SREI Infrastructure Finance Ltd. is planning to raise up to $1 billion for investments in Indian infrastructure projects, Reuters reported Monday. The fund aims to tap foreign investors to help meet the infrastructure needs of India’s growing economy. The fun is to be set up by March of next year, Reuters wrote.
3 min read · 16 May 2011
Private equity firm Arle Capital has led a buyout, with engineering group Stork Technical Services, of the Scotland-based oilfield services firm RBG, Reuters reported. Arle and Stork bought the company from private equity shop 3i Group, Reuters said. Financial terms of the deal were not released. Arle Capital spun out of the buyout house Candover last January. Candover, a private equity victim of the credit crunch, last year decided to wind itself down.
2 min read · 16 May 2011
Buyout shop Apax Partners has teamed up with Deficom Telecom to acquire certain assets of French cable operator Numericable. The two companies will pay more than 350 million euro ($493 million) for Numericable's units in Belgium and Luxembourg. Deficom is based in Luxembourg.
1 min read · 16 May 2011
TPG Capital will buy Primedia Inc., a company that helps people find apartments and homes via print and web publications such as Rentals.com. TPG will pay $7.10 per share in cash for the company, representing a transaction value of $525 million. The transaction is expected to close in the third quarter of 2011.
5 min read · 16 May 2011
Private equity firm Charterhouse has acquired a majority stake in environmental consultancy Environmental Resource Management from rival buyout shop Bridgepoint, Reuters reported. The deal is reportedly valued at roughly $950 million. Charterhouse will take a 65% stake in ERM.
1 min read · 16 May 2011
The Canada Pension Plan Investment Board said Friday that it paid 270 million euros ($386 million) for a 50% stake in CentrO Oberhausen, a German shopping and leisure center. CPPIB is buying the stake from Stadium Group, a private group of companies that specializes in retail properties, Reuters reported. In an unrelated deal, CPPIB also bought a 36.9% in Mayflower partnership, which owns a portfolio of 13 regional malls located in the United States, Reuters said.
2 min read · 13 May 2011
Private equity firm Doughty Hanson is refinancing 635 million euros ($904 million) in debt that that it used to buy offshore fund administration firms Equity Trust and TMF Group, Reuters reported. Bank of Ireland, HSBC and Unicredit are expected to lead a leveraged loan refinancing. The new financing will provide a single debt structure for the two financial management businesses, Reuters wrote.
2 min read · 13 May 2011
With regulatory hurdles threatening to derail the $4.1 billion buyout of Korea Exchange Bank, South Korea's Hana Financial Group and buyout shop Lone Star are working to extend the planned deal, Reuters reported. Before the deal can proceed, a court must meet to rule on stock price manipulation charges involving KEB’s current majority owner Lone Star.
3 min read · 13 May 2011
Tangent Energy Solutions, which is backed by EnerTech Capital, has added three independent directors to its board: Nora Mead Brownell, Richard Grigg, and Donald Kendall. Grigg most recently served as President of FirstEnergy Utilities. Brownell is a former commissioner for the Federal Energy Regulatory Commission and the Pennsylvania Public Utility Commission. Kendall has a background in power and energy industry financing. Tangent Energy is based in Kennett Square, Penn.
3 min read · 13 May 2011
Private equity, wealth and asset management firm Baird has added Steven Goldberg as Managing Director and Head of Real Estate Investment Banking. Goldberg was most recently the group head of real estate investment banking at FBR Capital Markets. He will be based in McLean, Va.
3 min read · 13 May 2011
