NEW YORK (Reuters) – Private equity firm Blackstone Group (BX.N) will remain a major client of Goldman Sachs (GS.N) and has never had reason to question the investment bank’s behavior on any deal it has worked on with them, Chief Executive Stephen Schwarzman said on Thursday. Goldman last Friday was accused of fraud by the […]
AMSTERDAM/MADRID (Reuters) – Endesa (ELE.MC) has launched the sale of its Spanish gas distribution and transmission network, a disposal that could fetch up to 760 million euros, several people familiar with the matter said on Thursday. The Spanish utility, in which Italy’s Enel (ENEI.MI) has a 92 percent stake, sent out teasers to interested parties […]
Providence Equity Partners has offered to acquire AcadeMedia AB, Sweden’s largest independent education company with approximately 45,000 students and course attendants at around 150 locations. AcadeMedia is publicly-trade in Stockholm. The proposal would value AcadeMedia at approximately $283 million, with AcadeMedia stockholders to receive SEK165 per share (3% premium to yesterday’s closing price). www.provequity.com
Jack Gavin has joined LLR Partners as an operating partner, with a focus on business services companies. He is the former president and CEO of Drake, Beam, Morin.
NEW YORK (Reuters) – Private equity giant Blackstone Group (BX.N) reported a rise in quarterly earnings that beat analysts’ estimates, and said it was seeing concrete signs of improvement in its investment portfolio. Economic net income was $360 million for the first quarter, compared with a loss of $82 million a year earlier. Adjusted ENI […]
Advent International has acquired UK sofa retailer DFS for an undisclosed amount. This comes less than a month after the company's founder said DFS was not for sale, despite persistent press reports of a £500 million auction.
Oak Hill Capital Partners has agreed to acquire The Hillman Companies Inc. from Code Hennessy & Simmons, Ontario Teachers’ Pension Plan and certain members of company management. The deal is valued at $815 million, with Hillman's publicly traded trust preferred securities to remain outstanding on the NYSE-AMEX. Hillman is a Cincinnati-based distributor of hardware items to retail customers.
Gary Pritchard and Susan Healy have joined Global Infrastructure Partners as a senior operating principal and head of investor relations, respectively. Pritchard most recently ran SABIC Innovative Plastics' supply chain, while Healy spent 13 years in IR with The Carlyle Group.
AXA Private Equity has acquired a $1.9 billion portfolio of limited partnership interests in mature buyouts funds from Bank of America.
Global Geophysical Services Inc., a Missouri City, Texas-based provider of technology that collects seismic data for oil and gas industry, raised around $90 million via its IPO. The company sold 7.5 million shares at $12 per share, compared to plans to offer 11.5 million shares at between $15 and $17 per share. Global Geophysical will trade […]