News and Analysis

Scotland-based Reservoir Group has acquired Extreme Machining, an Australia-based drilling tools products company. The deal represents Reservoir Group's fifth acquisition since it was incorporated last year with backing from SCF Partners, a specialist oilfield service and equipment private equity sponsor. Previous acquisitions include London-based Storecore and Omega Data Services of Aberdeen. Reservoir is aiming to […]
Summer Street Capital Partners has acquired Willcare, a Buffalo, N.Y.-based provider of home healthcare services in parts of New York and Ohio. No financial terms were disclosed, except that Summer Street typically invests between $5 million and $30 million in companies with between $20 million and $100 million in annual revenue.   PRESS RELEASE   […]
AFS Technologies Inc., a Phoenix
HONG KONG (Reuters) – As a large Chinese corporate still in private hands, Huawei Technologies has a reputation of keeping information tightly under wraps. Bidders for a Huawei unit are discovering just how tight that lid can be. Huawei HWT.UL hired Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz) in May to sell a majority […]
The third quarter isn’t officially over, but we here at PE Hub believe that Q4 effectively starts after Labor Day and wraps up around Thanksgiving. Things have been plenty slow for July and August, but according to an informal survey of investor expectations, the fourth quarter will end up on par with the first half […]
NEW YORK (Reuters) – Four large hedge funds, all shareholders of Huntsman Corp (HUN.N: Quote, Profile, Research, Stock Buzz), have proposed a plan to salvage a $6.5 billion buyout of the chemical company by a unit of Apollo Global Management. But Apollo’s Hexion Specialty Chemicals unit late Thursday rejected the plan, saying Huntsman’s increased debt […]
NEW YORK (Reuters) – Huntsman Corp (HUN.N: Quote, Profile, Research, Stock Buzz) said on Friday it welcomed a shareholder proposal to salvage a $6.5 billion takeover of the chemicals company by a unit of U.S. buyout firm Apollo Management. Apollo's Hexion Specialty Chemicals unit has been locked in a legal battle to get out of […]
Deja Vu Edition: More IPO bashing, more aging media, more Blackstone, and more PE investing in financials. And of course, my favorite take on the fake death of the real Steve Jobs. Reuters: After my IPO bashing today, more bad news. The exchanges are feeling the pain from not just a lack of new issuances, […]
*WSJ, CNBC, FT say it isn’t; but perhaps the blogosphere is not so sure? Dow Jones today published a list of private equity firms interested in bidding for Lehman Brothers’ wealth management arm, Neuberger Berman, worth around $10 billion. The Journal’s list included obvious suspects like KKR, Bain Capital and TPG. The FT counted Hellman […]
We’ve bemoaned a battered IPO market for almost a year now, with CNN reporting today that they’re down 75 percent. But is it unusual? PE pros have said that the last unprecedented, unsustainable buyout boom was also an unprecedented, unsustainable IPO boom. They’re not expecting it to bounce back anytime soon. (Meanwhile some particularly bearish […]
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