Chevron Mining Inc. has completed the sale of its Mountain Pass rare earth mining operations to an acquisition company formed by Pegasus Partners, Goldman Sachs, Traxys North America and Carint Group. No financial terms were disclosed. The Englewood, Colo.-based company has be renamed Molycorp Minerals LLC.
DUBAI/KARACHI (Reuters) – Private equity firm Abraaj Capital has bought a controlling stake in KES Power, the parent company of Karachi Electric Supply Co (KESC.KA), to boost generating capacity in Pakistan’s largest city. Dubai-based Abraaj, which manages about $5 billion in funds, said in a statement on Wednesday it was buying new shares in KES […]
MACAU (Reuters) – U.S. private equity giant Blackstone Group said on Wednesday that it still aims to complete a pair of property deals in Shanghai, although a company official said valuations in China need to come down and regulations should be friendlier to foreign investors. “The challenge is that pricing is inflated generally beyond expectations […]
LONDON (Reuters) – Troubled Icelandic retail investor Baugur has attracted interest from a number of private equity firms seeking to buy its 1 billion pound ($1.75 billion) debt-pile, The Financial Times said on Wednesday. The Icelandic government, already in talks with British retail entrepreneur Philip Green about selling the debt, has received approaches from private […]
(Reuters) – Private-equity firm Carlyle Group and former Neuberger Berman Chief Executive Jeffrey Lane filed an objection to bankrupt Lehman Brothers Holdings Inc’s sale of Neuberger, its asset management business, court documents show. Lehman agreed last month to sell the division to Bain Capital LLC and Hellman & Friedman LLC, for $2.15 billion. In an […]
Accel-KKR has acquired a majority stake in The Endurance International Group Inc., a Burlington, Mass.–based provider of website hosting and online applications and services. No financial terms were disclosed.
TSG Consumer Partners has completed its sale of Meguiar’s Inc. to 3M for an undisclosed amount. Meguiar’s is an Irvine, Calif.–based provider of car-care products like waxes and polishes.
The Riverside Co. has acquired Coeur Inc., a Lebanon, Tenn.-based maker of single-use disposable products for use in diagnostic imaging procedures and other medical applications, from Hammond, Kennedy, Whitney & Company. No pricing terms were disclosed for the deal, which included senior debt from US Bank and mezzanine debt from Babson Capital. Harris Williams & Co. advised Coeur on the sale.
NEW YORK (Reuters) – The remaining Linens ‘n Things stores will likely start liquidation sales as early as Thursday after the home goods retailer failed to find a buyer that will operate the company as a going concern. A group of liquidators, including Gordon Brothers Retail Partners and Hilco Merchant Resources, had made a preliminary […]
Riverside Partners has acquired both Solar Works Inc. and SolarWrights Inc., and merged them into what it claims is the largest solar energy integrator in the Northeastern U.S. No financial terms were disclosed.

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