TOKYO (Reuters) – Japan’s Toshiba Corp (6502.T) plans to bid for French nuclear group Areva’s (CEPFi.PA) power distribution and transmission equipment unit, four sources with direct knowledge of the situation said, in a deal that could cost it more than $5 billion. Toshiba, which runs a far-flung electronics conglomerate, is focusing on its power generation […]
NEW YORK (Reuters) – Struggling private equity lender American Capital Ltd said on Thursday it has entered into forbearance agreements with some of its lenders after receiving notices of acceleration concerning $393 million of privately placed notes. The company reached deals with these lenders, which added a $21.6 million “make-whole” payment to the outstanding principal, […]
Archipelago Learning Inc., a Dallas-based provider of online education tools and services, has filed for a $75 million IPO. It plans to trade on the Nasdaq under ticker symbol ARCL, with BoA Merrill Lynch serving as sole underwriter. Providence Equity Partners acquired a majority stake in Archipelago Learning in January 2007, for $84.5 million. www.archipelagolearning.com
(Reuters) – Bankrupt luxury home builder WCI Communities Inc (WCIMQ.PK) said it has emerged from Chapter 11 as a private company, eliminating more than $2 billion in debt and liabilities. The company, once led by billionaire investor Carl Icahn, constituted a new board of directors comprising five members. Monarch Alternative Capital, a private investment firm, […]
Pacific Plaza Health and Living, a Costa Rican private healthcare complex, has raised an undisclosed amount of funding from Aureos Capital’s Emerge Central America Growth Fund. PRESS RELEASE Aureos Capital’s Emerge Central America Growth Fund (EMERGE) has invested in Pacific Plaza Health and Living (“PPHL), a state-of-the-art private healthcare complex, designed to serve the growing […]
SEOUL (Reuters) – A new South Korean private equity fund company aims to acquire assets from the country’s unproductive defense contractors in a series of deals expected to reach nearly $1 billion, its CEO said. Chae Do-sun, CEO of Pacific Point Ltd, told Reuters in an interview the South Korean government was also keen to […]
LONDON (Reuters) – Alchemy Partners’ founding partner Jon Moulton has left the company, the private equity firm said on Thursday, as the buyout industry struggles with the aftermath of the credit crisis. Dominic Slade, who led the firm’s buyout business, will take over take over the helm at Alchemy, with media reporting there had been […]
ABRY Partners has agreed to acquire a majority stake in Grande Communications Inc., a San Marcos, Texas-based telecom provider. No financial terms were disclosed, although a March VentureWire report said that ABRY was trying to secure more than $125 million in debt financing through SunTrust Bank. Grande has raised over $340 million in VC funding […]
WILMINGTON, Del. (Reuters) – The retailing business of Samsonite Corp, the world’s top luggage maker, filed for bankruptcy on Wednesday as part of a reorganization aimed at closing roughly half of its 173 U.S. stores. Samsonite Company Stores LLC said its Chapter 11 filing is aimed at focusing the business on its outlet stores, which […]
Regency Energy Partners (Nasdaq: RGNC) has raised $80 million in a private placement from Harvest Partners and MTP Energy Management.