First Reserve Corp. has completed its C$3.7 billion buyout of CHC Helicopter Corp. (NYSE: FLI), a provider of helicopter services to the global offshore oil and gas industry. Morgan Stanley led the debt syndicate.
TORONTO (Reuters) – Shares of BCE Inc (BCE.TO) are in a renewed fall as the crisis roiling the financial markets is again worrying investors concerned that funding for the company’s C$34.8-billion ($32.5 billion) buyout may fall apart. Having stayed stable in recent months, the shares have given up about 9 percent since the beginning of […]
The Halifax Group has sponsored a management recapitalization of Nutrition Physiology Corp., a Guymon, Oklahoma-based provider of direct-fed-microbial feed additives to feedlots and dairies. No financial terms were disclosed.
DETROIT (Reuters) – A top private equity investor and former top Chrysler executive said on Monday that the U.S. economy is in recession and the automotive market will not begin its recovery until 2010. Tom Stallkamp, an industrial partner at New York private equity firm Ripplewood Holdings and former Chrysler president, said it was unclear […]
As Wall Street teeters on a precipice that sits directly above Main Street, a lot of eyes are turning toward private equity. Numerous PR flacks have emailed in the past day, to offer up clients who can discuss how buyout firms are positioned to become the white knight to [insert your favorite financial institution here]. […]
PNC Equity Partners has acquired The Country Vintner Inc., an Ashland, Va.-based fine wines distributor. No financial terms were disclosed. PRESS RELEASE PNC Equity Partners, II, L.P., announced today the acquisition of The Country Vintner, Inc. Headquartered in Ashland, VA, The Country Vintner (“TCV”) is the second largest distributor of fine wines in the United […]
ICV Capital Partners has re-acquired Marshall Retail Group, an operator of specialty retail stores in casino resort locations. No financial terms were disclosed. ICV originally acquired the company in 2003 from the founding Marshall family, before selling it to Bruckmann, Rosser, Sherrill & Co. in 2005. PRESS RELEASE ICV Capital Partners, LLC (ICV), a private […]
Invesco WL Ross has formed a joint venture with Huaneng Capital Services, a subsidiary of Chinese power company China Huaneng Group. The 50/50 partnership is designed to identify private equity investment opportunities in China’s power generation market. PRESS RELEASE Invesco WL Ross, which combines the strength of the private equity expertise of WL Ross […]
UK private equity firms 3i and ECI Partners have been linked with the acquisition of an estimated £1.25bn of NHS contracts to run primary healthcare centres. 3i, ECI Partners and Merrill Lynch Private Equity were named in one consortium, while Alliance Boots, owned by US private equity firm Kohlberg Kravis Roberts, has been confirmed as […]
Competitive Power Ventures Holdings, a North American power development and asset managing company, has received a new equity commitment of up to $300 million from existing shareholder Warburg Pincus. PRESS RELEASE Competitive Power Ventures Holdings, LLC (CPV), a North American power industry development and asset management company, today announced an agreement with Warburg Pincus, […]