Conditions in the leveraged loan market mirror those in the subprime market, the IMF said in its semiannual report. The result could be a rise in defaults, widespread volatility and the drying up of dealflow.
2 min read · 04 January 2013
Tom Hicks’ SPAC has raised $552 million in an initial public offering said to be the largest of its kind to date. The blank check vehicle will target one or more non-energy businesses in the US or Canada.
2 min read · 04 January 2013
The post-IPO lock-up for shares of Tom Hicks’ special purpose acquisition vehicle ended today. Units of one share of common stock and one warrant traded up 2 cents today from the $10 per share offer price.
1 min read · 04 January 2013
Avalon Laboratories, which manufactures connection devices for life support machines, is American Capital’s sixth investment in the medical technology sector.
1 min read · 04 January 2013
Newly formed venture firm Third Rock Ventures will use its first fund for investments in early stage biotechnology companies.
1 min read · 04 January 2013
The Halifax Group has backed the management buyout of PJ United, the largest franchisee of pizza chain Papa John’s. The deal is Halifax’s first in the restaurant sector.
2 min read · 04 January 2013
The Blackstone Group and Wellspring Capital Management will merge Performance Food Group with their portfolio company Vistar Food.
2 min read · 04 January 2013
Newly formed venture firm Third Rock Ventures will use its first fund for investments in early stage biotechnology companies.
1 min read · 04 January 2013
Guggenheim Aviation Partners has closed its second fund on $737 million, more than twice the size of its 2005 debut vehicle.
1 min read · 04 January 2013
Harvest Partners has agreed to sell US Silica to distressed specialist Harginger Capital Partners, just one month after acquiring the silica sand producer.
1 min read · 04 January 2013
