HKBN Ltd, Hong Kong’s second-largest broadband Internet provider, will launch its IPO on Tuesday, with shareholders including CVC Capital Partners looking to raise up to $750 million, sources familiar with the IPO plans told Reuters.
2 min read · 23 February 2015
Fairfax Financial Holdings has agreed with a syndicate of underwriters to raise $650 million in a bought deal financing. The offering of subordinate voting shares, which is expected to close on March 3rd, is intended to help finance Fairfax's proposed purchase of Brit Plc, a specialty insurer and reinsurer. The Toronto-based Fairfax said it may raise additional funding for the US$1.88 billion acquisition through debt and/or preferred share issuances. Headquartered in London, United Kingdom, Brit is a portfolio company of Apollo Global and CVC Capital Partners.
3 min read · 23 February 2015
Riverbed Technology Inc and Project Homestake Merger Corp have announced that the latter intends to privately offer US$575 million of senior notes. Net proceeds of the offering will contribute to the funding of the acquisition of Riverbed by U.S. private equity firm Thoma Bravo and Teachers' Private Capital, an investment arm of Ontario Teachers' Pension Plan. The deal, which was announced in late 2014, is priced at US$3.6 billion. Based in San Francisco, Riverbed is a network equipment maker.
5 min read · 23 February 2015
A Canadian aboriginal community that has partnered with Steelhead LNG on a proposed major liquefied natural gas export terminal plans to decide within months whether to take an equity stake in the $30 billion project, Reuters reported. The Huu-ay-aht are working with the Vancouver-based company on the planning and design of the plant on their land in British Columbia. Steelhead is backed by Canadian private equity firm KERN Partners.
2 min read · 23 February 2015
1 min read · 23 February 2015
This is an audio recording of Buyouts Insider’s March 12 compensation webinar, featuring expert commentary from executives with Holt Private Equity Consultants and MM&K.
2 min read · 23 February 2015
The following bids, mergers, acquisitions and disposals were reported by Reuters as of 2115 GMT on Friday, Feb. 20.
4 min read · 20 February 2015
Network equipment maker Riverbed Technology Inc is the latest U.S. buyout loan to test investors’ apparently strong appetite for the type of highly leveraged loans that the U.S. regulator is trying to discourage in an otherwise quiet U.S. market, Reuters reported.
3 min read · 20 February 2015
4 min read · 20 February 2015
Canadian private equity firm TriWest Capital Partners has raised $500 million in the final close of its fifth partnership, TriWest Capital Partners Fund V LP, targeted for investments in mid-market companies based in Western Canada.
3 min read · 20 February 2015
