Centerbridge completes IPC acquisition

Centerbridge Partners has closed its previously announced buy of IPC Systems, a Jersey City, New Jersey-based provider of network services and trading communication technology for the financial markets. No financial terms were disclosed although previous reports said the price of the transaction would be about $1.2 billion. The seller was Silver Lake Partners. Evercore and Goldman Sachs advised IPC while Barclays and Credit Suisse Securities (USA) LLC advised Centerbridge.


Forbes Private Capital hires Barclays executive Maureen Kerr

Maureen Kerr has joined Forbes Private Capital Group as a senior managing director in its New  York office. Kerr will be responsible for insurance coverage in the Americas, Europe and Asia. Prior to Forbes, she worked as a director with Barclays where she developed and managed the Japanese Yen private placement platform.


Madison Dearborn Partners to acquire Walgreens Infusion Services

Madison Dearborn Partners has agreed to buy a majority stake in Walgreens Infusion Services, a provider of home and alternate treatment site infusion services. No financial terms were disclosed for the transaction that is expected to close during the second quarter of calendar 2015. BofA Merrill Lynch provided financial advice to Walgreen Co. while Barclays, Deutsche Bank and Goldman Sachs advised MDP.


Centerbridge to buy IPC Systems for $1.2 bln

Centerbridge Partners has agreed to buy IPC Systems for about $1.2 billion. Silver Lake Partners is the seller. The deal is expected to close in January 2015. Jersey City, N.J.-based IPC provides network services and trading communication technology for the financial markets. Evercore and The Goldman, Sachs & Co. advised IPC. Barclays and Credit Suisse Securities provided financial advice to Centerbridge.


GIC to buy IndCor from Blackstone for $8.1 bln

Blackstone said late Monday that it has agreed to sell IndCor Properties to GIC, Singapore’s sovereign wealth fund, for $8.1 billion. IndCor, as a result, will no longer be pursuing an IPO, the statement said. IndCor owns and operates a portfolio of 117 million square feet of industrial properties throughout the United States. Eastdil Secured, Citigroup, Barclays and RBC Capital Markets acted as advisors to Blackstone.


Kelso and Estancia to acquire PE-owned American Beacon parent Lighthouse Holdings

Kelso & Company and Estancia Capital Management have agreed to buy Lighthouse Holdings, the parent company of American Beacon. No financial terms were disclosed for the transaction that is expected to be completed in the second quarter of 2015. RBC Capital Markets and Barclays are providing debt financing for the transaction. Sandler O’Neill + Partners is advising Kelso & Company and Estancia Capital Management while J.P. Morgan Securities is advising American Beacon. American Beacon is a provider of investment advisory services to institutional and retail markets. Lighthouse Holdings is owned by TPG Capital and Pharos Capital Group.


Residential solar firm Sunnova racks up $250 mln

Residential solar service firm Sunnova Energy Corp. has raised $250 million in funding. Franklin Square Capital Partners, which is advised by Blackstone‘s GSO Capital Partners, led the round that also included Triangle Peak Partners. Barclays served as placement agent to Sunnova on the transaction.


Cott Corp to buy DSS Group for $1.25 bln

Cott Corp. has agreed to buy DSS Group, parent company of DS Services, which is backed by Crestview Partners. The price of the transaction is about $1.25 billion. Credit Suisse provided financial advice to Cott on the deal while Barclays was financial advisor to DSS. Headquartered in Atlanta, DS Services is a provider of bottled water, office coffee and water filtration services. The deal is expected to close by the end of January 2015.


Permira inks $3.51 bln sale of Arysta LifeScience

Platform Specialty Products Corp. said Monday it has agreed to buy Arysta LifeScience for about $3.51 billion. Arysta, a crop protection and life science companies, is backed by Permira. Permira is expected to receive about $2.91 billion in cash and a $600 million in a preferred note in Platform. Credit Suisse, Barclays, UBS Investment Bank and Nomura Securities International acted as M&A advisors to Platform. Credit Suisse, UBS Investment Bank, and Nomura have committed financing for the acquisition. Morgan Stanley and J.P. Morgan provided financial advice to Permira.

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