TMS International Inc., a Glassport, Penn.-based provider of outsourced industrial services to steel mills, has filed for a $150 million IPO. it plans to trade on the NYSE under ticker symbol TMS, with Boa Merrill Lynch, Credit Suisse and J.P. Morgan serving as co-lead underwriters. The company reports $1.3 billion in 2009 revenue, with a $79 […]
NEW YORK (Reuters) – Private equity firm Kohlberg Kravis Roberts & Co (KKR.AS) reported a sharp increase in first-quarter earnings on Thursday as fee income and the value of its investments rose. KKR is one of the biggest private equity firms in the world with investments in companies such as retailer Dollar General Corp (DG.N), […]
(Reuters) – China National Offshore Oil Corp, parent of offshore oil and gas specialist CNOOC Ltd (0883.HK), and General Electric Co (GE.N) are considering setting up a 3 billion yuan ($439 million) private equity fund, the China Daily said, citing sources familiar with the matter.Both companies will hold stakes of 50 percent each in the […]
MELBOURNE (Reuters) – Australian hospital operator Healthscope (HSP.AX) said it has received a $1.6 billion takeover approach from a group of buyout firms, which a source said were Carlyle Group and TPG. Healthscope shares soared as much as 21 percent to a two-year high on news of the approach, which marked a return of big […]
Ikaria, a Clinton, N.J.-based biopharma company, has filed for a $200 million IPO. It plans to trade on the Nasdaq under ticker symbol IKAR, with Goldman Sachs and Morgan Stanley serving as co-lead underwriters. The company reports nearly $275 million in 2009 revenue, compared to $237 million last year. Its net income grew from $9.6 […]
(Reuters) – Noranda Aluminum Holding Corp cut its initial public offering size and price, the producer of primary aluminum products said on Thursday. In a regulatory filing, Noranda said it now expects to offer 10 million shares priced between $8 and $9 each, down from its earlier plan to offer 16.7 million shares at $14 […]
NEW YORK (Reuters) – Express Parent LLC (EXPR.N), a U.S. clothing company, and Roadrunner Transportation Systems Inc (RRTS.N), a transportation logistics company, fell in their market debuts on Thursday. Express shares opened flat with their initial public offering price, then traded down. The shares opened at $17 and dipped as low as $16.50 before recovering […]
HONG KONG (Reuters) – Newbridge Asia, a unit of buyout fund TPG, is selling 160 million shares in China’s Ping An Insurance (2318.HK) (601318.SS) for up to $1.26 billion, according to a term sheet obtained by Reuters on Thursday. Newbridge is selling the shares in a price range of HK$60.52-$61.28 each, which will raise up […]
Mark Genender has agreed to join The Carlyle Group as a New York-based managing director in the firm's consumer and retail group. He previously co-founded Star Avenue Capital with Irving Place Capital and Creative Artists Agency, and was a managing director with Fenway Partners.
Paul Lattanzio has been named president of Star Avenue Capital, a consumer growth equity vehicle recently formed by Irving Place Capital and Creative Artists Agency. Lattanzio is the former head of Bear Growth Capital Partners.