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LONDON (Reuters) – The Danish labour market pension scheme, ATP, said on Thursday it has made its first foray into clean energy with a $400 million investment in a renewable energy private equity fund. The scheme, known for looking beyond the traditional asset classes preferred by European pension funds, has invested in the Hudson Clean […]
ATLANTA (Reuters) – Drug Fair Group, a New Jersey pharmacy chain, said on Wednesday it filed a voluntary petition for Chapter 11 reorganization and has an agreement to sell some assets to Walgreen Co (WAG.N). In a statement, Drug Fair said it reached an accord with a Walgreen subsidiary to sell assets associated with 32 […]
HgCapital has acquired stakes in three Spanish solar photovoltaic plants, from AIG Financial Products Corp. and Spanish investment bank 360 Corporate. No consideration represented an enterprise value of €300 million.
Ross Catlin and Thad Johnson have joined NewStar Financial as senior bankers focused on middle-market origination. Catlin will work out of Darien, Conn., and previously was a managing director of firstLight Financial’s middle-market sponsor finance group. Johnson will work out of Chicago, and previously was a managing director with Merrill Lynch Capital’s syndications and capital markets team.
Atlanta Equity Fund has sponsored a recapitalization of Empower Software Solutions, an Orlando, Fla.-based provider of HR management software. No financial terms were disclosed, except that Chatham Capital provided a $31 million junior secured facility.
KIEV (Reuters) – Ukraine’s privatisation agency said on Wednesday it planned to sell off blocking shares in five regional energy companies in April or May, a project it has backed since 2008. The State Property Fund said the sales would apply to Poltavoblenergo (25.0 percent), Prykarpatoblenergo (25.02 percent), Lvivenergo (26.98 percent), Chernihivoblenergo (25.0 percent) and […]
SHANGHAI (Reuters) – Semiconductor Manufacturing International Corp (0981.HK) (SMI.N), China’s top contract chip maker, plans to split off its solar cell and its chip packaging and testing units and list their shares in the not-too-distant future, a company official said on Thursday. The official gave no further details, but Taiwan’s Commerical Times newspaper reported on […]
HONG KONG (Reuters) – From a pure antitrust perspective, China’s basis for the rejection of Coca-Cola’s (KO.N) $2.4 billion bid for Huiyuan Juice (1886.HK) failed to stack up to international standards. The Coke-Huiyuan deal was China’s first major test to its new antitrust laws, enacted last year in an effort to bring its business competition […]
NEW YORK (Reuters) – Texas-based private equity firm TPG wrote down the value of investments in its latest buyout fund by 29 percent at the end of 2008, according to a document obtained by Reuters on Wednesday. TPG Partners VI is a buyout fund of about $19 billion in size which the firm finished raising […]
TOKYO (Reuters) – U.S. bank Goldman Sachs (GS.N) will bid for USJ Co Ltd (2142.T) this month to take the operator of Japan’s Universal Studios theme park private, three people familiar with the matter said on Wednesday. Goldman, which has a history of taking stakes in Japanese companies to turn them around and sell at […]
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