U.S. casino operator Caesars Entertainment Corp is working with investment bank Lazard Ltd on a financial restructuring, a person familiar with the matter told sister news service Reuters.
1 min read · 11 February 2014
Kohlberg Kravis Roberts & Co LP said it would liquidate two funds targeting individual investors, in a blow to the private equity firm’s efforts to widen its appeal beyond institutional investors such as pension funds and insurance firms, sister news service Reuters reported.
2 min read · 11 February 2014
Land registration specialist Teranet Inc has signed an agreement with the Manitoba government to transfer the province's property registry to Teranet Manitoba LP by Mar. 2014. Under the terms of the agreement, Teranet will make an upfront payment of $75 million and annual royalties starting at an estimated $11 million per year, growing to an estimated $24 million by end of term. Additionally, Teranet Manitoba will invest about $35 million in systems development to make property searches and registrations available on an online system. Based in Toronto, Teranet is a portfolio company of Borealis Infrastructure, an investment arm of the Ontario Municipal Employees Retirement System. Borealis bought the company for $1.6 billion in 2008.
4 min read · 10 February 2014
Aeropostale Inc is considering raising capital from private equity firms as the struggling teen retailer evaluates various ways to shore up both its balance sheet and its share price, four people familiar with the matter told sister news service Reuters.
2 min read · 10 February 2014
Kensington Power Income Fund LP, which is managed by Toronto-based alternative assets manager Kensington Capital Partners, was recently closed. Launched in 2012, and focused on investing in mid-market power projects, the fund raised commitments totaling over $41 million. According to Kensington, the fund has already invested almost half of its capital in electrical generating assets in Alberta and British Columbia. That activity includes its most recent disclosed deal, the Dec. 2013 purchase of Sparwood, B.C.-based heat recovery platform Crowsnest Pass Power Plant from Mistral Power Inc. Kensington plans to launch another power income fund for individual investors later this year.
2 min read · 10 February 2014
German tyre and car parts group Continental has bought U.S. private equity firm Carlyle Group’s rubber and plastics division for about 1.4 billion euros ($1.9 billion), sister news service Reuters reported.
2 min read · 10 February 2014
The sale of a minority stake in French veterinary health company Ceva Sante Animale is set to attract bids from several buyout groups, three people familiar with the situation told sister news service Reuters.
2 min read · 10 February 2014
Aaron’s Inc shareholder Vintage Capital Management said it offered to acquire the electronics and furniture rental chain in a deal valued at about $2.3 billion, its fourth attempt to buy the company in three years, sister news service Reuters reported.
2 min read · 10 February 2014
2 min read · 10 February 2014
3 min read · 10 February 2014
