Some fresh links to go with your afternoon coffee, including a dispute between Punxsutawney Phil and Staten Island Chuck.
United Silver Corp., a mining company based in Vancouver, has finalized its agreement with New York-based private equity firm Hale Capital Partners, which has issued USC $6 million in secured convertible notes. Proceeds of the loan will be used for working capital and general corporate purposes. PRESS RELEASE: United Silver Corp. (“USC” or the “Company”) […]
The private equity industry is fighting back against the deluge of bad press caused by Mitt Romney's presidential campaign.
(Reuters) - Blackstone Group LP, the largest publicly listed alternative asset manager, reported lower fourth-quarter earnings as performance fees declined, but management fees increased as its assets grew to a record $137 billion. Since 2007, when Blackstone raised $4.7 billion in an initial public offering, it has had to serve two constituencies -- its limited partners, such as pension funds and endowments, that invest in its funds, and its public stockholders.
Publicly traded SandRidge Energy, an oil and natural gas company headquartered in Oklahoma City, Oklahoma, is planning to acquire Dynamic Offshore Resources for $1.275 billion, consisting of roughly $680 million in cash and approximately 74 million shares of SandRidge common stock valued at $8.02 per share. PRESS RELEASE: SandRidge Energy, Inc. (NYSE: SD) has entered […]
Sao Paulo-based Iochpe-Maxion S.A. announced today that its subsidiary, Iochpe Holdings, has officially acquired Hayes Lemmerz International to create Maxion Wheels, a global wheels business with manufacturing locations in 12 countries. PRESS RELEASE: Iochpe-Maxion S.A. (“Iochpe-Maxion”) announced today that its subsidiary, Iochpe Holdings, LLC, has finalized its transaction to acquire Hayes Lemmerz International, Inc. (“Hayes Lemmerz”). The […]
Quantum Telecom, a publicly traded, global provider of network and business support systems for MVNOs, has announced plans to acquire a controlling stake in Israel-based Zebra Technologies, through its subsidiary Forum Mobile Israel. Forum Mobile Israel is purchasing 51% of Zebra’s shares using Quantum shares and has an option to purchase the remainder of them. […]
Telmar, a New York-based software and services company that caters to the ad industry, has appointed Corey Panno president of Telmar Group. Formerly the president of Telmar North America, Panno will assume management responsibility for all worldwide business units. Panno joined Telmar in 1989 as an account executive. Before then, he held media planning roles […]
Abu Dhabi-based private equity firm Gulf Capital is close to sealing a deal to buy 80% of consultancy firm Reach Group, Reuters reported Thursday. Gulf Capital will be closing the transaction during the first quarter this year through its $533 million Private Equity Fund II, Reuters wrote. The value of the deal is estimated at around 100 million dirhams ($27 million).
Buyout firm CVC will employ more than $1.2 billion in debt in its buyout of Ahlsell, Sweden's largest supplier of tools and building materials, Reuters reported Thursday. According to Reuters, it is the largest loan to back a leveraged buyout in Western Europ since WorldPay's acquisition by Advent International and Bain Capital in 2010.