Welsh, Carson, Anderson & Stowe related stories
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peHUB Wire: Monday, April 5, 2010Random Ramblings
- peHUB Wire: Monday, April 5, 2010
Random Ramblings
- peHUB Wire: Wednesday, March 10, 2010
Random Ramblings
- peHUB Wire: Wednesday, March 10, 2010
Random Ramblings
- Jurgen Leijdekker Joins Welsh Carson
Jurgen Leijdekker has joined Welsh, Carson, Anderson & Stowe as an operating executive. He previously was president of Paul Winston Group.
- PE Debt Watch (Upgrades & 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. Company: Hexion Specialty Chemicals Inc. Sponsor: Apollo Management Action: S&P raised its ratings, including its corporate credit rating to 'B-' from 'CCC+', on the company. Highlight: "The upgrade reflects an improvement in credit quality following the successful completion of Hexion's financing transaction including amendments to its senior secured credit facilities, and our expectation that an ongoing trend of improving operating results will continue into 2010," said Standard & Poor's credit analyst Paul Kurias.
- Carolion Clinic Merging with Spectrum Labs
Carilion Clinic has agreed to merge its for-profit lab business with Spectrum Laboratory Network, a Greensboro, N.C.-based portfolio company of Welsh Carson Anderson & Stowe. The combined company would have around 2,600 employees and more than $300 million in annual revenue. As a precursor, Carilion will spin out diagnostic consulting group Chi Solutions into an independent company.