(Reuters) Aquiline Capital Partners, a private equity firm, said it has hired former Wachovia Corp Chairman and Chief Executive Ken Thompson. The Charlotte Observer said Thompson is working as a senior adviser, spending time in New York and in Charlotte, North Carolina, and has worked at Aquiline for several months. (Compiled by Archana Shankar in […]
(Reuters) – Alberta Investment Management Corp, which manages about C$80 billion ($72 billion) in assets, is on the lookout for investment opportunities similar to its recent purchase of a major stake in Precision Drilling Trust. AimCo Chief Executive Leo de Bever said in an interview on Thursday that the Alberta provincial fund manager is looking […]
(Reuters) – Private equity firm ZelnickMedia Corp has dropped its pursuit of the Austin American-Statesman, a person familiar with the matter said on Thursday, underscoring how hard it is to sell newspapers in the desultory publishing market. Cox Enterprises put the Austin paper up for sale last August, along with 28 other newspapers to raise […]
(Reuters) – Australia’s Macquarie Group Ltd (MQG.AX) is buying Tristone Capital Global Inc, the Canadian energy investment bank, for C$116 million ($105 million) to expand in oil and gas advisory services, asset deals and equity research. Under the deal, Macquarie, which has been amassing businesses in Canada, will pay privately held Tristone C$57 million in […]
One Equity Partners, the buyout arm of JPMorgan Chase, will pay $123 million for a 49% stake in TV Guide Network and TVGuide.com. Lions Gate Entertainment Corp. purchased TV Guide Network for $250 million in February after One Equity saw its agreement to purchase the company broken by its seller. Private investor Allen Shapiro will […]
W.P. Carey & Co. has promoted Gino Sabatini to managing director. The investment firm promoted Kathleen Barthmaier and Darren Postel as Directors. Press release: Investment firm W. P. Carey & Co. LLC (NYSE: WPC), has announced the appointment of Gino Sabatini as Managing Director and Kathleen Barthmaier and Darren Postel as Directors. Mr. Sabatini joined […]
(Reuters) – Four private equity firms are preparing binding bids for Wood Mackenzie, the energy consulting firm owned by beleaguered rival Candover, ahead of a June 2 deadline, a source familiar with the matter said on Thursday. Bain Capital, Charterhouse Capital Partners [CHCAP.UL], Hellman & Friedman and Warburg Pincus [WP.UL] are preparing bids for Wood […]
(Reuters) – The Canada Pension Plan Investment Board (CPPIB) said on Thursday aims to boost its real estate and infrastructure investments in fiscal 2010 as it looks to take advantage of opportunities arising from the global economic crisis. The CPPIB, one of Canada’s largest pension funds, said its projected portfolio at the end of fiscal […]
Robert Pacha has joined Evercore Partners to lead the firm’s midstream energy practice. Pacha was previously a Managing Director at Bank of America Merrill Lynch, where he led the firm’s midstream energy and MLP practice. Press release: Evercore Partners Inc. (NYSE: EVR) announced today that Robert A. Pacha has agreed to join the firm’s Advisory […]
(Reuters) – Private equity firm The Carlyle Group [CYL.UL] gave a blunt assessment of 2008, calling the year a “humbling experience” as it saw three of its portfolio companies enter bankruptcy protection or administration. In addition to the bankruptcy or insolvency of German auto parts maker Edscha, energy company SemGroup, and Hawaiian Telcom, Carlyle also […]