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

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.


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.


Blackstone’s GSO Capital, Franklin Square, Carlyle and AE Industrial form Global Jet Capital

Blackstone‘s GSO Capital Partners, Franklin Square Capital Partners, Carlyle and AE Industrial Partners have teamed up to launch Global Jet Capital, which provides leasing and lending solutions for business jets. According to the new company, Global Jet Capital has “the financial capacity to fund more than $2 billion in aircraft financing for individual, corporate and government use globally.”


Dunes Point Capital buys Alco-owned assets

Dunes Point Capital has acquired a group of assets owned by Alco Industries. No financial terms were disclosed. DPC Investment Partners provided the equity for the deal; Blackstone‘s credit arm GSO Capital Partners and PNC Bank provided the debt. Alvarez & Marsal Transaction Advisory Group provided financial advice to DPC on the transaction while Houlihan Lokey was financial advisor to Alco.


Five Point and GSO invest in Twin Eagle

Five Point Capital Partners and GSO Capital Partners have acquired a 50 percent stake in Twin Eagle Resource Management from Chesapeake Energy Corp. and LS Power Group. No financial terms were disclosed. Also, Five Point, GSO and Twin Eagle’s management have committed to invest up to an additional $200 million to support Twin Eagle’s next growth phase. Headquartered in Houston, Texas, Twin Eagle is a natural gas and power marketing company.

U.S. PE Deal Value Jumped 78% in January

A surge of deal announcements in early January helped push up monthly transaction totals. The value U.S. private equity transactions rocketed by 78% to $8.2 billion in January, Thomson Reuters data says.

Texas Teachers’ Pledged $1.1B In Fourth Quarter

The giant Texas Teachers’ Retirement System committed more than $1.1 billion to private equity across seven investments in the fourth quarter, with some pledges going to long-time partners and some to new relationships…

Florida Reaches Torrid $6 Billion Commitment Pace

The pace of new private equity and alternative investments at the Florida State Board of Administration is likely to reach about $6 billion in fiscal 2012-2013, as Florida’s primary $126 billion pension fund gradually ramps up its allocations to so-called strategic investments from zero to 11 percent of the portfolio…

Legacy Reserves Announces New CFO

Midlands, Texas-based Legacy Reserves has appointed Dan Westcott as Executive VP and CFO, effective later this month. Westcott was previously a principal at GSO Capital Partners, a division of the Blackstone Group. Legacy Reserves is an independent oil and natural gas limited partnership that is focused on the acquisition and development of oil and natural gas […]

Reuters – Blackstone Unit to Buy Land from Hovnanian

Blackstone‘s credit unit has agreed to buy a portfolio of land from Hovnanian Enterprises in a $125 million deal, writes Reuters. Hovnanian, which builds single-family homes, townhouses and condominiums, will have an option to buy back finished lots on a quarterly basis from Blackstone’s GSO Capital Partners unit, writes Reuters. (Reuters) – Blackstone Group’s (BX.N) […]

PE HUB Community

Join the 12525 members of PE HUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget