PE-backed ServiceMaster rolls out IPO

ServiceMaster Global Holdings, a portfolio company of Clayton, Dubilier & Rice, has launched its IPO after pricing its 35.9 million shares at $17 per share. The stock began trading Thursday on the NYSE under the ticker symbol “SERV.” J.P. Morgan Securities, Credit Suisse Securities, Goldman Sachs and Morgan Stanley are the lead underwriters. Headquartered in Memphis, ServiceMaster is a provider of essential residential and commercial services.


PE-backed Adeptus Health debuts IPO

Adeptus Health, a portfolio company of Sterling Partners, has launched its IPO after pricing its 4.9 million shares at $22 per share. The stock began trading Wednesday on the NYSE under the ticker symbol “ADPT.” Deutsche Bank Securities, Goldman Sachs, Evercore Group and Morgan Stanley are the lead underwriters. Adeptus Health owns and operates First Choice Emergency Room, a network of independent freestanding emergency rooms.

PE-backed SAVO Group adds to board of directors

SAVO Group has named Steve Collins to its board of directors. Collins is the former CFO at ExactTarget. Headquartered in Chicago, SAVO is a sales software developer. It is backed by Goldman Sachs, Sterling Partners and SAP Ventures.


TriWest and ATRF to invest in NCSG Crane & Heavy Haul Corp

TriWest Capital Partners and Alberta Teachers’ Retirement Fund have agreed to acquire a majority stake in NSCG Crane & Heavy Haul Corp. from its existing shareholders. No financial terms were disclosed for the transaction, which is expected to be completed before the end of this year. Goldman Sachs advised NCSG on the transaction. Based in Edmonton, Alberta, NCSG is a provider of crane and heavy haul services in North America. It is backed by Northwest Capital Appreciation.


peHUB Second Opinion

In Second Opinion, Oracle is near a deal to by Micros Systems, Amazon is expected to announced its smartphone tomorrow and a pawn shop for sneakers opens in Harlem.


VC-backed MobileIron debuts IPO

MobileIron has launched its IPO after pricing its over 11 million shares at $9 per share. The stock began trading Thursday on the NASDAQ under the ticker symbol MOBL. Morgan Stanley and Goldman Sachs are the lead underwriters. Based in Mountain View, Calif., MobileIron is a provider of mobile IT security and management for apps, content and devices. Its backers include Institutional Venture Partners, Foundation Capital, Norwest Venture Partners and Sequoia Capital.


Ontex to raise $840 mln in IPO – Reuters

Belgian diaper maker Ontex plans to raise up to 620 million euros ($844 million) in one of Europe’s biggest new listings this year, writes Reuters. Private equity firm TPG and Goldman Sachs acquired the company in 2010.

Lovell Minnick announces two promotions

Private equity firm Lovell Minnick Partners has promoted Jason S. Barg and Trevor C. Rich to principal. Barg first joined the firm in 2010 from Goldman Sachs while Rich joined the firm the same year from Morgan Stanley.

American Energy agrees to buy acres in Ohio and West Virginia for $1.75 bln

American Energy-Utica said Monday that it has agreed to acquire approximately 27,000 net acres in Monroe County, Ohio from East Resources and an unidentified private firm. Also, American Energy-Marcellus has inked agreements to buy about 48,000 net acreages in five West Virginia counties from the same sellers. The combined price of these acquisitions is $1.75 billion. Both transactions are expected to be completed in the next 60 days. Citi and Goldman Sachs served as financial advisors to AEU and AEM, while Jefferies was financial advisor to the sellers. American Energy-Utica and American Energy-Marcellus are both backed by The Energy & Minerals Group.


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.


Goldman Sachs leads $35 mln round for SAVO

SAVO Group said Wednesday that it has secured $35 million in funding. Goldman Sachs led the round with participation from previous backers Sterling Partners and SAP Ventures. The capital will be used for expansion and to further develop SAVO’s sales and marketing applications. As a result of this transaction, Michael McGinn and Holger Staude of Goldman Sachs’ private capital investing group, have joined SAVO’s board. Headquartered in Chicago, SAVO is a sales software developer.


Goldman Sachs backs AirBorn

AirBorn has received undisclosed financing from Goldman Sachs Specialty Lending Group. Deloitte Corporate Finance served as financial advisor to AirBorn on this transaction. Based in Georgetown, Texas, AirBorn is a producer of specialty electronics for the aerospace, defense, medical, industrial automation and energy sectors.

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