Arcapita related stories
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peHUB Wire: Monday, April 5, 2010Random Ramblings
- Arcapita posts $159 mln Q2 loss
Bahrain-based Islamic investment house Arcapita posted a $159 million second-quarter loss due to a slump in income from placement fees and lower asset valuations after property markets plunged.
- peHUB Wire: Tuesday, February 23, 2010
Random Ramblings
- peHUB Wire: Tuesday, February 23, 2010
Random Ramblings
- Q&A On M&A: Roark's Steve Romaniello Talks Restaurant Deals
For the restaurant industry, a recession can mean feast or famine. For Roark Capital, the plan is to chow down. The Atlanta-based buyout firm looking both for new restaurant acquisitions and add-on to its FOCUS Brands platform, which already includes Carvel, Cinnabon, Moe's Southwest Grill, Schlotzsky's, Seattle's Best International and McAlister's Deli. Roark's $1 billion fund, which closed in 2008, is 30% deployed. I spoke with Steve Romaniello, a managing director with the firm, on being "on-trend," bidding for cheese, deal multiples, and zigging while everyone else is zagging. What's the firm's outlook for restaurant performance this year? Will sales improve? We think its going to be another difficult year. Not quite as bad as last year, but we don't expect to see meaningful improvement in many segments until we start seeing employment growth again. And no one has any idea when that will be.
- Auction for a slice of Papa Murphy's heats up M&A market
The company is expected to sell for $180M
- PE Debt Watch (Upgrades and Downgrades)
As usual, we have a week’s worth of ratings actions on the debt of LBO-backed companies from ratings agencies Standard & Poor’s Ratings Services and Moody’s Investors Service. This week is apparently companies owned by Apollo, Warburg Pincus, JLL Partners, Arcapita and Kelso & Co. received ratings changes. Apollo saw the most action, with three companies on the list. Jacuzzi Brands was upgraded after a recap/distressed debt exchange, Noranda Aluminum Holding Corporation received an upgrade on improved performance, and Hexion’s outlook was changed from negative to stable, thanks to a debt restructuring.
- peHUB Wire: Friday, August 21, 2009
Random Ramblings