Private Equity
Blackstone has backed Black Rhino, an African infrastructure development company. The business was set up to develop and operate large-scale infrastructure projects across Sub-Saharan Africa with a focus on the energy sector.
1 min read · 31 July 2014
International logistics, transport and air and sea company Norbert Dentressangle is to acquire third party logistics provider, Jacobson Companies from Oak Hill Capital Partners. The transaction is valued at $750 million.
5 min read · 31 July 2014
ArcLight Capital Partners' portfolio company Republic Midstream has partnered with Penn Virginia Corporation to construct and operate a crude oil gathering system, a central delivery terminal complex and an intermediate takeaway pipeline. ArcLight has committed $400 million to Republic Midstream, which will be managed by two of ArcLight's experienced midstream portfolio companies, American Midstream Partners and JP Energy Partners LP.
5 min read · 31 July 2014
Two proposed changes to the Income Tax Act in South Africa will have a positive impact on the venture capital industry and stimulate investment into privately owned entrepreneurial businesses in South Africa. A higher investee asset threshold, as well as a permanent investment deduction, will increase the appeal of venture capital as an investment asset class, at the same time giving a boost to small business development and job creation.
5 min read · 31 July 2014
CCMP Capital Advisors has acquired Solvay's Eco Services business unit in a transaction valued at $890 million. Eco Services recycles spent sulfuric acid for continuous supply to the oil refining industry and manufactures high quality virgin acid products for broad industrial applications including mining, water treatment and other chemical processes.
2 min read · 31 July 2014
Leeds Novamark Capital has backed Commercial Foodservice Repair to support its acquisition of Foodservice Technologies. Headquartered in Greenville, South Carolina, CFR is a provider of foodservice equipment maintenance and repair services to convenience stores, restaurants, retailers, and other foodservice channels.
2 min read · 31 July 2014
Newfield Exploration Company is selling its Granite Wash assets to Trilantic/First Reserve portfolio company Templar Energy. The value of the transaction is $588 million. Newfield's assets in the Granite Wash include approximately 42,000 net acres and current net daily production is nearly 65 MMcfe/d, of which approximately 60% is natural gas.
3 min read · 31 July 2014
Today, First Read brings you news of KKR's Infrastructure II fund, myths about Asian venture capital, New York State Insurance Fund hiring for a special investment officer and buyout shops that are preferring to spread the wealth amongst themselves.
1 min read · 31 July 2014
Levine Leichtman Capital Partners has realized a 27 percent IRR and 2.3x multiple on its investment in Consumer Portfolio Services. Further financial details of the transaction were not disclosed. LLCP invested in the business six years ago.
1 min read · 30 July 2014
The Carlyle Group has released its unaudited results for the second quarter of 2014. European private equity investments performed well for the group with Carlyle Europe Partners III appreciating 47 percent over the past year.
2 min read · 30 July 2014
