(Reuters) – Shares of Evertec Inc. rose as much as 10 percent in their market debut, valuing the payment processor at $1.75 billion. Apollo Global Management LLC, which acquired it from Puerto Rican lender Popular Inc. in September 2010, held a 51 percent stake in the company prior to the IPO.
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Shocker! PE-Backed Deal Value Actually Grew during First Half of 2012: Slideshow of the Year’s Biggest Deals
M&A during the first half of the year slumps but PE-backed deals deliver a surprise.
Top 10 Posts Feature “Scouts” in Silicon Valley, Busy Lives of Executive Assistants and Oaktree’s Disappointing IPO (not Facebook)
Trending on peHUB this week: Sequoia Capital, VC “scouts,” Oaktree Capital, Water Street Healthcare, Apollo, Piper Jaffray, Nick Golding, NY City pensions, and the lean startup.
Carlyle’s IPO, in its first day of trade, barely stays above its $22 offer price.
The $237 billion California Public Employees’ Retirement System has reaped a 2.9x gain from its 4.2 percent stake in The Carlyle Group upon the firm’s initial public offering on Thursday, according to an exclusive analysis by Buyouts, peHUB’s sister magazine, based on a California Public Records Act request.
Trending on peHUB this week: Frank Quattrone, Andreessen Horowitz, Sequoia Capital, Chicago Growth Partners, TA Associates,Veronis Suhler Stevenson, Irving Place,VantagePoint Capital Partners and Apollo Global.
Great Wolf Resorts has received an offer from KSL Capital Partners to buy the company for $7 per share, according to Reuters. This comes days after Great Wolf’s largest investor rejected an earlier bid made by Apollo Global. Reuters – Great Wolf Resorts said late on Sunday it received an offer from KSL Capital Partners [...]
Berry Plastics, owned by Apollo Global and Graham Partners, has filed for an IPO that could raise as much as $500 mln.