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Centre Partners closes Ross Aviation sale to Carlyle

Centre Partners Management said Tuesday it has closed its previously announced sale of Ross Aviation to Landmark Aviation, which is backed by The Carlyle Group. Financial terms weren’t announced. Denver-based Ross Aviation provides aviation fueling, hangar and other line services to business and commercial aviation customers. Rothschild advised Landmark on the deal while Harris Williams & Co. advised Ross Aviation.

126 Views

Evercore forms European debt advisory group

Evercore has formed a European debt advisory business led by Swag Ganguly, who has joined the firm as a senior managing director from Rothschild in London. Ganguly will be supported by Mark Craig, who joins as a managing director from Lloyds Bank in London.

BC Partners could sell Spotless Group – Reuters

Private equity group BC Partners is considering selling French domestic cleaning products maker Spotless Group and is looking for a price tag of between 900 million euros ($1.23 billion) to 1 billion euros, writes Reuters. Bankers Rothschild and JP Morgan are likely to be selected to conduct the sale of the Spotless Group.

Carlyle’s Landmark Aviation agrees to buy Ross Aviation

Landmark Aviation, a portfolio company of Carlyle, has agreed to acquire Ross Aviation from Centre Partners. No financial terms were disclosed for the transaction, which is expected to be completed during the second half of 2014. Rothschild is advising Landmark on the deal while Harris Williams & Co. is advising Ross Aviation. Headquartered in Denver, Ross Aviation is a provider of fixed based operations throughout the U.S.

216 Views

L Capital Management and L Capital Asia invest in luxury footwear maker Vicini

L Capital Management and L Capital Asia, two private equity firms backed by LVHM, have acquired a minority stake in luxury footwear maker and retailer Vicini S.p.A. No financial terms were disclosed. Rothschild advised Vicini S.p.A. on the transaction while DVR Capital advised L Capital. Based in Italy, Vicini S.p.A. owns the Giuseppe Zanotti Design shoe brand.

Electra to buy Hotter Shoes – Reuters

Private equity firm Electra Private Equity will acquire footwear retailer Hotter Shoes, The Telegraph reported on Sunday, writes Reuters. The shoe company, which was founded in 1959 as Beaconsfield Footwear, had hired investment bank Rothschild early last year to explore strategic options for the business.

Rothschild Reaches First Close on Five Arrows Credit Solutions

Rothschild‘s merchant banking arm has completed the first closing of Five Arrows Credit Solutions, its private debt fund focused on the Western European middle-market. The fund has with total commitments so far of 235 million euros ($302.1 million). The final closing target is 400 million euros.

peHUB First Read

As recovery continues after the storm First Read brings you the latest start-up deal update, how European bank deleveraging is offering opportunities for emerging market private equity investors and also takes a look at whether we should trust the Force following Disney’s LucasFilm deal.

Reuters – MPS Mandates Rothschild to Sell Leasing Business

Italy’s Banca Monte dei Paschi di Siena has given a mandate to Rothschild to sell the leasing activities it put on the block in its last business plan, writes Reuters. According to a media report, General Electric, BNP Paribas and some private equity firms could be interested in the leasing business, writes Reuters.

Denton Joins Broadhaven Capital

Jim Denton has joined Broadhaven Capital Partners as a partner. He previoulsy led the FIG group at Rothschild in New York. PRESS RELEASE Broadhaven Capital Partners today announced that Jim Denton has joined the firm as a partner. Mr. Denton previously led the Financial Institutions Group at Rothschild in New York where he worked on […]

204 Views

Centerbridge Partners Acquires Aquilex

Aquilex Holdings said Friday that it has financially restructured its debt and is now majority owned by Centerbridge Partners. Also, Aquilex CEO and President Bill Varner is retiring while Donovan Boyd was named chairman of the board. Rothschild provided financial advice to Aquilex, while Alvarez & Marsal was restructuring advisor. Aquilex provides maintenance, repair and industrial cleaning solutions to the energy industry.

Matthew Sperling Jumps from Jefferies to Rothschild

The New York-based financial advisory services firm Rothschild has hired Matthew Sperling has a managing director and its head of equity advisory for North America. Sperling was most recently a Managing Director in the equity capital markets group of Jefferies and prior to that held senior positions in the US equity capital market operations of UBS and […]

Lawrence Portman Joins Rothschild

Lawrence Portman has joined Rothschild as a managing director and head of consumer products for the Americas. He previously was head of Citigroup’s North American food and beverage practice.

Grafstein To Take Top Rothschild M&A Job

(Reuters) – Laurence Grafstein, a former co-head of merger adviser Lazard Ltd’s (LAZ.N) technology and media group, will join Rothschild as co-head of the U.S. M&A group at the boutique investment bank, the Wall Street Journal said. Grafstein worked on deals such as Nextel-Sprint and MCI-Verizon and oversaw large financial restructurings at WorldCom and Nortel, […]

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