1 min read · 26 September 2009
Brett Pantazi has joined mid-market I-bank Nolan & Associates as a managing director. He will work out of the firm's St. Louis office, and previously was with National City Capital Markets and A.G. Edwards Capital Markets.
1 min read · 25 September 2009
2 min read · 25 September 2009
1 min read · 25 September 2009
1 min read · 25 September 2009
1 min read · 25 September 2009
LDC has sponsored an £11 million management buyout of Homeserve Emergency Services, a UK-based provider of home emergency fulfillment services to the domestic insurance industry, from Homeserve PLC.
4 min read · 25 September 2009
JLL Partners and Warburg Pincus are facing an investor lawsuit in opposition to their plan to recapitalize Builders FirstSource Inc. (Nasdaq: BLDR). The two firms currently hold a combined 49.9% stake in the residential construction company, and have agreed to both a $75 million rights offering at $2 per share and a debt-for-equity swap. The suit claims the recap would not be in the best interest of the company or its other shareholders.
3 min read · 25 September 2009
Ares Management and Teachers' Private Capital, owner of mattress maker Serta, have agreed to buy Simmons Bedding Co. from THL Partners. The deal would include Simmons filing for a prepackaged Chapter 11 bankruptcy, which would reduce its debt from $1 billion to around $450 million (filing within 30-6 days). The actual sale would be valued at $760 million, including equity from the purchaser and both debt and equity from certain existing Simmons lenders. Serta and Simmons would continue to be operated independently.
7 min read · 25 September 2009
Chesapeake Energy Corp. (NYSE: CHK) has formed a joint venture on a portion of its midstream assets, with Global Infrastructure Partners. The deal would create a new entity called Chesapeake Midstream Partners, in which each firm would own a 50% stake. Chesapeake Energy would receive $588 million in cash from Global Infrastructure Partners.
6 min read · 25 September 2009
