Hannon Armstrong Sustainable Infrastructure Capital is preparing for an IPO with a midpoint price per share of US$13.
Exits
Seaworld IPO nets US$702 million
Seaworld sold 10 million shares at US$27 per share totaling US$702 million. SeaWorld Entertainment Inc is backed by Blackstone Group LP, which has priced the shares for initial public offering of the theme park operator at US$27 per share.
Johnson and Johnson Divestment Clouds Takeover Bid
Johnson and Johnson accounted for 92.3% of shares bought back, complicating matters for the Royalty Pharma takeover of Elan Pharmaceuticals.
Lone Star and Wells Fargo to Purchase Commerzbank Assets
Lone Star and Wells Fargo would divvy up the assets of Commerzbank. Lone Star, the private equity firm, and Wells Fargo are in talks to purchase a GBP4 billion or US$6.
SolarWorld Seeking to Strike a Deal with its Creditors
SolarWorld is seeking to find a compromise agreement with its creditors to avoid insolvency. SolarWorld is discussing with its creditors to finalize an agreement as to the restructuring of the company in the next two to three weeks.
Latest News
Hulu again engages the services of Guggenheim Partners for the possible sale of the online video streaming service site.
In an unprecedented move, Canyon Lake City has opted out and terminated its contract with Calpers. Canyon Lake is home to Calpers, the largest public pension fund in the US with US$256 billion in assets.
OPAP, the Greek gaming monopoly, received two bids according to privatization firm HRADF. One of the first privatization deals of Greece had a lukewarm response from the international market.
Numericable is exploring public listing to raise funds for the French cable firm. Numericable's private equity owners have asked banks to provide information and options as to a possible stock exchange listing for the firm this year.
Argos, the biggest cement manufacturer in Colombia, is offering 250 million preferred shares in a two stage sale to raise funds for its expansion plans.
Bord Gais announces sale of Bord Gais Energy to the 'usual names'. Irish utility firm Bord Gais is in the process of concluding the sale of its retail unit in 2013.
Fenway Partners, the owners of the Riddell helmets brand and others, is now in the process of selling off its assets.
China's Longyuan Power Group would not be competing with Thai Egco PCL for the Boco Rock Wind Farm project in New South Wales, Australia.
Celltrion founder Seo Jung-jin is divesting his shareholdings because of speculative short selling. Last Wednesday, Celltrion Inc has named JP Morgan as advisor to assist the firm remove its linkages from its founder, Seo Jung-jin.
