Greg's Feed
Mar 2, 2015

Exclusive: Truven Health Analytics prepares for IPO – sources

By Mike Stone and Greg Roumeliotis

(Reuters) – Truven Health Analytics Inc, a U.S. provider of data to hospitals, doctors and companies, is preparing for an initial public offering it hopes will value it at more than $3 billion, including debt, according to people familiar with the matter.

The preparations follow last month’s $600 million IPO of peer Inovalon Holdings Inc (INOV.O: Quote, Profile, Research, Stock Buzz), which demonstrated strong investor demand for companies that sell data analytics that can be used to cut costs in the healthcare industry.

Feb 28, 2015

Blackstone’s Schwarzman tops 2014 private equity earnings

Feb 27 (Reuters) – Blackstone Group LP Chief
Executive Stephen Schwarzman took home $690 million in 2014,
more than any other private equity executive, as his firm and
the wider industry benefited from the favorable conditions for
cashing out on investments.

Schwarzman’s personal earnings were up 52 percent
year-on-year, reflecting the bumper year his firm had by selling
assets at high valuations. Blackstone’s distributable earnings
were $3.1 billion in 2014, up from $1.9 billion in 2013.

Feb 27, 2015

Exclusive: Private equity firm TowerBrook close to a deal for women’s retailer J. Jill – sources

By Olivia Oran and Greg Roumeliotis

(Reuters) – Private equity firm TowerBrook Capital Partners is in advanced talks to acquire women’s retailer J. Jill, according to two people familiar with the matter.

A deal is likely to be valued at more than $400 million and could be announced as early as next week, the people said, cautioning that negotiations have not yet been finalized. The people asked not to be named because the matter is private.

Feb 27, 2015

Private equity firm TowerBrook close to a deal for women’s’ retailer J. Jill: sources

By Olivia Oran and Greg Roumeliotis

(Reuters) – Private equity firm TowerBrook Capital Partners is in advanced talks to acquire women’s retailer J. Jill, according to two people familiar with the matter.

A deal is likely to be valued at more than $400 million and could be announced as early as next week, the people said, cautioning that negotiations have not yet been finalised. The people asked not to be named because the matter is private.

Feb 27, 2015

Carlyle splashes out $31.2 million on former JPMorgan executive

Feb 26 (Reuters) – Carlyle Group LP paid its
co-president who was hired last year from JPMorgan Chase & Co
$31.2 million in 2014, a higher compensation than many
veterans at the private equity firm, a regulatory filing showed
on Thursday.

The disclosure shows the lengths to which Carlyle went to
poach Michael Cavanagh in a bid to attract top talent and
diversify its business. Cavanagh’s compensation at JPMorgan in
2013 was $17 million.

Feb 24, 2015

TPG hires crisis PR specialist as communications chief -sources

Feb 24 (Reuters) – TPG Capital LP, the U.S. private equity
firm that fired its spokesman for allegedly leaking confidential
documents to the media, has hired crisis PR expert Adam
Mendelsohn as its next communications chief, two people familiar
with the matter said on Tuesday.

Mendelsohn, who has served as a PR advisor to American
professional basketball player LeBron James, was named a TPG
managing director and head of the firm’s external affairs, the
people said.

Feb 24, 2015

Exclusive: Providence Equity explores Ironman parent sale: sources

By Liana B. Baker and Greg Roumeliotis

(Reuters) – Providence Equity Partners LLC, owner of the parent of the grueling yet popular Ironman Triathlon race, is exploring options for the company including a potential sale or initial public offering, according to people familiar with the matter.

Providence Equity’s World Triathlon Corp, which owns the Ironman Triathlon franchise, has held talks with investment banks in recent weeks about appointing advisers that will help it explore its options, the people said this week.

Feb 24, 2015

Onex explores $1 billion sale of Sitel Worldwide: sources

By Greg Roumeliotis

(Reuters) – Private equity firm Onex Corp (OCX.TO: Quote, Profile, Research, Stock Buzz) is looking to sell Sitel Worldwide Corp in a deal that could value one of the world’s largest call center operators at close to $1 billion, including debt, according to people familiar with the matter.

Onex is working with investment bank Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz) on an auction for Sitel, two of the people said, asking not to be identified because the deliberations are private.

Feb 23, 2015

Exclusive: Dubai Aerospace explores StandardAero sale – sources

By Mike Stone and Greg Roumeliotis

(Reuters) – Dubai Aerospace Enterprise Ltd, an aircraft leasing and maintenance company controlled by the government of Dubai, is looking to sell its aviation services unit, StandardAero, for more than $1.8 billion, according to people familiar with the matter.

Dubai Aerospace Enterprise is working with investment bank Moelis & Co (MC.N: Quote, Profile, Research, Stock Buzz) on an auction for StandardAero that is expected to start later this year, the people said on Monday.

Feb 23, 2015

Dubai Aerospace explores StandardAero sale -sources

Feb 23 (Reuters) – Dubai Aerospace Enterprise Ltd, an
aircraft leasing and maintenance company controlled by the
government of Dubai, is looking to sell its aviation services
unit, StandardAero, for more than $1.8 billion, according to
people familiar with the matter.

Dubai Aerospace Enterprise is working with investment bank
Moelis & Co on an auction for StandardAero that is
expected to start later this year, the people said on Monday.