Beck joins Peak Rock as a principal

By Iris Dorbian — 1 month ago

Peak Rock Capital LLC has appointed Carsten Beck has a principal. Beck will be working in the firm’s Brussels, Belgium office. Previously, Beck worked as a director at Barclays’ investment banking unit in London.

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Cupric Canyon seeks $350 million to develop Botswana mine: Reuters

By Reuters News — 3 months ago

Cupric Canyon Capital, a private equity firm backed by the former Natural Resource Investments unit of Barclays, said it would approach the market to raise up to $350 million, in order to bring its Khoemacau copper and silver mine in northwest Botswana into production. The construction of the mine in the Kalahari Copper Belt is […]

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Pamplona to acquire MedAssets for about $2.7 bln

By Iris Dorbian — 3 months ago

Pamplona Capital Management has agreed to buy MedAssets, a healthcare performance improvement company, for $31.35 per share or about $2.7 billion. Also, Pamplona has agreed to divest MedAssets’ spend and clinical resource management unit to VHA-UHC Alliance following the deal’s closing. Morgan Stanley and Barclays are providing financial advice to Pamplona on the transaction.

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Apax Partners completes AssuredPartners acquisition

By Iris Dorbian — 4 months ago

GTCR has sold insurance broker AssuredPartners to Apax Partners. No financial terms were disclosed. BofA Merrill Lynch served as lead financial advisor to AssuredPartners and GTCR on the transaction with Barclays and Morgan Stanley & Co. also providing financial advice.

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PE-backed MPS goes public

By Iris Dorbian — 4 months ago

New York City-based Multi Packaging Solutions International Limited, a provider of value-added packaging services, has raised about $215 million for its IPO after pricing its stock at $13 per share. The stock began trading Thursday on the New York Stock Exchange under the ticker symbol “MPSX.” BofA Merrill Lynch and Barclays were the lead underwriters. MPS is backed by The Carlyle Group and Madison Dearborn Partners.

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ICG adds Rabel as MD

By Iris Dorbian — 4 months ago

Intermediate Capital Group has appointed Jeffrey Rabel as managing director. Previously, Rabel worked at Barclays where he served as a managing director in the company’s financials sponsors group.

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PE-backed LoanDepot files for IPO

By Iris Dorbian — 4 months ago

California-based consumer lender LoanDepot Inc has filed for an IPO. The number of shares that will be sold as well as the stock’s pricing terms have yet to be set. Morgan Stanley, Goldman Sachs, Wells Fargo Securities, Barclays and UBS Investment Bank will serve as the lead underwriters. LoanDepot is backed by Parthenon Capital Partners.

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KED and BDT Capital to acquire stake in Truck-Lite

By Iris Dorbian — 5 months ago

Koch Equity Development LLC and BDT Capital Partners LLC have agreed to acquire Falconer, New York-based Truck-Lite, a provider of safety lighting and filtration systems for commercial vehicles. No financial terms were disclosed for the deal that’s expected to close in the fourth quarter of this year. Baird and Wells Fargo provided financial advice to Truck-Lite on the transaction while Barclays did likewise for KED. Truck-Lite is currently owned by Penske Corp (which will retain an ownership stake in Truck-Lite) and Kelso & Company.

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Highstar Capital-backed Advanced Disposal files for IPO

By Iris Dorbian — 6 months ago

Advanced Disposal, a provider of solid waste collection, transfer, recycling and disposal services, has filed for an IPO. The number of shares the stock will sell as well as its pricing terms have yet to be set. Deutsche Bank Securities, Credit Suisse and Barclays are serving as the lead underwriters. Advanced Disposal is backed by Highstar Capital.

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Blackstone to sell AVINTIV to Berry Plastics for about $2.45 bln

By Iris Dorbian — 7 months ago

Berry Plastics Group Inc has agreed to acquire AVINTIV from The Blackstone Group LP for about $2.45 billion. The deal is expected to be completed by the end of the year. Credit Suisse and Barclays provided financial advice to Berry Plastics on the transaction while Citi and BofA Merrill Lynch did likewise for AVINTIV and Blackstone. Headquartered in Charlotte, North Carolina, AVINTIV is a specialty materials provider used in infection prevention, personal care, and high-performance solutions.

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Partners Group to acquire Knowledge Universe’s U.S. early childhood education unit

By Iris Dorbian — 7 months ago

Partners Group has agreed to buy Knowledge Universe‘s U.S. early childhood education business. No financial terms were disclosed for the transaction that is expected to be completed later this year. Joel Schwartz, private equity managing director at Partners Group will join KUE LLC’s board after the deal closes. Credit Suisse, Barclays, BMO Capital Markets, Goodwin Procter LLP and KPMG LLP are advising Partners Group on the deal. KUE LLC is the parent company of KinderCare Learning Centers.

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