Kinder Morgan, whose owners shareholders include the Carlyle Group and Highstar Capital, agreed Sunday to buy El Paso Corp. for about $38 billion including debt. El Paso, of Houston, is North America’s largest pipeline operator, according to Thomson Reuters. Evercore Partners and Barclays Capital provided financial advice to Kinder Morgan. Morgan Stanley advised El Paso. Goldman Sachs also provided advice to El Paso on its previously announced spin-off and related matters to the Kinder Morgan deal, according to the statement.
Oct 14 (Reuters) – British media group Daily Mail & General Trust (DMGT) said it agreed to merge its online property business with Zoopla Ltd, a property search and information firm, as it looks to gain market share from Rightmove , Britain’s most visited property website. As part of the deal, the consumer media business […]
Ubiquiti Networks announced its IPO Friday. The shares will begin trading on the NASDAQ Global Select Market on October 14, 2011 under the ticker symbol "UBNT." UBS Securities LLC, Deutsche Bank Securities Inc. and Raymond James & Associates, Inc. are acting as joint book-running managers for the offering. Pacific Crest Securities LLC and ThinkEquity LLC are acting as co-managers. Ubiquiti is a communications technology company. Summit Partners, the private equity firm, is a stockholder.
(Reuters) – After four years in private hands, Bausch & Lomb may soon head back to the public market as Chief Executive Brent Saunders is setting sights on an IPO for the U.S. eye-care giant “in the next couple of years.” Saunders, a CEO of a year and a half, is also focusing on at […]
The iPhone 4S hit shelves only today, but is already a huge hit with record pre-orders exceeding 1 million devices. The sales stampede is being attributed to an unlikely source, a virtual assistant embedded into iOS named Siri which represents a breakthrough in mobile computing. As Wall Street Journal reviewer Walt Mossberg put it, “(it)has […]
Waste Management, the Texas-based sanitation and recycling company, has made a strategic investment in Recycle Rewards, and its subsidiary, Recyclebank, which tethers discounts to green “action” by consumers. With the investment, from which terms were not specified, Waste Management joins existing Recyclebank investors RRE Ventures, Sigma Partners, Kleiner Perkins Caulfield and Byers, The Westly Group, Generation Investment Management, Top Tier Capital Partners, Physic Ventures and Craton Equity Partners.
Microsoft has officially closed its acquisition of Internet communications company Skype. The $8.5 billion deal was led by investor group Silver Lake and the transaction was originally announced in May.
Irish mushroom producer Monaghan Mushrooms and private equity investor Gimv have acquired Walkro International, a producer of mushroom substrate. Terms of the deal were not released. Walkro was formed in Belgium in 1991.
Billionaire investor Carl Icahn has taken a 9.8% stake in truck and engine maker Navistar International Corp., Reuters wrote Friday. In a regulatory filing, Icahn said that he has held talks with Navistar's management to discuss its business and will seek to have additional conversations to discuss strategies, Reuters wrote.
We’re Number ONE! NY tops Mass. for venture deals, takes pole position as East Coast VC juggernaut for all days to come. But we know we’re not number one, Cali. It’s Official. Everyone’s pissed at Washington. Bad Call: Ex-Citadel employee charged with stealing Rightfully So, protestors at Wall St. are suspicious of the plan to “clean” their “sleeping grounds" Did Steve Jobs doom himself with alternative medicine?