Publisher Schwimmer: ‘Your tour guide in loan land': Buyouts

After a two-year hiatus, Randy Schwimmer is back with his weekly e-newsletter covering the middle-market leveraged lending scene. The Lead Left, which debuted last week, is the successor to On the Left, the popular e-newsletter that Schwimmer wrote while he was a senior managing director and head of capital markets at Churchill Financial.


peHUB Second Opinion

In Second Opinion, ex-Time executive Fran Hauser is a VC now, Portillo’s Hot Dogs is on the block, the world’s biggest private equity firms and Snapchat’s big update disrupts a high school classroom.


Encana in talks to sell Wyoming natgas field to Carlyle, NPG – Reuters

Canadian oil and gas producer Encana Corporation is in advanced talks to sell its Wyoming natural gas field to private equity firms Carlyle Group and NGP Energy Capital Management for about $2 billion, according to the Wall Street Journal, writes Reuters. The company has been looking to sell its holdings in the so-called Jonah field as it shifts its focus away from natural gas to drilling for more valuable oil and natural gas liquids, the report said.


Carlyle leads group buying metal trader Traxys: Reuters

Carlyle Group, along with other investors, has agreed to acquire a majority stake in metals trader Traxys Group, sister news service Reuters reported, in the latest move by the U.S. private equity firm to boost its presence in commodities as big banks scale back.

Carlyle in exclusive talks to buy Tyco’s S.Korean unit – Reuters

Private equity firm Carlyle Group has entered into exclusive talks to buy Tyco International Inc‘s South Korean security systems unit, a business valued at around $2 billion, writes Reuters. A successful sale of the unit, ADT Caps, would be the second large private equity transaction in South Korea this year, after KKR & Co and Affinity‘s $5.8 billion sale of Oriental Brewery to Anheuser-Busch InBev SA.

First bids for Australia’s Transpacific waste unit due early Dec – Reuters

First-round bids are due in December for Transpacific Industries Group Ltd‘s New Zealand waste management unit, which is attracting interest from international private equity firms and trade bidders, writes Basis Point a Thomson Reuters publication. Suitors are said to include private equity giants Blackstone Group and Carlyle Group, as well as Japan’s Orix and New Zealand infrastructure investor Infratil.

China mall developer plans $1bln Hong Kong IPO – Reuters

SZITIC Commercial Property Co, which sold a stake in two of its malls to US private equity firm Carlyle Group in May, is planning an up to $1 billion Hong Kong IPO as soon as the fourth quarter of 2013, the Wall Street Journal reported on Tuesday, writes Reuters. The Shenzhen-based shopping mall developer hired JPMorgan and China International Capital Corp to handle the initial public offering, writes Reuters.


CalPERS Taps Carlyle For Biggest Pledge Of 2013

The $265 billion California Public Employees’ Retirement System, the largest pension in the United States, approved its biggest private equity commitment so far in 2013, pledging $547 million to The Carlyle Group’s newest flagship fund, Carlyle Partners VI LP, according to board meeting materials made public by CalPERS. A CalPERS spokesman declined to comment further.

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