Communications and events company UBM said it would acquire Advanstar Communications, a privately-held trade show organizer, for $972 million, writes Reuters. Advanstar is controlled by hedge fund Anchorage Capital Group and private equity firms Ares Management and Veronis Suhler Stevenson.
1 min read · 01 October 2014
Residential solar panel installer Vivint Solar priced its initial public offering at $16 per share, valuing the Blackstone-backed company at $1.68 billion, writes Reuters. Vivint Solar is offering all the 20.6 million shares, which were priced at the low end of the expected range, raising $329.6 million.
2 min read · 01 October 2014
The Federal Reserve’s rebuke to Credit Suisse for failing to adhere to US leveraged lending guidelines is having an industry-wide effect as banks bow to regulatory pressures and start pulling back from underwriting highly leveraged loans, according to sister magazine Reuters IFR.
3 min read · 30 September 2014
Computer Sciences Corp has contacted private equity firms including Blackstone Group LP and Bain Capital LLC to gauge their interest in a leveraged buyout, Bloomberg reported.
1 min read · 30 September 2014
EBay Inc (EBAY.O) plans next year to spin off PayPal, its fast-growing payments business, giving in to activist investor Carl Icahn's argument for a leaner company better equipped to compete in the competitive mobile payments market, Reuters reported.
3 min read · 30 September 2014
Global equity capital markets returned with a vengeance in 2014 as bankers, investors and companies led a charge that culminated spectacularly in Alibaba, the biggest share listing ever.
3 min read · 30 September 2014
Specialty chemicals maker PQ Holdings Inc, backed by Carlyle Group LP, said on Friday it has withdrawn its initial public offering of up to $450 million.
1 min read · 29 September 2014
Evraz North America, the U.S. unit of Russian steelmaker Evraz, wants to raise about $400 million from an initial public offering (IPO) of between 25 percent and 35 percent of its shares, two banking sources told Reuters.
1 min read · 29 September 2014
Australia's Treasury Wine Estates Ltd, one of the world's biggest wine companies, rejected takeover offers from private equity firms saying bids that valued it at $3 billion were insufficient and required it take on too much debt, Reuters reported.
3 min read · 29 September 2014
Business software maker Tibco Software Inc on Sept. 29 said private equity firm Vista Equity Partners would take it private for $4.3 billion in the largest technology buyout this year, according to sister news service Reuters.
2 min read · 29 September 2014
