ML

Matt Levin

Carlyle, JMI join forces in C$180m take-private

The firms will pay C$2.90 per share for Gemcom Software International, a Canadian developer of software solutions for the mining industry.

2 min read · 04 January 2013

Warburg Pincus, Tenaska to sell power plants for $856m

The duo will sell three jointly-owned US power plants just a year after their purchase, in addition to a fourth facility owned solely by Tenaska.

2 min read · 04 January 2013

Carlyle buys Booz Allen government consulting for $2.5bn

The Washington DC-based firm has added to its public sector portfolio with a majority stake in a unit of the consulting giant.

2 min read · 04 January 2013

Greenhill launches placement arm with Lehman division's director

US investment bank Greenhill & Co. has hired Christopher Kirsten and four other Lehman agents to launch a fund placement division.

2 min read · 04 January 2013

American Capital invests $300m in asset-based lender

The publicly listed alternatives firm, which earlier this month posted an $813m loss and sacked 80 employees, will extend a mix of debt and equity to Core Business Credit.

2 min read · 04 January 2013

Apollo portfolio company files for $250m IPO

The private equity firm will retain a majority stake in Noranda Aluminum, a Tennessee-based aluminum manufacturer.

1 min read · 04 January 2013

GSC SPAC acquires energy company for $1.3bn

The alternative asset manager’s blank cheque vehicle, formed last June, has purchased power plant operator Complete Energy Holdings, a TCW portfolio company.

2 min read · 04 January 2013

Apollo downplays Linens ‘n Things loss

A letter sent to Apollo limited partners explains the fund’s IRR will drop only minimally if an investment in the now-bankrupt housewares giant is marked down to zero.

2 min read · 04 January 2013

Blackstone blames Deutsche Telekom, FAS 157 for first quarter loss

On a conference call, president Tony James touted his firm’s deal flexibility but said prices are ‘still way too high’ in the middle market.

3 min read · 04 January 2013

Sterling Stamos expands private equity, real assets platform

The multi-strategy asset manager has tapped Deutsche Bank veteran Robert Goodman to head its growing alternative assets unit.

2 min read · 04 January 2013

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