(Reuters) – Business development company Fifth Street Finance Corp (FSC.N) said it began a public offering of 4 million common shares and expects to use most of the proceeds to make investments in small and mid-sized companies. Shares of Fifth Street fell 4.3 percent to $10.69 in trading after the bell. They closed at $11.17 […]
HONG KONG(Reuters) – CDH Investments, backed by Singapore’s sovereign fund and the World Bank, is raising a $1.4 billion private equity fund, its fourth fund targetting growth-stage companies in China, a source said on Tuesday. CDH, established in 2002 as a spin-off from China International Capital Corp, the investment banking joint venture one-third owned by […]
LONDON (Reuters) – Japanese brewer Suntory has made a binding bid for soft drinks maker Orangina Schweppes, its private equity owners said, in a sign buy-out houses may find it easier to exit investments. Suntory will pay 2.6 billion euros ($3.85 billion) for Orangina, two sources familiar with the situation said, allowing Blackstone Group (BX.N) […]
NEW YORK (Reuters) – Education Management Corp is set to price its planned $380 million IPO in early October and become the latest private equity-owned firm to go public during the current stock market rally. EDMC, which initially filed in December 2007 to go public, said in an updated prospectus filed on on Monday with […]
Palladium Equity Partners has acquired Capital Contractors Inc., a Melville, N.Y.-based based provider of janitorial and facilities maintenance services. No financial terms were disclosed, exept that Palladium provided both equity and debt.
Boeing (NYSE: BA) has named Andrew Ward as chief investment officer of its $65 billion pension system. He previously was managing director of investment strategy and asset allocation. Former Boeing CIO Mark Schmid left in June to become CIO of the University of Chicago.
We've already sold more than 120 tickets for our first-ever peHUB Shindig in Dallas, which is taking place on October 14 at the Uptown Bar & Grill. Cocktails & conversation with Big D's venture capital and private equity community. I'm expecting it to be sold-out by this time next week, so get yours today (ticket proceeds go to a local charity to be picked by event attendees). More info is available here, or you can just buy your ticket below:
NEW YORK (Reuters) – The UK’s leading maker of methadone, used to treat opiate addiction, has attracted interest from a number of private equity groups, the Financial Times reported on Sunday. Martindale Pharamceuticals was put up for sale by its parent Cardinal Health (CAH.N) in June, according to a transcript of a conference call the […]
Alexandra Jung has joined Oak Hill Advisors as co-head of the firm's European business. She previously was a managing director with Greywolf Capital Management.
WorldLynx Wireless, a Toronto-based acquisition platform focused on Bell Mobility independent wireless dealers across Canada, has raised an undisclosed amount of private equity funding from Mistral Equity Partners.