SYDNEY (Reuters) – Private equity firm Blackstone Group LP (BX.N) has joined a group bidding $1.5 billion for Australian hospital operator Healthscope (HSP.AX), a source familiar with the situation said. Blackstone had considered making its own bid but opted to join private equity firms TPG [TPG.UL] and Carlyle [CYL.UL] to provide extra financial backing, as […]
DLJ South American Partners has led the acquisition of a 25% stake in Grupo Santillana de Ediciones SL, a provider of educational book publishing for the Latin American market, from Grupo Prisa. The deal was valued at $370 million. Other participants included Gavea Investimentos, Highbridge Mezzanine Partners, Magna Capital, Stichting Pensioenfonds Zorg en Welzijin and DLJSAP limited partners like Albright Capital Management, Honeywell Capital Management, Partners Group and PCGI.
(Reuters) – Hampton Roads Bankshares Inc (HMPR.O) said it has entered into agreements with institutional investors to raise $255 million in capital, and also plans to conduct a $20 million rights offering. The company said private equity firm Carlyle Group and private investment firm Anchorage Advisors, L.L.C. would buy 168.8 million shares for about $73 […]
New York Magazine has a cover story today titled "Obama is from Mars, Wall Street is from Venus," about the toxic relationship between Washington and Wall Street. Not too much new, except for one head-scrating quote from a PE investor who seems to think that it's only bankers who don't get the politics of financial reform:
“'They’re not accustomed to being engaged in politics this way,' says a private-equity investor [about bankers]. 'Their skin isn’t toughened. They actually take [the attacks by Obama] personally. This is a profession with a lot of smart people, but who aren’t necessarily terribly introspective. They think they actually deserve to make all this money. So any attack on their livelihood is, ahem, unpleasant.'”
This is accurate of bankers. But, speaking of introspection, how is it possible for any private equity investor to think his industry is doing any better than those big babies on Wall Street?
Lloyds Development Capital has sponsored a £15 million management buyout of UK luggage maker Antler from Barclays Private Equity. No financial terms were disclosed. www.antler.co.uk
Warburg Pincus has agreed to invest $138 million into Sterling Financial Corp. (Nasdaq: STSA), as part of the bank holding company’s recapitalization. THL Partners previously had agreed to invest $175 million, but will adjust its investment to match that of Warburg Pincus. PRESS RELEASE Sterling Financial Corporation (NASDAQ:STSA) (“Sterling”), the bank holding company of Sterling Savings […]
Morgan Stanley Private Equity has formed a strategic partnership with Bill Mitchell, former chairman and CEO of Arrow Electronics, to form an IT services provider focused on serving small and medium sized businesses (SMBs). The new platform will be created via investments and/or acquisitions.
MELBOURNE (Reuters) – Australian private hospital operator Healthscope Ltd (HSP.AX) on Monday said it would let its private equity suitors review its books over the next several weeks as they look to seal a $1.5 billion offer for the group. Healthscope advised shareholders take no action on the offer of A$5.75 a share from TPG […]
TOKYO (Reuters) – TPG Capital and Advantage Partners are among the bidders left in the competition to buy Anabuki Construction Inc, a Japanese apartment developer that failed last year with about $1.6 billion in debt, two sources with knowledge of the deal said. Anabuki, based on the southern Japanese island of Shikoku, announced in February […]
NEW YORK (Reuters) – Private equity firm Blackstone Group LP (BX.N) is considering investing $500 million alongside a group that has offered to help General Growth Properties Inc (GGP.N) exit bankruptcy protection, a source familiar with the matter said on Friday. Brookfield Asset Management Inc (BAMa.TO), William Ackman’s Pershing Square Capital Management and Fairholme Capital […]