Actress Jennifer Lawrence attends the "X-Men: Days of Future Past" world movie premiere in New York

peHUB Second Opinion

In Second Opinion, Apple denies that an iCloud breach caused the theft of celebrity nude photos, Credit Suisse investigates two traders on its European equities sales team in London and FanDuel raises $70 mln.

PE-backed Omnitracs agrees to buy XRS Corp

Omnitracs, a portfolio company of Vista Equity Partners, said Monday that it has agreed to acquire XRS Corp for $178 million in equity or $5.60 per share. The deal is expected to close in the fourth quarter of this year. Jefferies served as financial advisor to Omnitracs while William Blair was financial advisor to XRS Corp. Royal Bank of Canada, Credit Suisse and Guggenheim are providing financing for the deal. Based in Eden Prairie, Minnesota, XRS is a provider of mobile fleet optimization software.


GTCR completes Cole-Parmer acquisition

GTCR said Monday that it has closed its buy of Cole-Parmer from Thermo Fisher. No financial terms were disclosed; however, Credit Suisse and Goldman Sachs provided financing for the deal. Headquartered in Vernon Hills, Illinois, Cole-Parmer is a maker of specialty laboratory equipment, instruments and supplies.


VTTI rolls out IPO

VTTI has launched its IPO of 17.5 million shares at $21 per share. The stock began trading Friday on the NYSE under the ticker symbol “VTTI.” Citigroup, J.P. Morgan, BofA Merrill Lynch, Credit Suisse, Deutsche Bank Securities and Wells Fargo Securities are the lead underwriters. VTTI is a limited partnership that owns, develops and acquires refined petroleum product and crude oil terminaling and related energy infrastructure assets.

First Read

peHUB First Read

This Tuesday morning First Read brings you news of Blackstone’s great Hilton gain and its Patria fund surpassing target, how familiarity breeds in the alternative investment world, Nevada’s venture bets and Illinois State Board of Investment recruitment.

NBA basketball player Anthony poses at Nickelodeon's Kids' Choice Sports 2014 award show in Los Angeles

peHUB Second Opinion

In Second Opinion, Facebook’s buy of Oculus VR closed, the latest startup thriller, Yahoo is buying Flurry and Netflix ends Q2 with 50.05 mln subscribers. Plus, what is CNN worth?


Buyout loan trends may reflect Fed, OCC disparities: TRLPC

Scrutiny by U.S. regulators is reshaping the leveraged loan market as bankers complain that the Office of the Comptroller of the Currency enforces leveraged lending guidance more stringently than the Federal Reserve, sister service Thomson Reuters Loan Pricing Corp reports.


CEREIM closes $400 mln for debut fund

Cypress Equities Real Estate Investment Management, an affiliate of Cypress Equities, said Wednesday that it has raised $400 million in the final close of its first fund. According to the firm, its LP base includes public and corporate pensions, sovereign wealth funds, endowments, foundations, family offices and fund of funds investors. Credit Suisse served as a placement agent for the fund.

Belgian 3D printing firm Materialise unveils IPO

Materialise NV has debuted its IPO after pricing its $8 million shares at $12 per share. The stock began trading Wednesday on the NASDAQ under the ticker symbol “MTLS.” Piper Jaffray and Credit Suisse are the lead underwriters. Based in Belgium, Materialise, which is backed by Sniper Investments, is a 3D printing company.

Viper Energy Partners launches IPO

Viper Energy Partners, a Midland, Texas-based subsidiary of oil and gas company Diamondback, has debuted its IPO after pricing its 5 million shares at $26 per share. The stock began trading Wednesday on the NASDAQ under the ticker symbol “VNOM.” Barclays, Credit Suisse and Wells Fargo Securities are serving as lead underwriters. Viper is focused on acquiring oil and natural gas assets in North America.


GI Partners completes Peak 10 acquisition

GI Partners has closed its previously announced buy of Peak 10. No financial terms were disclosed. Credit Suisse, RBC Capital Markets and Jefferies provided the financing for the transaction. Based in Charlotte, North Carolina, Peak 10 is an operator of data centers.

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Top 10 posts

Trending on peHUB this week: Banks deny big loan for KKR deal; job openings at CPP, Juggernaut and LACERA; and secrets to a successful PE career.


Banks face U.S. fines over LBO loans: Reuters

Wall Street banks are bracing for a clampdown and even fines if regulators determine they have violated guidelines aimed at stamping out reckless underwriting on leveraged buyout debt, according to Thomson Reuters International Financing Review and Thomson Reuters Loan Pricing Corp.

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Top 10 posts

Trending on peHUB this week: the secrets to a successful PE career, fallout from SEC examinations of PE funds, and job openings at Allstate, Carlyle and Credit Suisse.

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