LAS VEGAS—Last week, on Friday Sept. 12, 2014, Luxury Optical Holdings (LOH) acquired privately held, luxury eyewear company, Robert Marc Eyewear and its wholesale and retail subsidiaries. Luxury Optical Holdings is owned by the investment firms aPriori Capital Partners and Goode Partners, LLC. The terms of the deal were undisclosed. » Read More
OKLAHOMA CITY, July 31, 2014 /PRNewswire/ — American Energy – Permian Basin, LLC (AEPB), an affiliate of American Energy Partners, LP (AELP), announced today that it has closed on its acquisition of approximately 63,000 net acres of leasehold in the southern Permian Basin, primarily in Reagan, Irion and Crockett Counties, Texas and associated gathering assets from affiliates of Denver-based Enduring Resources II, LLC (Enduring) for $2.5 billion. Concurrently, AEPB closed on its offering of $350 million of floating rate senior unsecured notes due 2019, $650 million of 7.125% senior unsecured notes due 2020 and $600 million of 7.375% senior unsecured notes due 2021, which priced on July 16, 2014. A portion of the net proceeds from the senior notes offering was used to consummate the acquisition, while the remaining net proceeds will be used for general corporate purposes. » Read More
FORT WORTH, Texas, June 9, 2014 /PRNewswire/ — Basic Energy Services, Inc. (NYSE: BAS) (“Basic”) today announced the commencement of a secondary public offering of 6,000,000 shares of common stock on behalf of DLJ Merchant Banking Partners III, L.P. and related funds (the “Selling Stockholders”). Goldman, Sachs & Co. will act as underwriter for the offering. Goldman, Sachs & Co. is expected to be granted a 30-day option to purchase up to 900,000 additional shares from the Selling Stockholders. » Read More
Former Chesapeake CEO’s New Firm Also Inks $1.75 Billion Utica, Marcellus Shale Deals » Read More
Brings deep market expertise of two industry leaders to clients and expands investment choices and services. Adds scale, diversification and distribution capabilities and the opportunity to enhance customer returns. » Read More
Credit Suisse Group AG (CSGN), the Zurich-based bank that has been selling businesses to raise capital, transferred its DLJ Merchant Banking Partners buyout unit to the fund’s managers. » Read More
Markel Corporation (NYSE: MKL) announced today that it plans to offer approximately 1.2 million shares of its common stock, which includes approximately 321,000 shares being sold by affiliates of CSFB Private Equity, formerly DLJ Merchant Banking, under the Company’s previously filed shelf registration statement. The Company intends to use the proceeds from the sale of shares by it to repay or retire outstanding debt. Goldman Sachs & Co. is the lead manager, and Credit Suisse First Boston Corporation and Merrill Lynch & Co. will serve as co-managers for the offering. » Read More
Düsseldorf, 26 September 2013 – The GROHE Group, one of the world’s leading providers of sanitary fittings, has entered into an agreement with LIXIL Corporation and Development Bank of Japan in relation to the sale of an 87.5% equity interest in GROHE Group from TPG and DLJ Merchant Banking Partners. This transaction represents the largest ever German investment by a Japanese company. The combined sanitary businesses of both groups generate more than EUR 4 bn of annual revenue, making it the largest player in its industry. » Read More
Ares Management LLC and Canada Pension Plan Investment Board (CPPIB) announced today that their affiliates have entered into a definitive agreement to acquire Neiman Marcus Group LTD Inc. from a group of investors led by TPG and Warburg Pincus for a purchase price of US $6.0 billion. A portion of the purchase price will be used at the closing to repay all amounts outstanding under the Company’s existing credit facilities other than its Debentures. Ares and CPPIB will hold an equal economic interest in the legendary retailer, and the Company’s management will retain a minority stake. The transaction is expected to close in the fourth quarter of 2013, subject to regulatory approvals and other customary closing conditions. » Read More