Iris Dorbian
Enviva Partners LP, a wood pellets provider to large power generations, has raised $200 million for its IPO after pricing its 10 million shares at $20 per share. The stock began trading Wednesday on the NYSE under the ticker symbol "EVA." Barclays Capital Inc, Goldman, Sachs & Co, RBC Capital Markets LLC and Citigroup Global Markets Inc are the lead underwriters. Enviva Partners is backed by Riverstone/Carlyle Renewable Energy Partners.
Canadian private equity firm Onex Corp has agreed to sell hotel and casino Tropicana Las Vegas to Penn National Gaming for about $360 million, the firm announced today.
R2integrated, a portfolio company of ORIX Mezzanine & Private Equity, has acquired digital agency Make Me Social. No financial terms were disclosed.
Coral Reef Capital has acquired a majority stake in ROC Service Company from Turnbridge Capital. No financial terms were disclosed. Lazard Middle Market provided financial advice to ROC on the transaction. Headquartered in Bridgeport, Texas, ROC is an energy services company.
Noble Investment Group has acquired the Renaissance by Marriott Fort Lauderdale Cruise Port. No financial terms were disclosed. The Renaissance Fort Lauderdale Cruise Port hotel includes 225 guestrooms and suites, an outdoor pool and spa and business center.
FSN Capital has agreed to acquire Danish fitness chain Fitness World A/S from its founders and management. No financial terms were disclosed. Danske Bank arranged the financing for the transaction while Deloitte, Kromann Reumert and Quartz+Co served as advisors to FSN Capital.
First Read ushers in your morning with news that the SEC is set to propose news rules on executive compensation, Twitter stock plunges after earnings report is leaked early and the Baltimore Orioles will be playing their next game without fans.
Restaurant chain Bojangles Inc will be selling 6.25 million shares of its IPO at between $15 and $17 per share. The company will list the stock on the NASDAQ under the ticker symbol "BOJA." BofA Merrill Lynch, Wells Fargo Securities and Jefferies are serving as the lead underwriters. Bojangles is a portfolio company of Advent International.
In Second Opinion, the rate of homeownership plummets to its lowest point in 25 years, Iron Mountain is planning on acquiring Recall Holdings for about $2.2 billion and Jane Gooddall says SeaWorld should be closed down.
According to an SEC filing. Solace Capital has raised $126.8 million for its inaugural special situations fund. The target is $500 million. As previously reported by peHUB, the firm was launched in 2013 by former executives of Oaktree Capital.