Star Capital Partners has agreed to buy German cable operator Pepcom GmbH from GMT Communication Partners and Veronis Suhler Stevenson. No financial terms were disclosed.
(Reuters) – Hulu is planning an initial public offering which could value the U.S. video viewing site at more than $2 billion, the New York Times said. The company, which streams popular shows like “Glee” and “Modern Family”, is in talks with investment banks to go public as soon as this fall, people briefed on […]
(Reuters) – ExamWorks Group Inc filed with U.S. regulators on Friday to raise up to $172.5 million in an initial public offering of its common stock. The Atlanta-based medical legal services provider said it intends to use the proceeds from the offering to repay debt, to fund acquisitions and for general corporate purposes. The company […]
(Reuters) – Blackstone Group LP’s (BX.N) deal to buy Dynegy Inc (DYN.N) is an unusually structured buyout that would give it control of the power company without having to refinance or invest much cash and similar takeovers of independent power companies are unlikely to follow. A key factor in the deal is that a substantial […]
(Reuters) – Energy Future Holdings on Friday said debt holders have tendered $4.47 billion of notes, or 99.58 percent of the amount outstanding in its latest debt exchange offer. The privately held company said it has accepted about $3.59 billion of the notes tendered for exchange, including $1.428 billion of 10.875 percent senior notes due […]
Mistral Equity Partners today added its sixth portfolio company: Country Pure Foods, a producer and distributor of single-serve juices for convenience and grocery stores. One of the Country Pure's major segments is serving institutions like schools and hospitals, says Andy Heyer, Mistral Equity’s managing partner. Brands include Ardmore Farms, Glacier Valley, and Natural Country. First Atlantic Capital and DN Partners were the sellers. Country Pure’s management is retaining a stake, Heyer says, while Bank of Montreal is providing senior debt financing.
With only a few weeks left of summer, we’ve all heard about how fundraising is difficult, deals are taking longer to close and Tiger Woods seems to be suffering on the golf course. But a more important issue confronts us: What is everyone reading? The Wall Street Journal this week discovered that PE execs were mainly into non-fiction (only separate mentions of "The Brief Wondrous Life of Oscar Wao" and "The Alchemist.") More than one exec said they're reading “The Big Short: Inside the Doomsday Machine,” by Michael Lewis. peHUB conducted its own very unscientific poll and found that--surprise!-- fiction was indeed popular. In fact, many execs confessed to be reading “The Girl with the Dragon Tattoo.”
(Reuters) – Blackstone Group (BX.N) said on Friday it will buy power producer Dynegy Inc (DYN.N) for $543 million in cash and sell four of its power plants to NRG Energy (NRG.N) in the latest shake-up in the hard-hit power industry. Dynegy shareholders will receive $4.50 in cash per share, a 62 percent premium over […]
(Reuters) – Chinese state-run investment company Citic Group has acquired a majority stake in Tokyo-based cardboard maker Tri-Wall KK, the Nikkei business daily reported without citing sources. Citic’s private-equity arm Citic Capital Partners paid several billion yen for shares held by Tri-Wall investors. It plans to back Tri-Wall’s expansion and aims at listing the box […]
Francisco Partners has completed its take-private acquisition of EF Johnson Technologies Inc. (Nasdaq: EFJI), an Irving, Texas-based provider of secure communications solutions to organizations that protect and save lives. The deal valued EF Johnson at nearly $40 million, or $1.50 per share.