Global Jet Capital to acquire GE Capital’s corporate aircraft portfolio

By Iris Dorbian — 4 months ago

Global Jet Capital, a financing solutions provider for private jets, has agreed to buy GE Capital’s aircraft lease and loan portfolio reportedly valued at about $2.5 million. Deutsche Bank Securities Inc, BofA Merrill Lynch and Citi advised Global Jet Capital on the deal. Global Jet Capital, is backed by GSO Capital Partners, The Carlyle Group and AE Industrial Partners.

Continue

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.

Continue

DESRI buys Balko Wind from Apex

By Iris Dorbian — 1 year ago

D. E. Shaw Renewable Investments LLC. has acquired Balko Wind from Apex Clean Energy. No financial terms were disclosed. Santander Bank N.A., KeyBank N.A., Citi and Banco de Sabadell provided financing for the acquisition and construction of the project. Balko is a wind energy project in Beaver County, Oklahoma.

Continue

Streetline nabs $10 mln

By Iris Dorbian — 2 years ago

Streetline, a smart parking company headquartered in Foster City, Calif., said Tuesday that it has raised $10 million in funding. The firm’s backers include Citi, Fontinalis Partners, RockPort Capital Partners, Sutter Hill Ventures, True Ventures and Qualcomm Ventures. In conjunction with the funding, Streetline has appointed Abe Yokell to its board of directors.

Continue

American Energy agrees to buy acres in Ohio and West Virginia for $1.75 bln

By Iris Dorbian — 2 years ago

American Energy-Utica said Monday that it has agreed to acquire approximately 27,000 net acres in Monroe County, Ohio from East Resources and an unidentified private firm. Also, American Energy-Marcellus has inked agreements to buy about 48,000 net acreages in five West Virginia counties from the same sellers. The combined price of these acquisitions is $1.75 billion. Both transactions are expected to be completed in the next 60 days. Citi and Goldman Sachs served as financial advisors to AEU and AEM, while Jefferies was financial advisor to the sellers. American Energy-Utica and American Energy-Marcellus are both backed by The Energy & Minerals Group.

Continue