Retail M&A Showing Signs of Life?

July 10, 2013 17:20 by Clayton Reeves in Capital Markets, M&A  //  Tags: ,   //   Comments (0)
Although year to date M&A has been sluggish in many sectors, today marks the second large deal in the retail space this week. First, grocery giant Kroger announced a definitive merger agreement with Harris Teeter. Kroger will pay $49.38 in cash in a deal that is valued at roughly $2.5 billion. H... [More]

Chinese Investment in the U.S. Continues to Grow

July 10, 2013 09:32 by Clayton Reeves in Agriculture, Capital Markets, M&A  //  Tags: , , , , ,   //   Comments (0)
Despite political, regulatory, cultural and geographic obstacles to Chinese firms investing in the U.S., they continue to do so at a growing rate. Chinese figures show that their investment in the U.S. grew to $9.3 billion in 2012 from $1.88 billion in 2007. U.S. figures were even more extreme, con... [More]

CCCA Economic Dashboard: July 5th, 2013

July 8, 2013 17:04 by Clayton Reeves in Capital Markets, Economy  //  Tags: , , ,   //   Comments (0)
Attached is the CCCA economic dashboard as of July 5th, 2013. Click here to view a larger image.

Aqua America: A Deal Making Machine in 2013

July 8, 2013 09:30 by Clayton Reeves in M&A, Utilities, Water  //  Tags: , , , , ,   //   Comments (0)
Aqua America announced last week that it has completed acquisitions of seven water and wastewater utility systems through June of this year This includes three in NC, three in PA, and one in VA. In PA, Aqua Pennsylvania (Aqua America's PA subsidiary) acquired Total Environmental Solutions, Inc., (TE... [More]

Inexperience in LBO Lending: A Dangerous Game

June 28, 2013 09:49 by Clayton Reeves in Financing, M&A  //  Tags:   //   Comments (0)
Mark Gaffin at the Gaffin Group offers some solid advice on the dangers of inexperience in LBO lending.  With the current deal drought, many lenders are trying to diversify their offerings and entering into a leveraged buyout market that can be dangerous for the inexperienced.  In the arti... [More]

Sprint Shareholders Approve $21.6 Billion Acquisition by SoftBank

June 27, 2013 10:05 by Clayton Reeves in M&A, Telecom  //  Tags:   //   Comments (0)
After nearly eight months of drama and deal making worthy of its own television series, Sprint investors have agreed to be acquired by SoftBank for $21.6 billion.  Softbank has the majority of regulatory approvals in line, although they still need to be cleared by the FCC (Federal Communication... [More]

Tenet Announces Acquisition of Vanguard

June 25, 2013 12:58 by Clayton Reeves in Capital Markets, Healthcare, M&A  //  Tags:   //   Comments (0)
Tenet has announced that they will acquire Vanguard Health Systems in a deal valued at $4.3 billion including the assumption of $2.5 billion in Vanguard debt. The deal is expected to close by the end of this year. Tenet anticipates annual synergies between $100-200 million. The offer price of $21 re... [More]

PE Firms Finding Exits Easier Than Investment Opportunities

June 25, 2013 12:33 by Clayton Reeves in Capital Markets, M&A, Private Equity  //  Tags:   //   Comments (0)
In an article on Dealbook today, this year $62 billion worth of deals larger than $1 billion have been announced, according to Thomson Reuters. That seems to be a positive indicator, as it represents a higher value than all of 2012; however, the purchase of the Heinz Company ($27 billion) and Dell I... [More]

Q1 Private Equity: Calm Before the Storm or Indications of a Slowdown?

April 12, 2013 15:49 by Clayton Reeves in M&A  //  Tags:   //   Comments (0)
After an the exclamation point to 2012 that was the fourth quarter, there is sometimes a need to take in a deep breath; that is exactly what happened in private equity ("PE") markets during February and March of Q1 2013.  After momentum from the end of 2012 carried through January, a huge drop ... [More]

The Positive Side of Private Capital

March 11, 2013 10:07 by Clayton Reeves in   //  Tags:   //   Comments (0)
How many times during our most recent election did you hear something negative about private equity and/or the Romney affiliated Bain Capital group? Once a day? Once a commercial break? The fact is, PE, venture capital and private turnarounds have received a bad rap from the media and politicians in... [More]

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