Canyon Capital, which had offered to buy Navient Corp, has withdrawn its expression of interest for the student loan servicer, according to an SEC filing. Canyon also notified Navient of… read more →
By Jordan Myers, Alston & Bird The framework for defining EBITDA in middle-market credit agreements is often portable from one industry to another. But the one-size-fits-all approach does not work… read more →
Apax Partners said Feb. 21 that it sold its stake in AssuredPartners to an investor group led by GTCR. Financial terms weren’t announced. Apax is coinvesting in the deal and… read more →
Pfingsten has acquired Pleasanton, California-based Full Spectrum Group, a provider of repair, maintenance and validation services for laboratory instrumentation. No financial terms were disclosed for the deal that was done… read more →
An investor group led by Upper Bay Infrastructure Partners has acquired Vancouver, Washington-based Tidewater Transportation & Terminals, a transportation and terminal company. The seller was Stonepeak Infrastructure Partners. No financial… read more →
Blue Sage Capital has made an investment in Des Moines, Iowa-based All-State Industries, a manufacturer of non-metallic components for OEMs. No financial terms were disclosed. PRESS RELEASE AUSTIN, Texas–(BUSINESS WIRE)–Blue… read more →
Blackstone has completed an investment in Lionpoint Group. Financial terms weren’t announced. Lionpoint, of New York, is a consult-tech firm for alternative investment managers. PRESS RELEASE NEW YORK, Feb. 20,… read more →
By Nadim Malik and Brenden Gobell, Sutton Place Strategies As private equity and M&A activity gains momentum in 2019, the question on everyone’s mind is, “How long can the current… read more →
U.S. investment firms BlackRock Inc and KKR & Co Inc are in advanced talks to take a $4 billion to $5 billion stake in Abu Dhabi National Oil Co’s (ADNOC)… read more →
An investor group led by Atlas Merchant Capital LLC is buying just under 25 percent of Ascensus. Financial terms weren’t announced. GIC, Singapore’s sovereign wealth fund, is part of the… read more →