Private Equity
The air freight service company has shut down after filing for bankruptcy twice in two and a half years. As aviation companies grapple with sky high oil prices, Gemini will follow in the ill-fated footsteps of The Yucaipa Companies-owned Aloha Airgroup and MatlinPatterson-controlled ATA Airlines.
2 min read · 04 January 2013
The Canadian pension and the infrastructure platform of investment bank Morgan Stanley have each acquired 50 percent of Chile’s second largest electric energy company.
2 min read · 04 January 2013
The publicly traded Canadian buyout firm expects to hold a final close on its third mega-fund in early 2009. CEO Gerald Schwartz has said despite having done no deals in the second quarter, Onex sees attractive opportunities and is not discouraged by credit conditions.
2 min read · 04 January 2013
The private equity secondaries firm has purchased its first portfolio made up exclusively of Latin American companies from Buenos Aires, Argentina-based Pegasus Capital. The transaction is the first for Paul Capital’s São Paulo office.
2 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
More than 55 leases in the US oil- and gas-producing region are involved in the firms’ Royal Offshore joint venture. The agreement represents Avista’s second multimillion dollar energy exploration deal in the past two weeks, as it continues to deploy its debut $2bn fund.
1 min read · 04 January 2013
Six months after closing a $3.6bn fund, the New York buyout firm has agreed to buy Harvey Gulf International Marine, which provides services to the oil industry in the Gulf of Mexico.
1 min read · 04 January 2013
Global Infrastructure Partners and energy company Fortistar have acquired bankrupt Texas power generation plant Channelview after US courts approved the deal last month.
2 min read · 04 January 2013
GMR Infrastructure will purchase AIG’s 50 percent stake in power generation company InterGen, while Ontario Teachers’ will continue to hold the remainder of the company it purchased with AIG in 2005. The firms paid a combined $1.75bn to acquire InterGen two years ago.
1 min read · 04 January 2013
The distressed investment shop has paid an undisclosed sum for an 85 percent stake in the parent company of Arrow Cargo, the largest US air cargo carrier operating from Miami International Airport. It already owns at least one other Latin America-focussed freight cargo operator.
2 min read · 04 January 2013
