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ARLINGTON, Va. (AP) – Power company AES Corp. (AES) and Riverstone Holdings LLC said Tuesday they will spend up to $1 billion on a solar joint venture.The two companies will each provide up to $500 million of capital over five years to AES Solar to invest in global solar projects.The joint venture will look to […]
Global buyout group Advent International has completed the acquisition of Romanian pharmaceutical company LaborMed Pharma from its founders. Bucharest-based LaborMed manufactures and distributes generic pharmaceuticals, primarily for cardiovascular and central nervous system ailments and recently launched a portfolio of drugs for diabetes. The company also operates its own distribution arm supplying in excess of 80% […]
A bingo operator backed by UK private equity investor Alchemy Partners is in talks with its creditors. Alchemy met Barclays on March 19 to discuss options for the struggling bingo firm which has seen its revenues suffer due to the smoking ban, tax changes and gambling laws. Alchemy will decide whether to invest additional equity […]
Red Acre Capital has acquired Personal Care Inc., operator of the Hair's Boston chain of family salons. No financial terms were disclosed. PRESS RELEASE Red Acre Capital (http://www.redacre.com/) has acquired the assets and operations of Personal Care Inc., operator of the Hair's Boston chain of family salons. The move marks Red Acre's first […]
DETROIT (AP)
Azure Capital Partners and Bridgescale Partners have acquired NeoNova Network Services from Digitel Inc. No financial terms were disclosed for the deal, which also included participation from Hercules Technology Growth Capital. NeoNova is an Internet service provider for the rural U.S. market. Get more info. PRESS RELEASE Azure Capital Partners and Bridgescale Partners announced […]
Colony Capital is no longer acquiring a 65% stake in European oil refining company Tamoil from the Libyan government, despite an agreement last year to do just that. It is unclear why the deal died. The total transaction would have been valued at
LAS VEGAS (AP) — Harrah's Entertainment, which was recently taken private, said Wednesday it swung to a fourth-quarter loss, hurt by charges from accounting reviews, as its top executive described pockets of weakness in the casino market. The Las Vegas-based casino operator, the world's largest gambling company by revenue, posted a loss of $47.8 million, or […]
Sorenson Capital has acquired an undisclosed stake in Michael's Finer Meats and Seafoods, a Columbus, Ohio-based purveyor of meats and seafoods to high-end restaurants, hotels, casinos, resorts, country clubs and caterers. No financial terms were disclosed. PRESS RELEASE Sorenson Capital, a private equity firm focused on providing small- to middle-market buyouts and investments, today […]
Hellman & Friedman has agreed to acquire Saipem SA's 30% ownership stake in Gaztransport & Technigaz SAS, a French marine engineering company operating in the liquefied natural gas sector. The deal is valued at EUR 310 million. Gaz de France and total SA will retain their current stakes in Gaztransport (40% and 30%, respectively). PRESS […]