Private Equity
Philadelphia Energy Solutions Refining and Marketing LLC, the Carlyle Group and Sunoco Corp. joint venture running the massive 330,000-barrel-a-day refinery in Philadelphia, has proposed a $500 million senior secured term loan that sets the stage for the payment of a $200 million special dividend within 12 months of closing. The money is also earmarked for general corporate purposes.
3 min read · 08 March 2013
Scott Nuttall, global head of capital and asset management at KKR & Co. LP, said the bull market run in the U.S. equity market could boost the marquee private equity firm’s prospects for selling its portfolio companies to strategic rivals.
3 min read · 06 March 2013
White Deer Management LLC has completed a $1.4 billion fund, White Deer Energy LP II , as it seeks to tap into the U.S.’s energy boom.
2 min read · 06 March 2013
Apollo Global Management LLC Chairman and CEO Leon Black drew a $75 million pay raise in 2012 to lift his total estimated compensation to approach the $200 million level of buyout salary king Stephen Schwarzman of Blackstone Group LP.
2 min read · 05 March 2013
