ReSearch Pharmaceutical Services Inc., a Fort Washington, Penn.-based provider of clinical development services to the biopharmaceutical industry, has filed for a $100 million IPO. It plans to trade on the Nasdaq, with Jefferies & Co. serving as lead underwriter. The company reports around $224 million in 2009 revenue, up from $175 million in 2008. Its […]
Andrew Peix has joined Serent Capital as vice president of origination. He previously was director of business development with Riverside Partners.
Pillsbury Winthrop Shaw Pittman LLP announced that it has hired a group of corporate and private equity attorneys from Nixon Peabody's New York office. The group is led by Mats Carlston, former Nixon Peabody head of global finance, who will lead Pillsbury's leveraged finance team. Other hires include: Doug Schneller (to lead distressed investing), James Kelly (head of leveraged buyouts) and William Egler (asset-backed finance).
Nordic Capital has acquired a 70% stake in SiC Processing AG, a German industrial recycling company, from Frog Capital and other investors. No sale price was disclosed. SiC Processing's founding family retains a 25% holding, while former lead investor Zouk Ventures retains a 5% stake.
Alpstar Capital has teamed with an undisclosed "industrial partner" to acquire Dutch cement company Cementum. No financial terms were disclosed, except that Rabobank provided debt financing.
(Reuters) – Landry’s Restaurants Inc (LNY.N) Chief Executive Tilman Fertitta’s $1.4 billion bid for the seafood restaurant operator received the support of a crucial shareholder on Sunday, the Wall Street Journal said, citing a person familiar with the matter. U.S. hedge fund Pershing Square Capital Management, which has control of just under 25 percent of […]
(Reuters) – Korea Investment Corp (KIC) said on Monday it would invest $200 million in Chesapeake Energy Co (CHK.N) as the U.S. No.2 natural gas firm was set to issue a total of $900 million worth of convertible preferred stock. Along with KIC, China Investment Corp (CIC) and Singapore state investor Temasek Holdings [TEM.UL] would […]
(Reuters) – India’s Anil Dhirubhai Ambani Group plans to sell a stake in Reliance Communications’ (RLCM.BO) telecoms tower unit to GTL Infrastructure (GTLI.BO) and a private equity investor, the Mint reported on Monday. The sale in Reliance Infratel will be through a combination of cash and stock, the paper said citing bankers, and would take […]
(Reuters) – Pacific Alliance Group (PAG), an Asia-focused alternative investment manager, said on Monday that it has hired Weijian Shan, TPG Capital’s [TPG.UL] former top China partner, as group chairman and chief executive officer. Shan, who left TPG earlier this month, would take the new position on July 1, it said. After joining PAG, Shan […]
(Reuters) – Private equity firm CVC Capital Partners is close to agreeing a deal to buy a 30 percent stake in theme park operator Merlin Entertainments, the Financial Times reported in its Monday edition. CVC would buy the minority stake from Merlin’s existing shareholders, which include U.S private equity group Blackstone (BX.N), KIRKBI A/S, a […]