sunrisebeach
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peHUB First Read

First Read has news the SEC failed to identify who leaked ‘London Whale’ info to Reuters, NY Governor Cuomo, once the pay-to-play sheriff, is under investigation and NASA seems to have confirmed a major breakthrough in space propulsion.

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Riverstone forms energy credit team

Riverstone Holdings has formed a team of energy-focused leveraged finance professionals to lead the firm’s expansion into credit and capital markets activities. The team includes Christopher Abbate, former managing director and head of energy leveraged finance at Citigroup; Jamie Brodsky and Daniel Flannery, who both join Riverstone from Nomura Securities International. All three also worked together on the energy leveraged finance team at UBS.

VC-backed Zosano files for IPO

Zosano Pharma Corp. said Tuesday that it has filed for an IPO. The number of shares that will be sold as well as the stock’s pricing terms have yet to be set. Based in Fremont, Calif., Zosano is a biopharmaceutical firm focused on transdermal drug delivery. Its backers include Nomura International, BioMed Ventures, HBM BioVentures, NEA and ProQuest Investments.

sunrise after storm
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peHUB First Read

This Thursday morning First Read brings you tips on how to hold onto your job, news of Nomura and ICG’s new mezzanine debt fund and a peek at which private equity firms could be back in the fundraising market in 2014.

Reuters/IFR – Terra Firma Leads PIKs Down New ABS Path

Terra Firma‘s planned ABS-style Payment-In-Kind bond may be easier to sell to investors than some market experts anticipate due to stricter rules on cash payouts to equity investors, writes Reuters/IFR. Guy Hands’ Terra Firma buyout group this week agreed to buy Annington Homes from Nomura in a deal worth 3.2 billion pounds ($5.1 billion), which will be financed by 1 billion pounds of new equity, debt financing in the form of the PIK, and the assumption of existing securitised debt of 2.2 billion pounds.

Nomura in Talks to Sell Property Business

Nomura has started talks to sell domestic businesses including its real estate arm, the Financial Times reported, writes Reuters. Nomura is considering the sale of Nomura Real Estate Holdings and its consulting arm, Nomura Research Institute, the newspaper said on Tuesday, and is in preliminary talks with private equity buyers, writes Reuters. (Reuters) – Nomura […]

peHUB First Read

Playin’ It Safe: KKR, Cinven, say word to safety with Arle Capital, report says

More: On Teddy Forstmann

More Tragedy: Prospect’s Barkas dies suddenly

It’s Not Looking so super for Netflix

Especially with the arrival of this

Is It Us? The Fed looks to edit the U.S. economy into prosperity

Oh You’re Naughty: Not shockingly, Jimmy Fallon is not the funniest thing on Jimmy Fallon

Looking Stateside: ICG considers first US mezz fund after four years investing there

Power Failure: Investments into India’s power sector slow down

Property No More: Nomura is in talks to sell its real estate arm

Chinese Dream: Dreamworks Animation in talks to set up joint venture with Shanghai Media Group and China Media Capital to invest up to $2 billion in Chinese animation market

On Your Marks: Get set, accelerate!

Nomura Set to Buy GE Capital Unit in China

(Reuters) – Nomura Holdings is set to buy a China unit of GE Capital, in a deal allowing Japan’s largest brokerage to expand deeper into the Chinese financial market. While Nomura has had a presence in China for around three decades, the purchase of the GE unit would put the Japanese bank in a stronger […]

Bain in Talks to Buy Japanese Restaurant Chain

Private equity firm Bain Capital is in final talks to buy Japanese restaurant chain Skylark Co. from Nomura Holdings Inc., Reuters reported. The deal was estimated at 280 billion yen ($3.4 billion), including debt. Nomura Principal Finance – Nomura’s buyout unit –invested in Skylark in 2006 through a management buyout with UK-based private equity firm CVC Capital Partners. It currently holds a 77.8% stake in the restaurant chain along with other investors, Reuters wrote.

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Apax Suits up with Takko Fashion

Apax Partners announced that it has agreed to acquire Telgte, Germany-based Takko Fashion, a value fashion company.  Nomura, Unicredit, Lazard and Ferber & Co. worked for Apax as advisors and Bain Consulting, PwC and Linklaters provided due diligence support to the investor. Other Apax fashion investments include Tommy Hilfiger, Phillips-Van Heusen/ Calvin Klein, rue21, inc., New […]

Nomura, MBK Consider Joint KEB Stake Bid

HONG KONG (Reuters) – Nomura Holdings (8604.T) is in talks to join private equity firm MBK Partners in its pursuit of the $3.5 billion Korea Exchange Bank (004940.KS) stake up for sale, sources with direct knowledge of the matter told Reuters on Monday. Sources said the discussions were in their early stages and no decision […]

Mark Epley Leaving Deutsche for Nomura

(Reuters) Deutsche Bank AG’s (DBKGn.DE) Mark Epley, who helmed a team that caters to private equity firms, is leaving the company to join Nomura Holdings Inc (9716.T), Bloomberg said, citing a person with knowledge of Epley’s plans. Epley, who joined Deutsche Bank in 2001, will be the co-head of Nomura’s unit that advises on merger […]

Nomura’s Asia I-Banking Chief Heads to U.S.

HONG KONG (Reuters) – Nomura Holdings (8604.T) on Monday said that its investment banking head for Asia (excluding Japan) will leave to take on the same role for the Americas. Nomura appointed Glenn Schiffman as head of investment banking for the Americas effective Feb. 1, according to an internal memo obtained by Reuters. The memo […]

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