Developments Pinnacle Foods in $2.16B buyout Blackstone raises its offer for Equity Office Properties Cablevision committee rejects Dolan family offer Allegations of private equity bid collusion DOJ reported to be investigating bid collusion News items Morrison & Foerster commentary Oct 2006 Class action lawsuit filed [more...]
Club Deals UICI Health Insurers Buyout of health insurer with management participation Three firms involved Blackstone Group Goldman Sachs Capital Partners DLJ Merchant Banking Partners Hertz Auto Companies Ford sells its auto rental subsidiary Three firms involved Clayton Dubilier Carlyle Group Merrill Lynch Global Private Equity [more...]
Overview Covers selected private equity deals that haven't triggered full EDGAR filing requirements HD Supply (Home Depot) June 2007 Announced 6.19.07 HD press release Form 8-K Bain Capital, Carlyle Group and Clayton Dubilier to acquire Home Depot's wholesale distribution business, HD Supply, for $10.3 billion Advisors [more...]
Icon Key $__B Deal value MBO Management-led buyout 13e-3 Going private rules apply Club Club or consortium deal Proxy Proxy statement has been filed with SEC Date Relevant date Announced, Closed, Withdrawn Pending [more...]
Neiman Marcus 7.125% Senior Debentures due 2028 Form S-1 8.04.06 Exhibits Amendment #1 8.17.06 Prospectus Select Medical $175mm Senior Floating Rate Notes due 2015 Form S-4 4.13.06 Exhibits Amendment #1 5.31.06 Amendment #2 7.13.06 Amendment #3 7.25.06 Amendment #4 7.28.06 SEC comment letters 5.31.06 7.13.06 7.25.06 7.26.06 [more...]
Including Reverse Break-Up Fees Summary Covers financing conditions for sponsor-led buyouts Historically US buyouts have been conditioned on private equity firm sponsors obtaining necessary financing So that closing of deal is subject to a financing condition Reflects market reality that providers of debt or bank financing will always re-assess [more...]
3i Group Website Portfolio Apax Partners Website Tommy Hilfiger Apollo Management No website Claire's Stores EGL Competing Offer Harrahs Momentive Performance Materials GE Advanced Materials (Silicones & Quartz) GE press release 9.14.06 Linens N Things Realogy Berry Plastics Other deals: AMC Entertainment CEVA Logistics [more...]
Icon Key $__mm Break-up fee Voting agmt Voting agreement __ days Go shop period Pending Announced Deals Sallie Mae [more...]
Overview This page summarizes select topics of interest to private equity practitioners Alternative Trading Markets "Private markets" for non-public securities Interest has developed in trading securities in ways that avoid triggering Exchange Act registration and reporting requirements By relying on Rule 144A By keeping [more...]
Recapitalizations Fidelity National Information Services TransDigm Borrows $200 mm to fund distributions Warburg Pincus portfolio company Announced 11.15.05 Form 8-K Credit agreement amendment Amended stock option plan Dividend equivalent plan Commentary Law firms Pepper Hamilton Sept 2006
Summary Pre-packaged financing made available to all bidders in an auction Provided by sell-side financial advisor Can benefit the process By attracting more bidders By expediting the process and removing some uncertainty As one potential financing source will have already completed its due diligence But potential conflicts can raise concerns [more...]