Rakowski Joins Clearsight Advisors
John Rakowski has joined Clearsight Advisors as a director. He joins Clearsight from Carl Marks Advisory Group where he focused on M&A and financial restructuring deals. Before this, Rakowski was with Houlihan Lokey’s business services practice. PRESS RELEASE Business Services and Technology investment bank, Clearsight Advisors, announced today that John Rakowski has joined as a...
Glenstrata — some backlash? [updated with more backlash]
The Scheme will be subject to the following conditions:2.1 its approval by a majority in number of the Scheme Shareholders who are on the register of members of Xstrata...
Lazarus Capital Buys 3 Companies
Lazarus Capital Partners has invested in three companies -- Sauls Seismic, Nomis Seismographs and South Technical Services--using PE-Nexus. The Birmingham, Ala.-based PE firm took majority stakes in the companies, a spokeswoman says. Financial terms of the transactions were not announced. PE-Nexus is a private market network for middle market M&A execs. The three deals took...
Sterling Infosystems Buys Axciom Info Security Services
Sterling Infosystems, which is backed by Calera Capital, has acquired Acxiom Information Security Services. The seller was Acxiom Corp. Financial terms weren't announced. Acxiom Information Security is a background screening company.
Centerbridge Partners Acquires Aquilex
Aquilex Holdings said Friday that it has financially restructured its debt and is now majority owned by Centerbridge Partners. Also, Aquilex CEO and President Bill Varner is retiring while Donovan Boyd was named chairman of the board. Rothschild provided financial advice to Aquilex, while Alvarez & Marsal was restructuring advisor. Aquilex provides maintenance, repair and...
THL Credit Backs Express Courier Acquisition of EagleOne
THL Credit has backed Express Courier‘s acquisition of EagleOne, a provider of same-day courier services in Southern United States. THL Credit and its managed fund, THL Credit Greenway Fund LLC, provided senior subordinated debt capital as part of the acquisition. Express Courier, a portfolio company of The Riverside Company, is headquartered in Franklin, Tennessee, and...
Temisys … eventually
“Thank you for depositing a $3bn merger rumour. An RNS will be credited to our investors in 24 hours.”As the FT wrote on Thursday morning …Misys missed out,...
The word from Zug – Xstrata confirms Glencore approach (Updated)
Xstrata statement:Response to speculationZug, 2 February 2012Xstrata plc (“Xstrata” or the “Company”) confirms that it has received an approach from...
The Iron Lady
Meet Gina Rinehart.She’s the richest person in Australia, and if the iron ore price holds, the daughter of Australian mining pioneer, Lang Hancock, could soon be the world’s...
Cequel to Make $440 Mln Payout to Investors including Quadrangle, GS Capital and Oaktree
The Quadrangle Group is getting some good news.
Today, Cequel Communications Holdings I said that it plans to refinance an existing $2.525 billion loan with a new $2.7 billion credit facility. The new loan will consist of a $500 million revolver and a $2.2 billion term loan B. Proceeds will be used to fund...
Thomas H. Lee, Bain to Invest Up to $300 Mln in Ryan Seacrest Media–UPDATED
Ryan Seacrest has gone private equity.
Thomas H. Lee Partners and Bain Capital have committed to invest up to $300 million in Ryan Seacrest Media, the investment company from the "American Idol" host. RSM will use the funds to "identify, acquire and develop innovative" media company, media content and other properties.
Tinker Bell plots Chime exit
Here’s one of those company statements that demands an instant translation. Guess it’s just ironic that it happens to concern the best-known PR man in Britain…....
