From:
Date: March 28, 2011
Subject: [Private Equity Club] - Weekly Newsletter - Kick Off!!!



Dear First_Name,

Spring Break is over. Hope we all had a great, rainy, week off. And yes, more exciting news - we are rolling out the OFFICIAL PE Club Weekly Newsletter! Please expect the buzz every week at this time from now on, with private equity news and deals and other information that we want your attention - and please let us know if you have any recommendations / suggestions on content. 

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Fill out the Target Firm List (link below) by Friday so that CSO can better help us! For details, refer to the email from Phil Charm sent out earlier. 

The Blackstone Group has received EU approval for its buyout of Spanish can-maker Mivisa SA from CVC Capital Partners. No financial terms were disclosed, but CVC was believed to be seeking between €1 billion and €1.5 billion.

Brentwood Associates has recapitalized portfolio company The Teaching Co. Holdings Inc., a Chantilly, Va.–based provider of university-level courses under the “Great Courses” brand. The deal includes a $170 million credit facility that involved both Ares Capital and GE Capital.

Civica, a UK-based software and IT services company owned by 3i Group, has offered to acquire British outsourcing company Tribal Group, according to the Sunday Times. Other private equity firms also may have interest.

EIG Global Energy Partners has agreed to invest $440 million (including $220m in equity) into a pair of Eagle Ford Shale platforms sponsored by HM Capital Partners: San Antonio-based BlackBrush Oil & Gas LP and Houston-based TexStar Medstream Services LP. EIG will hold a controlling interest in the companies, while HM will retain a minority position.

Endless LLP has sponsored a management buyout of British home goods retailer TJ Hughes from Silverfleet Capital. No financial terms were disclosed, although earlier press reports suggested that Silverfleet was seeking around £70 million.

Navis Capital has acquired a stake Kinderdijk Group, a Malaysian retailer of baby-care and lifestyle products. No financial terms were disclosed.

Warburg Pincus has agreed to acquire Rural/Metro Corp. (Nasdaq: RURL), a Scottsdale, Ariz.–based provider of ambulance and private fire protection services. The deal is valued at around $437 million, or $17.25 per share (37% premium over Friday’s closing). 

Far East Horizon, a Shanghai-based provider of equipment lease financing, has raised HK$5.13 billion ($658m) in a Hong Kong IPO. Shareholders include Kohlberg Kravis Roberts & Co. 

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That's all for this week. Have a good week ahead and see you next Monday.

SURVEY

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