According to an SEC filing. Solace Capital has raised $126.8 million for its inaugural special situations fund. The target is $500 million. As previously reported by peHUB, the firm was launched in 2013 by former executives of Oaktree Capital.
Blackstone Real Estate Partners Europe IV has acquired 16 UK-based logistics assets from a joint venture between Oaktree Capital Management LP and Anglesea Capital. The acquisition is for Blackstone’s European logistics company Logicor. No financial terms were disclosed.
Oaktree Capital Management has agreed to acquire Pulse Electronics Corp, a provider of electronic components. The value of the transaction is for $17 million. Houlihan Lokey Capital Inc served as financial advisor on the deal.
Oaktree Capital Management LP has acquired Hess Corp‘s stake in HETCO, a marketer and trader of energy commodities. No financial terms were disclosed. As a result of the transaction, HETCO will change its name to Hartree Partners LP.
AdvancePierre Foods is interviewing investment banks to prepare for a sale that could value the private equity-owned protein and sandwich supplier at more than $2 billion, including debt, sources told Reuters.
Aluminum processor Aleris Corp IPO-ARS.N filed on Thursday to withdraw its $500 million initial public offering, nearly three years after postponing the listing due to market conditions, Reuters reported.
AdvancePierre Foods, which is backed by Oaktree Capital, has agreed to buy the wholesale and manufacturing operations of Landshire Inc, an Illinois-based sandwich products maker. No financial terms were disclosed for the transaction that is expected to be completed during the first quarter of this year.
Comfrio Soluções Logísticas and Stock Tech Logística, both of which are owned by Aqua Capital, have merged to become a cold storage business in Brazil. No financial terms were disclosed. The transaction was made after Aqua bought the remaining equity of Comfrio, which it had previously co-owned as well as 100 percent of Stock Tech. Also, AGRO Merchants Group, which is backed by Oaktree Capital, has acquired a stake in the combined company and been added to its board of directors.
Oaktree Capital Management and other lenders are close to striking a deal with Providence Equity Partners to take control of the security company that vetted former spy agency contractor Edward Snowden, the New York Post reported.
This week’s jobs include vice president positions at TZP Group, Oaktree, Aequitas Capital and Citi; plus, a deputy investment officer at Utah Retirement. Also, Google Capital is seeking an associate.
This morning’s First Read brings another round of charges aimed at big banks, Oaktree names its first CEO, another mega-medical merger rears its head and a legendary television show to return.
This week on the jobs’ board there are private equity associate, leveraged finance associate, private equity operations administrator, CFO and compliance officer positions up for grabs at Hastings Funds Management, NYC Office of the Comptroller, Oaktree Capital, Societe Generale, Trive Capital and The Guardian Life Insurance Company of America.
PE stories trending on peHUB this week: how to go from VP to partner, an end to the drama at Centerplate, and job openings at CalPERS, Tritium Partners and more.
In Second Opinion, Apple denies that an iCloud breach caused the theft of celebrity nude photos, Credit Suisse investigates two traders on its European equities sales team in London and FanDuel raises $70 mln.
According to an updated SEC filing, Townsquare Media, a portfolio company of Oaktree Capital Management, will sell 8.3 million shares of its IPO at a price between $14 and $16 per share. The company is planning on listing the stock on the NYSE under the ticker symbol “TSQ.” BofA Merrill Lynch, Jefferies and RBC Capital Markets will serve as the lead underwriters. Based in Greenwich, CT, Townsquare Media is a radio station operator.
Trending on peHUB this week: Glenn Beck fundraising for TheBlaze, Spectrum Equity raising another $1 billion fund, and VCs getting excited about real estate websites.
Homebuilder Woodside Homes Inc filed with U.S. regulators on Wednesday for an initial public offering of its common stock, Reuters reported.
Radio station operator Townsquare Media LLC filed with U.S. regulators on Tuesday to raise up to about $143.8 million in an initial public offering, Reuters reported.