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Private equity firm Warburg Pincus LLC led a group of investors putting $100 million into eDaijia, which provides services in China similar to online ride-hailing service Uber, Reuters reported.
Texas’s biggest power company, the bankrupt Energy Future Holdings, soon will present plans to auction its majority stake in its Oncor power distribution unit, a business that could be worth $20 billion or more including debt.
Kohlberg Kravis Roberts & Co will likely hold a first close on its second infrastructure fund in the fall, sources told Buyouts.
Energy Future Holdings, the largest power company in Texas, asked a judge to extend the period in which it controls its Chapter 11 bankruptcy and said it is scrapping its original debt-cutting plan in favor of an auction of its Oncor unit.
Canadian private equity firm KERN Partners has launched its fourth energy-focused partnership, KERN Energy Partners IV Fund, according to people with knowledge of the situation.
Kinaxis Inc trimmed the expected offer price of its initial public offering on June 3, in a sign that market demand for the Canadian software company’s equity issue may not be as hot as originally expected.
Texas’ largest power company, the bankrupt Energy Future Holdings Corp, was sued by a representative for noteholders who said they are owed $665 million in return for refinancing their securities, a key part of the company’s bankruptcy plan.
Five private equity firms are looking at the generic drug maker VersaPharm, which is being sold by Tailwind Capital, two sources said.
Leading Texas power company Energy Future Holdings is expected to file for bankruptcy as early as Monday evening, sources close to the situation said on Friday, as it struggles to pay its hefty debt load of more than $40 billion because of cheap electricity prices.
In just three years, H.I.G. Capital has recouped more than its investment in Cornerstone Chemical Co, sister website peHUB reported.
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