Goldsmith in Line Up for Petroplus Plants
More potential buyers lined up for the assets of insolvent refiner Petroplus on Thursday, with private equity group Goldsmith registering interest in all five of its plants, writes Reuters. Swiss-based Petroplus is filing for insolvency after battling with high debt and poor refining margins.
Reuters - More potential buyers lined up for the assets of insolvent...
Hutchison to Buy Orange Austria from France Telecom
Hong Kong’s Hutchison 3G will buy Orange Austria from France Telecom and a private equity fund in a deal valued at 1.3 billion euros ($1.7 billion) including debt, writes Reuters. The deal by the unit of Hutchison Whampoa follows a cluster of outbound M&A transactions from Asia in early 2012 as firms with large cash...
Policard Leaves Morgan Stanley for KKR
Vincent Policard joins KKR as a director in the firm's infrastructure team. Policard, who will be based in London, will be responsible for originating and executing transactions in the European infrastructure sector. He joins from Morgan Stanley where he was part of the infrastructure fund team.
United Silver and Hale Capital Partners Complete $6M Financing
United Silver Corp., a mining company based in Vancouver, has finalized its agreement with New York-based private equity firm Hale Capital Partners, which has issued USC $6 million in secured convertible notes. Proceeds of the loan will be used for working capital and general corporate purposes.
PRESS RELEASE:
United Silver Corp. (”USC” or the “Company”) CA:USC -1.37%...
SandRidge Energy to Acquire Dynamic Offshore Resources for $1.27 Billion
Publicly traded SandRidge Energy, an oil and natural gas company headquartered in Oklahoma City, Oklahoma, is planning to acquire Dynamic Offshore Resources for $1.275 billion, consisting of roughly $680 million in cash and approximately 74 million shares of SandRidge common stock valued at $8.02 per share.
PRESS RELEASE:
SandRidge Energy, Inc. (NYSE: SD) has entered into an...
Iochpe-Maxion Finalizes Acquisition of Hayes Lemmerz
Sao Paulo-based Iochpe-Maxion S.A. announced today that its subsidiary, Iochpe Holdings, has officially acquired Hayes Lemmerz International to create Maxion Wheels, a global wheels business with manufacturing locations in 12 countries.
PRESS RELEASE:
Iochpe-Maxion S.A. (”Iochpe-Maxion”) announced today that its subsidiary, Iochpe Holdings, LLC, has finalized its transaction to acquire Hayes Lemmerz International, Inc. (”Hayes Lemmerz”). The transaction combines...
Quantum Telecom Acquires Zebra Technologies
Quantum Telecom, a publicly traded, global provider of network and business support systems for MVNOs, has announced plans to acquire a controlling stake in Israel-based Zebra Technologies, through its subsidiary Forum Mobile Israel.
Forum Mobile Israel is purchasing 51% of Zebra’s shares using Quantum shares and has an option to purchase the remainder of them.
PRESS RELEASE:
Quantum...
Corey Panno Appointed President of Telmar Group
Telmar, a New York-based software and services company that caters to the ad industry, has appointed Corey Panno president of Telmar Group. Formerly the president of Telmar North America, Panno will assume management responsibility for all worldwide business units.
Panno joined Telmar in 1989 as an account executive. Before then, he held media planning roles both...
Gulf Capital Close to Deal for Reach Group
Abu Dhabi-based private equity firm Gulf Capital is close to sealing a deal to buy 80% of consultancy firm Reach Group, Reuters reported Thursday. Gulf Capital will be closing the transaction during the first quarter this year through its $533 million Private Equity Fund II, Reuters wrote. The value of the deal is estimated at...
CVC’s Ahlsell Deal to Include $1.2B in Debt
Buyout firm CVC will employ more than $1.2 billion in debt in its buyout of Ahlsell, Sweden's largest supplier of tools and building materials, Reuters reported Thursday. According to Reuters, it is the largest loan to back a leveraged buyout in Western Europ since WorldPay's acquisition by Advent International and Bain Capital in 2010.
Lightyear Capital Buys PE-backed Paradigm Management
Lightyear Capital has acquired Paradigm Management Services, a provider of healthcare management services, from Sterling Partners. Middle-market investment bank Harris Williams & Co. announced the deal, which closed on Wednesday. Terms were not released. Harris Williams & Co advised Paradigm.
KEMET Buys Niotan
KEMET Corp., a listed manufacturer of tantalum, ceramic, aluminum, film, paper and electrolytic capacitors, will acquire all of the outstanding shares of Niotan Inc. from Denham Capital Management. Niotan has been a significant supplier of tantalum powder to KEMET for several years, the company said in a statement. Terms of the deal were not released....
