Greg's Feed
Sep 16, 2014

Blackstone seeks to raise $16 bln for its latest fund -source

Sept 16 (Reuters) – Blackstone Group LP aims to raise
about $16 billion for its latest flagship buyout fund, roughly
in line with a predecessor fund that wrapped up fundraising in
2012, a person familiar with the matter said on Tuesday.

Blackstone, the world’s largest alternative asset manager
which had $68.3 billion in private equity assets at the end of
June, is preparing to launch the new private equity fund after
returning mountains of cash to its fund investors.

Sep 16, 2014

Private equity firm eyes sale of storage company PODS: sources

NEW YORK (Reuters) – Eagle Merchant Partners, a private equity firm, is exploring a sale of PODS Enterprises Inc that could value the U.S. moving and storage company at about $1 billion, including debt, according to people familiar with the matter.

Atlanta-based Eagle Merchant, whose team came from bankrupt Bahraini investment firm Arcapita Bank BSCC, has hired investment bank Barclays Plc (BARC.L: Quote, Profile, Research, Stock Buzz) to assist with the PODS Enterprises sale process, one source said.

Sep 16, 2014

Storage firm PODS Enterprises eyes $1 billion sale -sources

NEW YORK, Sept 16 (Reuters) – Eagle Merchant Partners, a
private equity firm, is exploring a sale of PODS Enterprises Inc
that could value the U.S. moving and storage company at about $1
billion, including debt, according to people familiar with the
matter.

Atlanta-based Eagle Merchant, whose team came from bankrupt
Bahrain investment firm Arcapita Bank BSCC, has hired investment
bank Barclays Plc to assist with the PODS Enterprises
sale process, one source said.

Sep 12, 2014

Exclusive: Jimmy John’s Gourmet Sandwiches chain weighs stake sale – sourcesĀ 

NEW YORK (Reuters) – The Jimmy John’s Gourmet Sandwiches chain is considering selling a major stake in the company and has hired boutique investment bank North Point Advisors to advise on a potential deal, according to people familiar with the matter.

Jimmy John’s, founded in 1983 by 19-year old Jimmy John Liautaud in a converted garage, is in the early stage of preparing a sale process, the people said. It remains unclear how big a stake the Champaign, Illinois-based company will eventually offer potential investors.

Sep 12, 2014

Jimmy John’s Gourmet Sandwiches chain weighs stake sale -sources

NEW YORK, Sept 12 (Reuters) – The Jimmy John’s Gourmet
Sandwiches chain is considering selling a major stake in the
company and has hired boutique investment bank North Point
Advisors to advise on a potential deal, according to people
familiar with the matter.

Jimmy John’s, founded in 1983 by 19-year old Jimmy John
Liautaud in a converted garage, is in the early stage of
preparing a sale process, the people said. It remains unclear
how big a stake the Champaign, Illinois-based company will
eventually offer potential investors.

Sep 5, 2014

Insurance broker AmeriLife taps Evercore for sale: sources

NEW YORK (Reuters) – Insurance marketing and brokerage firm AmeriLife Group LLC is exploring a sale that could fetch as much as $500 million, and has hired investment bank Evercore Partners Inc (EVR.N: Quote, Profile, Research, Stock Buzz) to assist with that effort, people familiar with the matter said on Friday.

Founded in 1971, AmeriLife develops, markets and sells annuity, life and health insurance products to seniors. Its brokers distribute insurance solutions which are backed by major insurers such as MetLife Inc (MET.N: Quote, Profile, Research, Stock Buzz) and UnitedHealth Group Inc (UNH.N: Quote, Profile, Research, Stock Buzz).

Aug 31, 2014

Exclusive: Norwegian Cruise nears $3 billion Prestige Cruises deal – sources

By Soyoung Kim and Greg Roumeliotis

(Reuters) – Norwegian Cruise Line Holdings Ltd NCHL.O, the world’s third largest cruise operator, is in advanced talks to acquire peer Prestige Cruises International Inc for around $3 billion, according to people familiar with the matter.

A deal would give Norwegian Cruise, a company with a market value of $6.8 billion, access to Prestige Cruises’ luxury cruise ships and affluent clientele as it competes with bigger rivals Royal Caribbean Cruises Ltd (RCL.N: Quote, Profile, Research, Stock Buzz) and Carnival Corp (CCL.N: Quote, Profile, Research, Stock Buzz).

Aug 31, 2014

Norwegian Cruise nears $3 bln Prestige Cruises deal -sources

Aug 31 (Reuters) – Norwegian Cruise Line Holdings Ltd
, the world’s third largest cruise operator, is in
advanced talks to acquire peer Prestige Cruises International
Inc for around $3 billion, according to people familiar with the
matter.

A deal would give Norwegian Cruise, a company with a market
value of $6.8 billion, access to Prestige Cruises’ luxury cruise
ships and affluent clientele as it competes with bigger rivals
Royal Caribbean Cruises Ltd and Carnival Corp.

Aug 30, 2014

Carlyle Group to pay $115 million to settle collusion suit: source

By Greg Roumeliotis

(Reuters) – Carlyle Group LP has agreed to pay $115 million to settle a lawsuit accusing it of conspiring with other buyout firms not to outbid each other on some takeovers that occurred prior to the financial crisis, a person familiar with the matter said on Friday.

Carlyle was the only private equity firm among those still facing trial not to have settled. It brings the total amount buyout firms have agreed to pay to settle the leveraged buyout collusion charges to $590.5 million.

Aug 28, 2014

Car parts distributor Transtar up for sale -sources

Aug 28 (Reuters) – Transtar Industries Inc, a U.S.
distributor of replacement car parts, is exploring a sale that
it hopes could value the company at as much as $1 billion,
including debt, according to people familiar with the matter.

Transtar’s owner, private equity firm Friedman Fleischer &
Lowe LLC, has hired investment banks Bank of America Corp
and Harris Williams & Co to run an auction for the
company, the people said this week.