Stricter US guidelines on leveraged lending are starting to have a bigger impact on banks’ appetite for underwriting leveraged buyouts, particularly smaller deals that do not generate big enough fees to justify falling foul of regulators, according to sister magazine IFR.
4 min read · 27 December 2013
Private equity firm Kohlberg Kravis Roberts & Co said on Tuesday it had raised a $1.5 billion real estate fund, its first dedicated investment pool for the asset class, which is rebounding in the United States amid a modest economic recovery, according to sister news service Reuters.
3 min read · 26 December 2013
Specialty drugmaker Aptalis Holdings Inc, owned by private equity firm TPG Capital LP, filed with U.S. regulators to raise up to $500 million in an initial public offering of its common stock, according to sister news service Reuters.
1 min read · 26 December 2013
Private equity firm KKR & Co LP said on Tuesday it would invest C$250 million ($235 million) in Torq Energy Logistics Ltd, an operator of transloading terminals in Canada that is benefiting from the country's resources boom, Reuters reported.
1 min read · 24 December 2013
2 min read · 24 December 2013
La Quinta Holdings Inc, a hotel chain backed by The Blackstone Group, said on Monday Dec. 23 it had confidentially filed with U.S. regulators for an initial public offering of its common stock, according to sister news service Reuters.
1 min read · 24 December 2013
Buyout firm Madison Dearborn Partners LLC is close to a deal to pay more than $1.5 billion to acquire Ikaria Inc, a specialty drug company backed by private equity and venture capital, people familiar with the matter told sister news service Reuters on Monday Dec. 23.
2 min read · 24 December 2013
GSO Capital Partners has agreed to a deal to refinance the credit facilities of Amaya Gaming Group's wholly-owned subsidiary, slot machine manufacturer Cadillac Jack. Quebec-based Amaya Gaming is a portfolio company of Difference Capital. The Credit Facilities will be used to repay the outstanding balance on a 2012 loan and to fund the ongoing working capital and other general corporate purposes of Cadillac Jack.
2 min read · 23 December 2013
Mosaic Capital Corporation announced this week that it has made a follow-on investment of $2.2 million in Remote Waste LP to acquire the 25% of the company it does not already own. Alberta-based Remote Waste is a provider of a variety of wastewater treatment and other environmental services.
2 min read · 23 December 2013
TransForce, a Montreal-based trucking company, has met the conditions required to proceed with the acquisition of Clarke Road Transport for $88 million. The acquisition will be complete as of the new year. Clarke Transport is an Ontario-based transportation company specializing in less-than-truckload services. Based in Halifax, Nova Scotia, Clarke is a private investor in a variety of private and publicly traded companies.
1 min read · 23 December 2013
