(Reuters) – Emergency Medical Services Corp., bought by Clayton, Dubilier & Rice LLC in 2011, has selected Goldman Sachs Group Inc. (GS.N), Barclays Plc (BARC.L) and Bank of America Merrill Lynch (BAC.N) to lead the underwriting of a $750 million IPO that may come in the third quarter, sources told Reuters.
You are browsing the archive for Barclays - peHUB.
After less than two years, Welsh, Carson, Anderson & Stowe is looking to exit Triple Point Technology, four sources tell peHUB.
Equistone Partners Europe has reached a final closing of Equistone Partners Europe Fund IV at 1.5 billion euros ($2 billion). The fundraising has been achieved just over one year on from the Equistone team’s spin-out from Barclays.
New York-based private equity firm Kelso & Company is to acquire Swank Audio Visuals. The company provides audiovisual and event technology services within the hotel, resort, meetings and conference center industries. Barclays and Macquarie Capital served as advisors to Kelso, and are arranging financing for the transaction.
Apollo Global Management said late Monday that Gene Donnelly is resigning as CFO and will be replaced by Martin Kelly. Kelly’s start date at Apollo will be “no later” than Oct. 1, the statement said. Kelly most recently was the Americas CFO at Barclays Capital, according to the WSJ. Donnelly is resigning from Apollo to pursue other [...]
Pharmaceutical manufacturing company Piramal Healthcare is to acquire US-based healthcare information company Decision Resources Group from Providence Equity Partners for around US$635 million. DRG will remain headquartered in Burlington, MA. The company will continue to be led by Mr. Hoenigsberg and the existing senior management team. Barclays is acting as lead financial advisor to Decision [...]
Business Growth Fund, a fund established to help the UK’s smaller and medium sized businesses, has appointed Cate Poulson as head of BGF’s talent network, to develop the firm’s relationships with a network of experienced business leaders. BGF is an independent company with capital of up to 2.5 billion pounds ($3.9 billion), backed by five [...]
The last couple of years have seen a steady trickle of banks and insurers selling private equity assets and other non-core units as regulators globally toughen capital requirements.
In the US, the Volcker Rule, a part of the financial regulatory overhaul law that limits proprietary trading, or investments by banks using their own capital, has been forcing banks to sell part or all of their private equity portfolios.
In Europe, banks are selling their private equity assets to boost their balance sheets to prepare for the Basel III reform package which will impose capital constraints on investments. The new rules will come into force on January 1, 2013, with full implementation by 2019.
Today, we’ll take a look at some of the US and European institutions who have been offloading their private equity assets and what prices they have been getting. It also includes a couple that are on the sales block waiting to make their announcement. There are also a few among the bunch that, since being spun out, have commenced efforts–with varying degrees of success–to raise new funds. How successful these PE shops will be independently in some cases remains to be seen…