All news

European M&A activity up by 25 per cent

Tue, 10/08/2010 - 06:06

After many months of gloomy M&A statistics, deal making activity is finally looking up again with a 25 per cent increase in terms of value reported for the first half of the year compared to the same time period last year. »

Citadel Capital managing director Marwan Elaraby

Citadel’s Egyptian Refining Company receives USD2.6bn debt package

Tue, 10/08/2010 - 04:56

The Egyptian Refining Company, a partnership between Citadel Capital, its co-investors and the state-owned Egyptian General Petroleum, has signed a debt package of USD2.6bn to finance construction of its USD3.7bn second-stage oil refinery in the Greater Cairo Area. »

GE Capital creates USD500m financing structure for acquisition of Alcan

Mon, 09/08/2010 - 15:02

GE Capital has underwritten USD500m of European factoring and US asset-based lending facilities to support the future working capital requirements of Alcan Engineered Products, an aluminium products manufacturer. »

Axa Private Equity acquires majority stake in the Rollon Group

Mon, 09/08/2010 - 14:35

Axa Private Equity has acquired a 51.8 per cent share in the Rollon Group, a linear motion manufacturer based in Vimercate, northern Italy. »

LDC-backed Green Sky Energy acquires DWEC

Mon, 09/08/2010 - 13:10

LDC-backed Green Sky Energy, a UK-based energy management businesses, has boosted its international capabilities by acquiring two businesses from the DWEC Group. »

Brian Paul, managing director of Tenaya Capital

Avere closes USD17m funding round led by Tenaya Capital

Mon, 09/08/2010 - 11:42

Avere Systems, a provider of storage solutions for businesses, has received an additional USD17m in funding, bringing total investment in the company to USD32m. »

Wellington Financial provides USD3.5m debt financing commitment to Pivot

Mon, 09/08/2010 - 11:07

Wellington Financial, a privately-held specialty finance firm, has provided a USD3.5m debt financing commitment to Pivot of New Jersey, a provider of liquidity management and collaboration software to the financial markets. »

Advent International and Bain Capital acquire RBS payments processing unit

Mon, 09/08/2010 - 09:22

Weil, Gotshal & Manges has acted for Advent International and Bain Capital on their acquisition of a 80.01 per cent stake in the global merchant services arm of the Royal Bank of Scotland, with an enterprise value of up to GBP2.025bn. »

Minsheng Banking teams up with D. E. Shaw Group

Mon, 09/08/2010 - 05:13

China Minsheng Banking has entered into a partnership with investment and technology development firm D. E. Shaw Group. »

Castle Harlan president Justin Wender resigns

Mon, 09/08/2010 - 04:57

Castle Harlan’s president Justin Wender has resigned from the firm and its associated companies, effective immediately. »

Carl M. Stanton, a managing partner of Wellspring

Wellspring Capital Management acquires Jen-Coat

Sun, 08/08/2010 - 15:05

Wellspring Capital Management has acquired Jen-Coat, a flexible packaging manufacturer in the food, healthcare and industrial segments, from CGW Southeast Partners. »

Eurazeo enters renewed period of exclusivity for sale of B&B Hotels to Carlyle

Sun, 08/08/2010 - 12:35

Investment company Eurazeo entered into an initial one-week period of exclusive negotiations with Carlyle on 31 July for the divestiture of its B&B Hotels chain. »

Yorkville Advisors completes sixth equity financing in Israel

Sun, 08/08/2010 - 11:07

Yorkville Advisors, the investment manager to YA Global Master SPV, has entered into an equity financing in Israel by closing a USD10m standby equity purchase agreement with Orckit Communications. »

Avista sells a portion of its Marcellus Shale acreage for USD326.6m

Sun, 08/08/2010 - 09:38

Private equity firm Avista Capital Partners’ wholly-owned entity ACP II Marcellus has agreed to sell approximately 52,200 net acres of its Marcellus Shale mineral rights in Pennsylvania to a subsidiary of Reliance Industries for USD326.6m in cash. »

Robert Galvin joins Blackstone as chief executive of Equity Healthcare

Sun, 08/08/2010 - 09:14

The Blackstone Group has appointed Dr Robert Galvin as chief executive officer of Equity Healthcare. »

Cayman Finance rejects claims that low tax jurisdictions hurt US economy

Fri, 06/08/2010 - 05:00

The financial services industry in the Cayman Islands has rejected claims by a US business group that low or no-tax jurisdictions hurt the US economy because they encourage tax evasion. »

Paul Meader, head of portfolio management at Collins Stewart

Asset management activity growing in Guernsey, say industry members

Fri, 06/08/2010 - 05:00

The move by BlueCrest Capital Management, one of Europe’s largest hedge fund managers, to shift its headquarters from London to Guernsey has encouraged industry members who see signs that asset management activity in the island is set to grow. »

Insights into Investment Strategies and Engines of Global Growth at CISX International Business Summit

Thu, 05/08/2010 - 23:01

Make sure you stay ahead of the game by attending the CISX International Business Summit where you can pose your questions to industry leaders. »

Madison Williams launches placement and advisory group

Thu, 05/08/2010 - 14:58

Madison Williams, a capital markets and investment banking firm, has formed a placement and advisory group with fund placement veteran James J. McCarvill, Jr. »

Rizvi Traverse and Starwood Capital lead recapitalisation of Key Air

Thu, 05/08/2010 - 13:29

Rizvi Traverse Management, a private equity firm specialising in opportunistic investments, and Starwood Capital Group Global, a private investment firm focused on real estate and energy infrastructure, have led the recapitalisation of Key Air, a provider of aircraft management and executive charter services. »