German property group GSW, which is owned by Goldman Sachs's Whitehall fund and private equity firm Cerberus Capital, is planning an initial public offering for the second quarter, Reuters reported. It’s the company’s second attempt at a public listing. The company shelved plans for an IPO in May because of concern over the Greek debt crisis.
Wireless infrastructure developer 11i Solutions Inc. has closed on $1.8 million in convertible bridge financing from investment firm Steel Pier Capital Advisors. New York-based Steel Pier Capital Advisors is a private equity firm that partners with management to make non-control equity investments. 11i Solutions is based in Huntsville, Alabama.
Growing and Growing: LinkedIn races past 100 million members Into Indonesia: CVC takes a stake in First Media after losing out in Kabel BW deal Asia Deals Heating Up? PE firms may have a new way to raise funding for deals The Test: The AT&T deal will pit the former Baby Bell against regulatory scrutiny
Buyout shop CVC will invest 2.35 trillion rupiah ($269 million) in the cable TV and internet units of Indonesian media firm PT First Media, Reuters reported. The strategic partnership deal was announced Tuesday.
The Internet age is automating everything from postal workers to bank tellers to drive-thru order-takers. Are the bankers next? Today, CapitalSphere, which operates from offices in New York and San Diego, revealed it will substantially expand its proprietary M&A platform to include a broader base of clients, both buyers and sellers. Already its marketplace hosts […]
California-based Appirio has acquired Infowelders, the salesforce.com consultancy business specializing on sales and services cloud development. Appiro is backed by Sequoia Capital and GGV Capital.
Eric Mandl has joined Evercore Partners where he will be a senior MD advising on large cap technology and software and internet sectors. Mandl was most recently the global head of software and enterprise banking at UBS.
How strong are the leveraged loan markets? In the past year, KPS Capital Partners and other investors has received more than $300 million in cash distributions from portfolio company HHI Group Holdings. The latest payout came today when the PE firm announced HHI had completed a $425 million recap. The debt package included a $100 million credit facility and $325 million term loan. HHI used the proceeds to fund a $100 million cash payout to stockholders, to refinance debt and to fund its continued growth.
FRANKFURT, March 21 (Reuters) – Media mogul John Malone’s Liberty Global will buy Kabel BW after private equity firm CVC declined to raise its offer in a fierce battle for the German cable operator. The deal values Kabel Baden Wuerttemberg at 3.16 billion euros ($4.48 billion), Swedish buyout firm EQT said Monday. Over the weekend, […]
Pennsylvania-based private equity firm L2 Capital Partners will acquire Landfill Service Corp., a New York-based supplier of landfill products and equipment. McGladrey Capital Markets worked on the transaction and was exclusive advisor to Landfill Service Corp. Terms of the transaction were not publicized.