AWAS to sell aircraft portfolio to Macquarie Group for $4 bln

By Luisa Beltran — 12 months ago

AWAS, which is backed by Terra Firma and Canada Pension Plan Investment Board (CPPIB), has agreed to sell a portfolio of 90 aircraft to Macquarie Group Limited. The purchase price is $4 billion. The portfolio being sold comprises a fleet of 90 young, predominantly narrow-body aircraft. Dublin-based AWAS, one of the biggest aircraft lessors, is 75 percent owned by Terra Firma and 25 percent by CPPIB. Goldman Sachs and Deutsche Bank acted as financial advisors to AWAS.

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Deutsche Annington may pay 0.70 eur/shr dividend – Reuters

By Reuters News — 2 years ago

German real estate company Deutsche Annington‘s first dividend to shareholders following its 2013 listing could come to about 0.70 euros per share, writes Reuters. The group, which listed in Frankfurt in July but is still majority-owned by British financier Guy Hands’ private equity group Terra Firma, has said it plans to pay out 70 percent of its profits as a dividend.

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Terra Firma appoints Wilhelm as financial MD

By Angela Sormani — 2 years ago

Terra Firma has appointed Ingmar Wilhelm as financial managing director. Wilhelm will join Terra Firma’s dedicated renewable energy investment team at the beginning of January. This announcement follows the appointment of Stefan Thiele as operational managing director earlier this year.

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Terra Firma’s Infinis seeks value of up to $1.5 bln in London float – Reuters

By Reuters News — 2 years ago

Private equity-backed renewable energy generator Infinis Energy expects to be valued at as much as 930 million pounds ($1.48 billion) when it makes its London stock market debut this month, writes Reuters. The company, which operates 147 power generating plants across the UK, said the offering would be made up solely of existing shares being sold by majority owner Terra Firma.

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Terra Firma’s Infinis Energy to float in London – Reuters

By Reuters News — 2 years ago

Private-equity backed renewable energy generator Infinis Energy plans to list at least 30 percent of its shares in London next month, writes Reuters. The company, which operates 147 power generating plants across the UK, said majority shareholder Terra Firma would reduce its stake as part of the sale.

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Reuters – Deutsche Annington Revives IPO

By Reuters News — 3 years ago

Deutsche Annington, a German residential real estate company, is making a fresh attempt at a stock market listing, writes Reuters. The firm, majority-owned by private equity company Terra Firma, said the initial public offering would seek to raise 575-592 million euros ($740-762 million) versus an initial goal of up to 1.2 billion euros, writes Reuters.

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Reuters – Terra Firma to Return Several Billion to Investors

By Reuters News — 3 years ago

Private equity firm Terra Firma will return 3 billion euros ($4 billion) to investors through disposals within the next 12 to 18 months, the Financial Times reported on its website on Sunday, writes Reuters. Terra Firma, founded by Guy Hands, will also persevere with a 3 billion euro fund to buy green infrastructure assets, less than the 5 billion originally planned, after China Development Bank failed to commit to the fund, the FT said.

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peHUB First Read

By Angela Sormani — 3 years ago

Find out what’s been happening over the weekend with the latest news links covering a private equity charity merger, the latest in Asian private equity deals and Terra Firma’s plan to return billions to investors over the next 18 months.

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Reuters – Terra Firma to Revive Odeon Sale

By Reuters News — 3 years ago

The private equity group Terra Firma plans to sell assets this year that are likely to include the European cinema chain Odeon & UCI Group to raise more than 1 billion pounds ($1.6 billion), according to the Financial Times, writes Reuters. The group, led by dealmaker Guy Hands, plans first to sell the energy firms Phoenix Natural Gas and Infinis before selling Odeon later in the year, writes Reuters.

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Slideshow: The Year’s Top Private Equity Deals

By Luisa Beltran — 3 years ago

Last week, we discovered which private equity firm was the biggest dealmaker. Now it’s time for the largest PE deals of the year. Global PE-backed M&A totaled $267 billion so far in 2012, a 12% drop from 2011, according to preliminary data from Thomson Reuters. Private equity-backed mergers targeting the U.S. reached roughly $137 billion year-to-date, a 7% decline from 2011.

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Reuters/IFR – Terra Firma Leads PIKs Down New ABS Path

By Reuters News — 3 years ago

Terra Firma‘s planned ABS-style Payment-In-Kind bond may be easier to sell to investors than some market experts anticipate due to stricter rules on cash payouts to equity investors, writes Reuters/IFR. Guy Hands’ Terra Firma buyout group this week agreed to buy Annington Homes from Nomura in a deal worth 3.2 billion pounds ($5.1 billion), which will be financed by 1 billion pounds of new equity, debt financing in the form of the PIK, and the assumption of existing securitised debt of 2.2 billion pounds.

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