ArcLight Capital Partners has agreed to acquire the majority of PPL Corp.'s (NYSE: PPL) hydroelectric generation business in Maine. The deal is valued at approximately $95 million.
American Education Group, a Grand Rapids, Mich.-based for-profit private school operator, has raised $10 million from Glencoe Capital. AEG was formed in 2007 by Winona Capital Management and Chicago Growth Partners.
SandRidge Energy Inc. (NYSE: SD) has sold its gathering and compression assets in Piñon Field, located in Texas’ Pecos and Terrell counties, to TCW Asset Management for $200 million. PRESS RELEASE Oklahoma City, Oklahoma, June 30, 2009 – SandRidge Energy, Inc. (NYSE:SD) today announced the closing of the two previously announced transactions. Total proceeds of […]
Global Safety Textiles Holdings LLC, a Greensboro, N.C.-based unit of WL Ross & Co.'s International Textile Group Inc., has filed for Chapter 11 bankruptcy protection.
NEW YORK (Reuters) – The U.S. Treasury Department is expected to name as many as nine fund managers to operate the long-awaited Public-Private Investment Program (PPIP) to cleanse banks of toxic assets, a person familiar with the plan said on Wednesday. An announcement from Treasury could come as soon as Thursday, the person said, adding […]
NEW YORK (Reuters) – A U.S. bankruptcy judge on Wednesday denied a request from auto supplier Delphi Corp (DPHIQ.PK) to pay private equity firm Platinum Equity up to $30 million in expense reimbursements if its bid for the company is topped. At a U.S. Bankruptcy Court hearing in Manhattan, Judge Robert Drain said $30 million […]
Global private equity deal volume for the first half of 2009 was $32.9 billion, according to data being released later today by Thomson Reuters. It represents the lowest opening six months for any year since 1997. Second quarter volume was just $15.1 billion, compared to $17.8 billion in Q1. Overall, financial sponsors accounted for just 3.5% of announced transactions in the first half, which is the lowest such percentage since the first half of 2000. Update: Get all the data after the jump.
Amerijet International Inc., a Ft. Lauderdale, Fla.-based portfolio company of H.I.G. Capital, has acquired NationsExpress, a nationwide express trucking company based in Charlotte.
Tejas Research & Engineering LP, a Houston-based provider of design, engineering and testing services to the completions segment of the oilfield services market, has acquired Team Oil Tools, a Tulsa-based manufacturer of packers and down-hole completion tools. The deal was financed by Tejas sponsor Intervale Capital. No pricing terms were disclosed.
Sun Capital Partners has completed its acquisition of Mobile, Ala.-based tire retailer Big 10 Tire Stores Inc. out of bankruptcy. Sun Capital had acquired Big 10 back in 2006, and provided DIP financing when the company went bankrupt earlier this year.
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