NEW YORK (Reuters) – CIT Group Inc (CIT.N) shares surged on Tuesday following a newspaper report that hedge fund Paulson & Co wants to combine the cash-strapped lender with a Paulson-affiliated bank once known as IndyMac. But a person familiar with the matter denied the report. The New York Post, citing unnamed sources, said a […]
NEW YORK (Reuters) – RailAmerica Inc (RA.N), which owns and operates short-line and regional freight railroads in North America, has set the terms for its planned initial public offering, which is scheduled for October. RailAmerica said in an updated prospectus filed with U.S. regulators it expects to sell 21 million shares for between $16 and […]
MANAMA (Reuters) – Ratings agency Moody’s downgraded Bahrain-based Investcorp INVB.BH on Tuesday, citing the fragility of its financial condition and the tough environment for private equity deals to generate income. Moody’s said in a statement it had downgraded the long-term deposit rating of the Bahrain- and London-listed investment house to Ba2 from Ba1, its financial […]
Novacap Technologies has led an acquisition of Pkware, a Milwaukee-based provider of enterprise data-centric security and compression software. No financial terms were disclosed. Other members of the buying consortium included Maranon Capital, Garrett Investments and members of Pkware management.
Lakeside Steel Inc. (TSX-V: LS) said yesterday that it has not received a takeover approach from John Maneely Co., following a trade publication report that John Maneely Co. had Lakeside and another company “in its sights.” John Maneely is a portfolio company of The Carlyle Group. PRESS RELEASE Lakeside Steel Inc. (TSX-V: LS) (“Lakeside” or […]
ArcLight Capital Partners has acquired oil and natural gas pipelines in the deepwater Gulf of Mexico from ATP Oil & Gas Corp. (Nasdaq: ATPG) for $78 million.
Xaloy, a New Castle, Penn.-based maker plastic processing wear components and ancillary equipment, has acquired Spirex Corp., a Youngstown, Ohio-based designer of plasticating unit products. No financial terms were disclosed. Xaloy is a portfolio company of Industrial Growth Partners.
Chris Hammond has joined Nashville-based private equity firm Gen Cap America as a vice president. He previously was a principal with Calvert Street Capital Partners.
Karl Kurz has joined CCMP Capital as a managing director, and co-head of the firm's energy investment practice. He also will sit on the CCMP investment committee. Kurz had spent the past nine years with Anadarko Petroleum, most recently as chief operating officer.
Accretive Health Inc., a Chicago-based provider of healthcare revenue cycle management services, has filed for a $200 million IPO. It plans to trade on the NYSE under ticker symbol AH, with Goldman Sachs and Credit Suisse serving as co-lead underwriters. The company reports around $398 million in 2008 revenue, and that Oak Hill Capital Partners […]