The head of JC Flowers has reportedly established a fund under his personal control – a possible solution to stringent US bank holding company regulations.
2 min read · 04 January 2013
TPG, Kohlberg Kravis Roberts and Goldman Sachs have sold a minority stake in the electricity distribution arm of portfolio company Energy Future Holdings, formerly TXU. The sale is the first since the record $45bn buyout closed in October 2007.
2 min read · 04 January 2013
The Canadian power generation company has rejected an all-cash take-private by LS Power Equity Partners and Global Infrastructure Partners saying that the firms’ ‘highly conditional approach’ undervalues the company.
2 min read · 04 January 2013
The private equity branch of UK-based Standard Life will add Jamie Ebersole to its roster of investment professionals as the firm seeks to rebuild its Boston office. Ebersole joins Eric Albertson, who was appointed North American investment director in May.
2 min read · 04 January 2013
Gary Stein has moved over to the Leon Black-led alternative asset manager to enhance the firm’s visibility ahead of an expected $418m float on the NYSE.
2 min read · 04 January 2013
Private equity now makes up 11 percent of the Canadian pension’s capital under management, which has grown to nearly $128bn. The CPPIB has narrowly bucked the loss-making trend among North American pension funds, recording a 1 percent total return on investments in the three months ended in June.
2 min read · 04 January 2013
The education-focused firm has acquired Ex Libris Group from technology investor Francisco Partners, which purchased the Israeli automation company two years prior.
1 min read · 04 January 2013
The private equity units of Citi and Greenhill & Company will partner with senior management to buy out publicly traded BreitBurn for $305m.
1 min read · 04 January 2013
Atlantis Plastics has sold off its molded plastics business to the KPS Special Situations spin-out as the distressed plastics company enters into Chapter 11.
1 min read · 04 January 2013
Chrysler Financial, the lender Cerberus purchased alongside its corresponding auto unit last July, fell $6bn short of its $30bn target while renewing its credit facilities. The lender’s credit rating was reduced to B- last week on news of the company exiting consumer leasing.
3 min read · 04 January 2013
