Investindustrial to acquire majority stake in Goldcar

By Iris Dorbian — 1 year ago

Investindustrial has agreed to buy a 80 percent stake in Goldcar, a Spain-based holiday car rental firm. The founders and sellers will retain the remaining 20 percent stake. No financial terms were disclosed; however, Deutsche Bank provided the financing while JP Morgan and Lazard served as financial advisors. The deal is expected to be completed in the second half of December 2014.

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Fifth Street Asset Management rolls out IPO

By Iris Dorbian — 1 year ago

Fifth Street Asset Management, a credit-focused asset manager, has raised $102 million for its IPO after pricing its 6 million shares at $17 per share. The stock began trading Thursday on the NASDAQ under the ticker symbol “FSAM.” Morgan Stanley, J.P. Morgan, Goldman Sachs, RBC Capital Markets and Credit Suisse are the lead underwriters.

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Permira inks $3.51 bln sale of Arysta LifeScience

By Luisa Beltran — 1 year ago

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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VC-backed HubSpot raises $125 mln for IPO

By Iris Dorbian — 1 year ago

HubSpot raised $125 million for its IPO after pricing its 5 million shares at $25 per share. The stock began trading Wednesday on the NYSE under the ticker symbol “HUBS.” Morgan Stanley, J.P. Morgan and UBS were the lead underwriters. Headquartered in Cambridge, Mass., HubSpot is a marketing software provider. Its backers include General Catalyst, Matrix Partners, Scale Venture Partners, Sequoia Capital, Google Ventures and Charles River Ventures.

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Madison International Realty hires Paramount Group executive Chen

By Chris Witkowsky — 2 years ago

Madison International Realty has hired Michael Chen as managing director overseeing global equity capital markets activities. Chen joins the firm from Paramount Group, Inc., where he worked as a vice president and co-head of capital markets. Chen was jointly responsible for creating Paramount’s capital markets group. Prior to Paramount, Chen worked as executive director for the real estate and lodging investment banking group at J.P. Morgan.

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Evercore taps Monson for senior managing director

By Iris Dorbian — 2 years ago

Investment bank Evercore has hired Donald Monson as a senior managing director in its technology group. The appointment becomes effective in September. Previously, Monson worked at JPMorgan where he served as a managing director and head of international internet and digital media investment banking. Monson will be based in the firm’s Menlo Park, Calif. office.

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Ecommerce firm Cnova files for IPO

By Iris Dorbian — 2 years ago

Global ecommerce firm Cnova 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 and JP Morgan will serve as the lead underwriters.

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BC Partners could sell Spotless Group – Reuters

By Reuters News — 2 years ago

Private equity group BC Partners is considering selling French domestic cleaning products maker Spotless Group and is looking for a price tag of between 900 million euros ($1.23 billion) to 1 billion euros, writes Reuters. Bankers Rothschild and JP Morgan are likely to be selected to conduct the sale of the Spotless Group.

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Aquiline expands team with new hire

By Iris Dorbian — 2 years ago

New York-based private equity firm Aquiline Capital Partners said Monday that it has hired Reinhard Koester as an investment professional. In his new role, Koester will focus on banking and credit investments. Previously, Koester worked at J.P. Morgan where he served as a managing director and co-head of specialty finance and alternative asset managers.

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