Carlyle and a group of local investors still own 100 percent of the equity of Hawaiian Telecom. A Carlyle-led consortium bought the company’s predecessor from Verizon Communications in 2005 for an enterprise value of $1.6bn.
2 min read · 05 January 2013
Described by a former coworker as 'the relationship guy', Richard Klapow has left Macquarie Capital’s advisory arm in New York to join Alinda Capital Partners as a managing director, marking the third recent senior executive departure at Macquarie.
2 min read · 05 January 2013
According to RiskMetrics, a corporate governance advisory group, investors in publicly listed funds, such as those managed by Macquarie and Babcock & Brown, are being kept in the dark about the funds' contractual arrangements.
2 min read · 05 January 2013
The public private partnership represents the largest development of schools in Canadian history and the second such project for Babcock & Brown Public Partnerships in that country. The fund has a 75 percent equity stake in the 32 year design, build, finance and maintain contract.
3 min read · 05 January 2013
The private equity firm has seen WaMu shares tumble 95 percent since its original $2bn investment in April and has waived its right to price reset provisions, seen as a necessary measure for WaMu to avoid bankruptcy and for TPG's investment to retain any value going forward.
4 min read · 05 January 2013
The pre-emptive offer has been made following three previous attempts to initiate takeover negotiations of Teranet, a publicly listed e-service company with a monopoly on the Ontario Electronic Land Registration System.
2 min read · 05 January 2013
The US-based infrastructure fund has also completed its first deal, with the purchase of a $363m stake in Florida-based Global Tower Partners from another Macquarie-managed infrastructure fund.
2 min read · 05 January 2013
The resignation of Phil Green as a non-executive director comes less than a month after he resigned his position as the firm’s CEO. The change comes amid ongoing strategic review and restructuring at the Australian infrastructure specialist.
2 min read · 05 January 2013
The clean energy fund's hire of Larry Henry follows a $300m capital commitment to Hudson by Credit Suisse as well as the departure of the vice chairman of its investment banking division to co-head the Goldman Sachs spin-out.
2 min read · 05 January 2013
The newly-formed private equity firm founded by three ZelnickMedia partners has emerged as the previously unidentified buyer of Greenfield Online’s internet survey business. Microsoft recently bought Greenfield for $486m after it bettered by $2 per share an earlier offer made by Quadrangle Group.
2 min read · 05 January 2013
