and marketing companies, and the subject of a hostile takeover bid, is drawing the attention of other potential bidders, but has no firm offers yet. Cossette said in a statement on Friday it had received several written expressions of interest from third parties, and […]