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Blackstone Energy Partners, Blackstone Capital Partners VI, and certain affiliates are to purchase newly issued CQP Senior Subordinated Paid-in-Kind Units (CQP PIK Units) issued by Cheniere Energy Partners (CQP) for USD2 billion.
CQP would use the proceeds of the Financing to fund the equity portion of the costs of developing, constructing and placing into service its Sabine Pass liquefaction project being developed at the Sabine Pass LNG terminal (the "Liquefaction Project"), the purchase of the Creole Trail pipeline from Cheniere Energy, Inc. and other partnership business purposes.
Cheniere Partners is advancing towards a positive final investment decision for the development
3i, an international investor focused on private equity, infrastructure and debt management, and funds managed by 3i have agreed to acquire a majority stake in Geka, a manufacturer of brushes, applicators and comprehensive packaging systems for the cosmetics industry.
The company is being acquired from Halder, an investor focused on medium-sized businesses. The acquisition price is not being disclosed.
Geka, headquartered in Bechhofen, Germany, serves both the mass market and premium segment for packaging in the cosmetic industry. In addition, it distributes cosmetics products via its subsidiary Victoria.
Founded in 1925, the company has a broad patent and product portfolio.
The German private equity market has yet to recover from the slump in the autumn, based on the evidence of several indicators from the private equity panel polled by CMS Hasche Sigle and FINANCE.
The headwinds generated by the euro crisis and the stock market crash in the summer have had a major impact on private equity investors in German SMEs. Rather than making new investments, half of all participants in the survey intend to focus on their investors and fundraising this year.
The leading representatives of some 40 Private Equity firms who comprise the FINANCE private equity panel are
Ahead of the March 2012 Budget, the BVCA has called on the UK Government to take immediate action to boost the financing of SMEs and start-ups and in the medium term, improve the competitiveness of the UK’s tax and regulatory regime.
Financing SMEs: We urgently need policy to encourage institutional investors to invest in the asset class. We have proposed EIS Funds where institutional investors could combine with retail investors to help raise larger funds as well as similar proposals for VCTs. In addition, we have also proposed a form of credit easing for VC funds to assist them
PeopleMatter, a provider of talent management solutions, has secured a USD14 million Series C funding round led by Morgenthaler Ventures. Existing investors Noro-Moseley Partners, C&B Capital, Intersouth Partners and Harbert Ventures also participated.
“While other talent management companies like SuccessFactors, Taleo and Workday focus on the white-collar, career professional, PeopleMatter is the only company that caters to hourly workers in the service industry,” says Gary Little (pictured), Partner at Morgenthaler Ventures and new PeopleMatter board member. “This is a USD2.5-billion market that’s underserved and rapidly growing. There is a huge opportunity here. The PeopleMatter Platform isn’t just an HR software
A welcome inclusion in South Africa’s national budget on Wednesday was a further commitment to a broad-based investment manager exemption, says Rupert Worsdale (pictured), partner with Maitland, London…
It was proposed that a legislative carve-out be created for foreign investment funds so that these funds are not inadvertently subject to worldwide taxation by virtue of the activities of South African based investment managers.
A year ago, a very narrow investment manager exemption was introduced removing liability in relation to limited partnership structures where the general partner was South African based. Very few international structures are structured in this way.
However,
Investment funds advised by Levant Capital Limited and Citi Venture Capital International (CVCI) have jointly acquired a controlling stake in Al-Raya For Foodstuff Company Limited (Al-Raya), a leading supermarket chain in Saudi Arabia.
The transaction, valued at USD100 million, presents an opportunity for Levant Capital and CVCI to capitalise on the growth in consumer-driven demand and the increasingly attractive middle income segment of the Gulf region’s largest economy. The transaction closed on 21 February, 2012.
Based in Jeddah, Al-Raya operates a fast-growing chain of 25 supermarkets across 14 cities of the western and southern regions of Saudi Arabia. The company
Jersey Finance has welcomed the signing of a Double Taxation Agreement (DTA) between Jersey and Hong Kong as another key step in growing business with the Far East.
Signed by Jersey’s Chief Minister Senator Ian Gorst and Hong Kong’s Secretary for Financial Services and the Treasury Professor K C Chan, the agreement reinforces the focus Jersey’s finance industry has on building business in the region and supports Jersey Finance’s strategy of maintaining a strong presence in the Far East. Jersey Finance has had a permanent office in Hong Kong since 2009 and facilitates visits for Members regularly, with the next
Resilience Capital Partners, a Cleveland-based private equity fund, has acquired the Heavy Duty Division of Vista Pro Automotive through its newly-formed entity, Thermal Solutions Manufacturing.
Michael Barbee, the President of Thermal Solutions Manufacturing, says: "We are excited that Resilience Capital has acquired the Heavy Duty Division of Vista Pro Automotive. Leveraging Resilience Capital’s strong financial commitment and exceptional operational expertise, we will rapidly achieve our goal of becoming the undisputed leader of the heavy duty heat exchange industry through a combination of market share gains, new product introductions and strategic acquisitions."
"We look forward to partnering with the management and employees
New York-based Blue Wolf Capital Partners’s Blue Wolf Capital Fund II is to acquire Standex International Corporation’s Air Distribution Products Group (SADP), a designer and manufacturer of galvanised steel duct products which distribute conditioned air throughout HVAC systems in residential and light commercial buildings.
Blue Wolf will acquire substantially all of the assets and assume certain operating liabilities of SADP. Terms have not been disclosed.
The Company’s executive management team, led by CEO Tom Smid, will remain with SADP and are investing in the company alongside Blue Wolf. Headquartered in Philadelphia, PA, SADP operates five facilities in the US and
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