Energy Future Intermediate Holdings (EFIH), a subsidiary of bankrupt power company Energy Future Holdings, announced a tender offer for its second-lien bonds, according to a public filing.
2 min read · 19 May 2014
TPG Capital LP is exploring a sale of RentPath Inc in a deal that could value the property listings company, known for its Apartment Guide and Rent.com websites, at more than $1.5 billion, according to people familiar with the matter.
2 min read · 19 May 2014
2 min read · 19 May 2014
2 min read · 19 May 2014
1 min read · 19 May 2014
Darden Restaurants Inc said it would sell Red Lobster to buyout shop Golden Gate Capital for $2.1 billion in cash, defying activist investors who opposed plans to shed the struggling seafood chain.
3 min read · 16 May 2014
An affilate of Equicapita Income Trust has bought Levy’s Machine Works Ltd, a Calgary-based custom design and speciality manufacturer of precision machined components. The financial details of the transaction were not published. The Levy's acquisition is the first for Equicapita, a private equity firm that is focused on purchasing private, Western Canadian businesses with enterprise values of $5 million to $20 million. Founded as an open ended trust in 2013, the firm has its headquarters in Calgary.
3 min read · 16 May 2014
Seattle Steam Co, a private utility that provides heat to buildings in the area of Seattle, Washington, has been acquired by the infrastructure group of Canadian alternative assets investor Brookfield Asset Management. The financial terms of the deal were not disclosed. Seattle Steam said Brookfield was interested in the company partly because of its renewable energy generating biomass boiler, which allows the company to reduce fossil carbon emissions for its customers by up to 60%.
2 min read · 16 May 2014
Canadian online payment processor Kubra, which is backed by private equity firm Clairvest Group, is up for sale, five sources told peHUB. Kubra, of Mississauga, Ontario, is a payment processor for utilities and companies in the insurance, financial services and healthcare sectors. First round bids for the company, which could sell for US$500 million, are due in June, sources said.
1 min read · 16 May 2014
Callidus Capital Corp, a specialty lending platform owned by Canadian private equity firm Catalyst Capital Group, has extended an $11.0 million loan to North American Tungsten Corp Ltd (TSX-V: NTC). Proceeds will be used to repay an operating loan facility, equipment loans and capital leases, and for working capital and investment in capital projects. Based in Vancouver, North American Tungsten is focused on the operation, development and acquisition of tungsten and other related mineral properties in Canada.
4 min read · 16 May 2014
