1 min read · 29 September 2014
Lawyers who persuaded seven private equity firms to pay $590.5 million to settle lawsuits accusing them of conspiring to depress the prices of corporate buyouts before the financial crisis are seeking fees of about $195 million for their work, according to sister news service Reuters.
2 min read · 29 September 2014
Spie, a company that dates back to the construction of the Paris Metro rail network more than a century ago, plans to raise up to about 1.2 billion euros (US$1.5 billion) in a stock market offering that could value it at as much as 2.75 billion euros, Reuters reported. The energy services company said proceeds will be used to cut debt, increase financial flexibility and pursue its growth strategy. Spie is currently majority owned by private equity firms Ardian and Clayton Dublier & Rice, along with the Caisse de dépôt et placement du Québec.
2 min read · 29 September 2014
Canada's largest natural gas producer Encana Corp said on Monday it has agreed to buy Athlon Energy for US$5.93 billion in cash, as it accelerates its plan to focus on more lucrative oil and natural-gas liquids, Reuters reported. The takeover will lead to a huge payday for Apollo Global Management. The Fort Worth, Texas-based Athlon was formed in 2010 with the backing of the U.S. private equity firm that still owns over 30 percent of the company's stock.
3 min read · 29 September 2014
After years of turnover and turmoil that contributed to weak returns, the Connecticut Retirement Plans and Trust Funds’s private equity portfolio appears to have righted course. It is pacing its commitments more judiciously while backing more proven managers.
4 min read · 29 September 2014
Eagle Merchant Partners, a private equity firm, is exploring a sale of PODS Enterprises Inc that could value the U.S. moving and storage company at about $1 billion, including debt, according to people familiar with the matter.
2 min read · 29 September 2014
Spanish call center operator Atento SA, owned by private equity firm Bain Capital, said it expected its initial public offering to be priced $19-$22 per share, valuing the company at up to $1.60 billion.
1 min read · 29 September 2014
Buyout shop AEA Investors is nearing an agreement to buy packaging equipment company Pro Mach Inc for around $1 billion, according to people familiar with the matter, the latest in a series of private equity deals in the packaging sector.
1 min read · 29 September 2014
American Beacon Advisors Inc, a manager of mutual funds owned by buyout firms Pharos Capital Group LLC and TPG Capital LP, is exploring a sale that could value it at more than $600 million, including debt, according to people familiar with the matter.
1 min read · 29 September 2014
2 min read · 29 September 2014
