Energy Future Holdings (EFH), the embattled Texas power generator, is planning to make a $270 million interest payment due on Nov 1, according to a person familiar with the matter, sister news service Reuters reported.
Altamont Capital Partners has officially begun fundraising for its second buyout fund with a target of $750 million, up $250 million from its inaugural fund which closed in 2011, on strong interest in the firm founded by veterans of Golden Gate Capital and Bain & Co, according to a person familiar with the firm.
First Reserve Corp is shouldering its way into a crowded field for its second-generation energy and infrastructure vehicle with a target of $2.5 billion, $1 billion more than its predecessor, as deal-making and fundraising in the sector continues at a healthy pace.
Stonepeak Infrastructure Partners, which was spun out of Blackstone Group two years ago, has raised $1.65 billion for its oversubscribed, inaugural middle-market infrastructure fund with support from anchor investor TIAA-CREF.
Carlyle Group LP said fundraising on its big three funds earmarked for buyouts in Asia, Europe and the United States remain on track to raise a combined $18 billion as the marquee firm reported healthy interest from sovereign wealth funds, individuals and public pension funds.
Target: Comverge Inc. Price: $49 million Sponsor: H.I.G. Capital The publicly traded energy management company Comverge Inc., which has been exploring strategic alternatives for more than a year, said March 26 that it had agreed to be taken private by H.I.G. Capital in a $49 million cash deal. The $1.75 per share offer price is […]
Firm: Conduit Capital Partners LLC Fund: Latin Power IV LP Target: $500 million to $750 million Conduit Capital Partners LLC is planning its next Latin American-focused power fund. The New York City-based shop will target between $500 million and $750 million for Latin Power IV LP. The predecessor vehicle closed in July 2006 with $393 […]
Things are going from bad to worse for the largest buyout in history. Key bondholders are holding up a debt exchange that would seek to alleviate pressure from the massive debt burden on Energy Future Holdings Corp., the Dallas-based energy company that Kohlberg Kravis Roberts & Co., TPG and GS Capital Partners bought in 2007 […]