NEW YORK (Reuters) – Energy Future Holdings has extended the deadline on a massive debt exchange after getting just a fraction of the participation it had sought, the company said in a statement on Friday. Bondholders have offered to swap just $351 million of debt as of Thursday, out of $12.15 billion that was eligible […]
LONDON (Reuters) – Private equity firm Blackstone (BX.N) is preparing to float theme park operator Merlin Entertainments next year, hoping to take advantage of buoyant equity markets, a source familiar with the situation said. The U.S. buyout house has called in Citigroup (C.N), Goldman Sachs (GS.N), Deutsche Bank (DBKGn.DE), UBS (UBSN.VX) and Nomura (8604.T) to […]
LONDON (Reuters) – Fund management firm Gartmore, which manages more than 17 billion pounds ($28 billion) of assets, is preparing an initial public offering as early as the end of the year, sources close to the matter said on Friday. Private equity firm Hellman & Friedman, which holds a 50 percent stake in Gartmore, is […]
EverBank Financial Corp., a Jacksonville, Fla.-based financial services firm, has agreed to acquire Tygris Commercial Finance Group, a commercial finance and leasing company. The stock-for-stock transaction is expected to increase EverBank's capital base by about $470 million. EverBank has raised approximately $100 million in private equity funding from Sageview Capital. Tygris was formed in 2007 with more than $1.75 billion in equity commitments from Aquiline Capital Partners, New Mountain Capital, TPG Capital, Diamond Castle Holdings and Hamilton Lane.
GenNx360 Capital Partners has agreed to buy GVI Security Solutions Inc. (OTC BB: GVSS), a Carrolton, Texas-based provider of video security surveillance solutions. The deal is valued at approximately $11.6 million, or $0.38 per GVI share.
Maurice Allen and Michael Goetz have agreed to join law firm Ropes & Gray, after serving as co-heads of the banking and capital markets practice groups of White & Case. The pair will help Ropes & Gray open a London office in January, which will focus on the private equity and debt markets.
NEW YORK (Reuters) – Calpers, the biggest U.S. public pension fund, is reviewing its business relationship with Apollo Global Management, examining fees, performance and the “relationship as a whole,” the Wall Street Journal reported on Thursday, citing documents outlining the review. The review was started in May and is still active, the paper reported. Calpers, […]
NEW YORK, Oct 22 (Reuters) – Private-equity firm Apollo Global Management posted sharply improved investment performance across all of its funds Thursday, the Wall Street Journal reported citing a letter sent to investors. “We were incredibly active during this downturn with respect to new and existing investments, and I am sure that is exactly what […]
NEW YORK (Reuters) – BP Plc (BP.L) has had talks with Ghana’s national oil company about a possible joint bid for Kosmos Energy’s stake in the huge Jubilee oilfield off the coast of the country, Bloomberg said on Thursday, citing two people familiar with the matter. BP has hired Goldman Sachs to advise on the […]
General Electric has formed a $250 million fund to invest in healthcare technology companies. It's called the GE Healthymagination Fund, which aligns with the company's Healthymagination initiative