Divestco Reports 2009 Q3 Results Nov 11, 2009
02 Weighted average number of shares Basic 41,958 41,820 41,958 41,740 Diluted 41,958 41,820 41,958 41,740 ---------------------------------------------------------------------------- Divestco Inc. Consolidated Statements of Cash Flows ---------------------------------------------------------------------------- Three Months Ended Nine Months Ended September 30 September 30 ---------------------------------------------------------------------------- 2009 2008 2009 2008... (CCNMatthews Press Releases)
Dundee Corporation Reports Third Quarter 2009 Results Nov 11, 2009
2 billion of AUM. Ravensden is also working towards our initiative to raise up to $1 billion for private equity investment in the resource sector through Dundee Global Resource L.P. We have initiated steps in our resource segment to eliminate any potential future conflicts as we prepare for the launch of, and our role as advisors to, the Dundee Global Resource L.P., to which we have committed to provide a $200 million drawdown subscription. Dundee Real Estate Asset Management ("DREAM"), the... (CCNMatthews Press Releases)
Sanders to sell stake to NY firm Nov 10, 2009
intends to issue more than one million shares to a New York private equity investment firm. Houston-based Sanders Morris Harris (NASDAQ: SMHG) said Monday that it would sell $7. (Houston Business Journal, TX)
Fed: GMAC will still need more bailout money Nov 10, 2009
Some analysts have criticized the additional bailout as an equity investment in an otherwise insolvent company. GMACs bailouts have come from Treasurys automaker rescue program, rather than from the pool of money designated to shore up healthy banks. (MSNBC -- Business)
Stratus reports $1.6M loss in 3Q Nov 10, 2009
With the change in construction lenders, the joint venture s required equity investment increased by $52 million, the filing said. As a condition to further funding from the Beal Bank loan agreement, the joint venture must invest at least $180 million, up from $128 million $53 million from Stratus and $75 million from Canyon-Johnson when Corus was the construction lender. (Austin Business Journal, TX)
MRCB: Right time to make rights issue Nov 10, 2009
The proceeds will be used to fund expansion into environmental engineering and infrastructure business, acquisition of prime land for property development, as well as for MRCBs 51% equity investment in Nu Sentral Sdn Bhd, a joint venture between MRCB and Pelaburan Hartanah Bhd to acquire and manage a seven-storey retail mall, Nu Sentral, at KL Sentral. Although we were aware that MRCB was evaluating funding options for its land-bank expansion, we were taken aback by its decision to go with a... (The Star Online, Malaysia -- Business)
Orbitz posts profit, gets $100M equity investment Nov 6, 2009
Separately, the company said it received equity investments totaling $100 million from PAR Investment Partners and Blackstone-controlled Travelport. Orbitz said it earned $7 million, or 8 cents per share. (Crain's Chicago Business)
MRCB to sell RM566mil rights shares Nov 6, 2009
Of the amount to be raised, RM85mil would be allocated for equity investment in Nu Sentral Sdn Bhd (NSSB). NSSB is a 51:49 joint-venture company between MRCB and Pelaburan Hartanah Bhd that was set up to manage a seven-storey retail mall, Nu Sentral, in the Kuala Lumpur Sentral development area. (The Star Online, Malaysia -- Business)
TVS Shriram fund invests Rs 65 crore in Landmark Nov 6, 2009
Commenting on the investment, Mr Noel N Tata, Managing Director of Trent and Chairman of Landmark, said, "We are excited about the equity investment Landmark, and look forward to partnering with TVS Shriram Growth Fund in our journey to scale up the Landmarks retail business.". Landmark operates around 25 stores across 9 cities with over 2 lakh square feet of retail space. (India Times)
Glancy Binkow & Goldberg LLP, Representing Investors Who Purchased American Depositary Shares of The9 Limited, Announces Class Action Lawsuit and Seeks to Recover Losses Nov 5, 2009
Specifically, the defendants made false and/or misleading statements and/or failed to disclose that: (i) it was becoming increasingly less likely that the Company would be renewing the World of Warcraft contract with Blizzard Entertainment Inc. (Blizzard); (ii) The9 had not even begun formal negotiations with Blizzard regarding the World of Warcraft contract renewal; (iii) The9 and Blizzard had been at odds regarding The9s operation of World of Warcraft in China; and (iv) the equity... (Yahoo! Wire -- Entertainment News)
Bellevue Builders Supply is back Nov 5, 2009
The name, which disappeared five years ago, returns to the area following the closing of a deal between Stock Building Supply of Raleigh, N.C., and a private equity investment firm. Private equity firms LLC, based in New York City, and LLC, based in Dallas, formed a new entity, LLC to acquire three Stock Building Supply operations. (Albany Business Review, NY)
Daylight Resources Trust Reports Third Quarter 2009 Financial and Operating Results- Significant Operational Results Validate Resource Play Strategy on Multiple Fronts Nov 5, 2009
The Trust also has an equity investment in Bengal Energy Ltd. ("Bengal") (see "Investments" section below). The investments held for trading have a fair value based on quoted market values of $2. (CCNMatthews Press Releases)
Maybank open to partnership in Turkey Nov 4, 2009
He said Maybank currently had no intention of looking at equity investment in Turkey and its main focus of business was currently the South-East Asia market. It was reported yesterday that a leading Turkish bank, Bank Asya, was keen to tap the expertise of Maybank and CIMB Bank Bhd to jointly establish Islamic banking operations in Turkey. (The Star Online, Malaysia -- Business)
Equity fund report card;SA's best and worst... Nov 1, 2009
Du Plessis believes this strengthens the case for investors to include some form of passive equity investment in their portfolios. "One should in particular consider passive investment funds, such as those that are compiled using fundamental indexing methodology," says Du Plessis. (iAfrica.com)
Duff's $100 Million Hedge Fund Spending Spree Fails to Lure Any Investors Oct 31, 2009
They claimed that their equity investment had nothing to do with their 2009 employment contracts, under which Zimmermann was owed $791,666. 67 and McCarty $645,833. (Bloomberg)
RealNetworks Announces Third Quarter 2009 Results Oct 30, 2009
5 million in restricted cash and equity investments at Sept. 30, 2009 ... RealNetworks, Inc. and Subsidiaries Condensed Consolidated Statements of Operations (Unaudited) Quarters Ended Nine Months Ended September 30, September 30, -------------- -------------- 2009 2008 2009 2008 ---- ---- ---- ---- (in thousands, except per share data) Net revenue $140,264 $151,955 $416,762 $452,166 Cost of revenue 53,686 62,164 165,321 173,202 ------ ------ ------- ------- Gross profit 86,578 89,791 251,441... (Yahoo! Wire -- Entertainment News)
Central Pacific Financial sees $183M loss in Q3, worst ever Oct 30, 2009
The options include a public stock offering or a private equity investment, and could involve raising more than $100 million, he said. We re not laying out any timetable, Migita said. (Pacific Business News, HI)
Prosecutors Expect Guilty Plea in Investment Scam Oct 29, 2009
Kenitzer was vice president of Equity Investment Management and Trading Inc., which promised investors risk-free, 36 percent annual returns. Prosecutors say he and others withdrew the money and hid the loss. (ABC News -- Wire)
Ares Capital to buy Allied Capital Oct 27, 2009
The D.C.-based private equity investment company (NYSE: ALD) posted its sixth straight quarterly loss in August and committed to unloading assets in its portfolio to generate capital and improve liquidity. Its net investment income was down 71 percent to $18. (Washington Business Journal, DC)
Sweat is sweet for future homeowners Oct 25, 2009
The sweat equity investment is worth another 42,656, and the family will move into a house valued at 224,125. There are no down payments and the average mortgage payments range from 500 to 900. (Wasilla Frontiersman, AK)
Canfor Pulp Income Fund Announces Third Quarter 2009 Results Oct 24, 2009
Changes in these estimates could have a material impact on the calculation of the future income tax liability or equity investment in the Partnership ... Canfor Pulp Income Fund Consolidated Balance Sheets As at As at September 30, December 31, (thousands of dollars, unaudited) 2009 2008 -------------------------------------------------------------------------- ASSETS Current assets Distributions receivable from Canfor Pulp Limited Partnership (notes 4,5) $ 355 $ 1,420... (CCNMatthews Press Releases)
The truth about banks and dogs Oct 24, 2009
In the United Kingdom, in the form of direct or guaranteed loans and equity investment, it is not far short of a trillion (that is, one thousand billion) pounds, close to two-thirds of the annual output of the entire economy. To paraphrase a great wartime leader, never in the field of financial endeavor has so much money been owed by so few to so many. (Asia Times Online)
$100 million slated for affordable housing Oct 23, 2009
The Exchange program allows WHEDA to exchange previously allocated tax credits to cash for equity investment. WHEDA staff moved quickly to develop a process to get these valuable resources out the door, and in compliance with federal rules and regulations, said Riley. (Milwaukee Business Journal, WI)
Coughlin Stoia Geller Rudman & Robbins LLP Files Class Action Suit against The9, Ltd. Oct 22, 2009
The complaint further alleges that these statements were inaccurate statements of material fact when made because defendants failed to disclose that: (i) it was becoming increasingly less likely that the Company would be renewing the WoW contract with Blizzard; (ii) The9 had not even begun formal negotiations with Blizzard regarding the contract renewal; (iii) The9 and Blizzard had been at odds regarding The9s operation of WoW in China; and (iv) the equity investment by EA in The9 had made it... (Yahoo! Wire -- Entertainment News)
READ: Wells Fargo's press release Oct 22, 2009
"Since the merger with Wachovia at year-end 2008, we've earned a record $9.45 billion, even after building credit reserves by $3.0 billion and recording $1.4 billion of other-than-temporary impairment (OTTI) charges. Pre-tax pre-provision profit has grown every quarter this year, reaching a record $10.8 billion in the third quarter, more than double quarterly net charge-offs. While mortgage origination and hedging results contributed to our performance, collectively all of our other businesses... (USA Today -- Money)
Heavy charge drops Manpower to third-quarter loss Oct 22, 2009
Manpower's 2009 third-quarter results included one-time charges consisting of an after-tax goodwill and intangible asset impairment charge of $61 million, a loss on the sale of an equity investment of $5. 3 million, and a $4. (Milwaukee Business Journal, WI)
Suncorp's life-line Oct 21, 2009
So assuming there was $NZ75 million of equity involved in the initial purchase, $NZ261 million of proceeds would represent a 250 per cent return on the initial equity investment within 3 years. In the meantime, the fine print of the Kathmandu prospectus shows that while sales growth has been impressive under private equity ownership, that is primarily from opening new stores rather than sales increases at existing stores. (Sydney Morning Herald -- Business)
Don't worry, Prasarana Negara bondholders have Govt guarantee Oct 21, 2009
Among the key problems the NAR highlighted was Prasaranas equity investment of RM26 ... The NAR pointed out that Prasaranas equity investment in KL Infrastructure had depreciated by 74. (The Star Online, Malaysia -- Business)
Omnicity Signs Midwest WISP as Next Acquisition Oct 20, 2009
Michael Dinkins, President of SUI commented, "The timing is perfect for us to turn over our fixed wireless assets to Omnicity and we have full confidence in their ability to deliver on their business model. We believe in their plan so much that we have chosen to move our assets into an equity investment in Omnicity." SUI began operations in 1994 selling computers, network services, dial-up Internet and, in 2003,, added high speed fixed wireless services. SUI will continue to sell Omnicity... (Primezone Releases)
Eagle Rock gets competing bid Oct 20, 2009
Black Stone, a private equity company based in Houston, also said it would provide a standby equity investment commitment in support of a public equity offering by the partnership. The proposal comes four days after Eagle Rock shareholder its previous proposal to buy the mineral business for $145 million. (Houston Business Journal, TX)
Tata-Quippo eyes PE funds for Aircel arm Oct 20, 2009
If completed, it will be the single-largest private equity investment in India. While the details of the transaction were still being firmed up, the deal may involve Apollo picking up a stake in Tata-Quippo. (India Times)
READ: Bank of American's press release Oct 17, 2009
" Third-Quarter 2009 Business Highlights -- Average retail deposits in the quarter increased $93.0 billion, or 16 percent, from a year earlier, including the net impact of $72.1 billion in balances from Merrill Lynch and Countrywide. Excluding Countrywide and Merrill Lynch, retail deposits grew $20.9 billion, or 4 percent, from the year-ago quarter. -- Global Wealth and Investment Management was ranked No. 1 among U.S. wealth managers with more than 25 percent of the nation's top 100 financial... (USA Today -- Money)
Morris sells majority stake in ad firm Oct 16, 2009
Morris Communications Co. sold a majority stake in its billboard advertising company Thursday to a Washington, D.C.-based private equity investment firm as part of the debt restructuring plan for its newspaper group. ACON Investments LLC bought Fairway Outdoor for an undisclosed amount. (Athens Banner-Herald)
MethylGene Announces Equity Investment From Otsuka Pharmaceutical Co., Ltd. Oct 15, 2009
"market" : {"NAME" : "U.S.", "ID" : "us_market", "TZ" : "ET", "TZOFFSET" : "-14400", "open" : "1255613445", "close" : "1255636845", "flags" : {}} , "STREAMER_SERVER" : "http://streamerapi.finance.yahoo.com","arrowAsChangeSign" : false,"throttleInterval": "1000". Search for share prices. (CCNMatthews Press Releases)
Shikha Sharma, MD & CEO, Axis Bank Oct 15, 2009
Theres no logic in entering greenfield insurance- Interviews-Opinion-The Economic Times. Theres no logic in entering greenfield insurance15 Oct 2009, 0045 hrs IST, George Cherian, ET Now. (India Times)
CCEA may take up Telenor proposal today Oct 15, 2009
Telenor obtained FIPB approval to enhance its stake to 74% in late August this year, which is a precursor to obtaining Cabinet clearance for full equity investment. However, Telenor has an agreement with its partner Unitech to acquire just a 67. (India Times, India -- Intl Business)
Pension funds stand to lose $600M in NYC Oct 15, 2009
Those investors include the , which is in for $500 million in an equity investment, and the , which has an equity investment of $100 million, the Journal reported. and bought the sprawling, 11,000-unit urban apartment complex for $5. (Sacramento Business Journal, CA)
PAI Investors, Including Canada Pension, Said to Propose Slashing Fund Oct 14, 2009
Zinsou, who joined the firm a year ago from Rothschild, hasnt led a private equity investment. Megret and Meuniers ouster triggered a so-called key-man clause in the fund, allowing investors to renegotiate their commitments. (Bloomberg -- Canada)
Baker & Taylor and K-NFB Reading Technology Partnership to Deliver an Immersive, Next Generation Reading Experience Oct 14, 2009
Baker & Taylor is majority owned by Castle Harlan Partners IV, L.P., an institutional private equity fund managed by Castle Harlan Inc., a leading private equity investment firm. About K-NFB Reading Technology, Inc.. (Yahoo! Wire -- Entertainment News)
Baker & Taylor Launches TextStream Digital Print Service Oct 13, 2009
Baker & Taylor is majority owned by Castle Harlan Partners IV, L.P., a leading private equity investment firm. Buzz up. (Yahoo! Wire -- Entertainment News)
Struever Bros. unloading space at Tide Point headquarters Oct 13, 2009
retained CB Richard Ellis Inc. in November 2008 to try to sell the property for $102 million or attract additional equity investment. CB Richard Ellis broker Robert T. Bo Cashman said his firm is no longer marketing the property for sale. (Baltimore Business Journal, MD)
Tata Investment Corporation can provide good returns Oct 12, 2009
Since it is an investment company, we have valued it based on net asset value the sum of market value of equity investment, book value of debt securities and cash in hand ... The market value of equity investments is around Rs 2,300 crore and the value of unquoted investments is close to Rs 700 crore. (India Times)
Investors shun equity to seek safety of debt Oct 12, 2009
In August, too, asset management companies favoured fixed income investments, making a net purchase of Rs 9,052 crore in debt and limiting net equity investments to just Rs 570 crore ... Their net equity investment was as much as Rs 18,344 cr. (India Times)
Wachovia invests $600K in Capitol City Oct 10, 2009
reported Friday a $600,000 equity investment in the parent company of Atlanta-based Capitol City Bank & Trust Co., one of the largest African-American-owned banks. The investment, in the form of preferred stock of parent company , represents a 60 percent increase in Wachovia s current holdings in the company. (Atlanta Business Chronicle, GA)
United BioSource gets $125M investment Oct 9, 2009
United BioSource has received a $125 million equity investment from Boston-based. Bethesda-based United BioSource says the investment will help fund its continued expansion through acquisitions. (Washington Business Journal, DC)
Amica Mature Lifestyles Announces First Quarter Results for Fiscal 2010 Oct 9, 2009
Previously, design and marketing fees and interest earned on these co-tenancies were reflected in earnings whereas under equity accounting, they are netted against the equity investment until the properties are considered to be income-producing. For the quarter ended August 31, 2009, these fees credited to the co-tenancy investments amounted to $0. (CCNMatthews Press Releases)
Mauritius denies being tax haven, invites investors Oct 9, 2009
Speaking on the sidelines of an international seminar to promote Mauritius as a destination for private equity investment, Mr Sithanen strongly supported the Double Taxation Avoidance Treaty (DTAA) it has with India, and said that it is not a one-off treaty between the two countries but that both the countries have such treaties with many other countries ... It is in this context that the country held three international conferences, Mauritius as a destination for private equity investment, as... (India Times)
Investments at PIC plunge 6% Oct 9, 2009
This meant that they too had seen their equity investment portfolios taking a hard knock, analysts said ... Chief executive Brian Molefe said equity investments were the only problem otherwise bonds, cash, property and Isibaya, which is PIC's private equity fund, performed well during the period. (Business Report, South Africa)
Oscar Nominated Actors Taraji P. Henson and Terrence Howard Join Forces to Host 'CENTRIC PRESENTS: 2009 SOUL TRAIN AWARDS' Show with First Network Premiere on Sunday, November 29 at 9:00 PM* Oct 8, 2009
Soul Train Holdings was formed in May 2008 by MadVision Entertainment, an urban-focused content company, and InterMedia Partners, a private equity investment firm. MadVision was created in 2006 by media and entertainment veterans Kenard Gibbs, Peter Griffith, and Anthony Maddox. (Yahoo! Wire -- Entertainment News)
PDP Aims for Fun with New NERF Blaster Oct 8, 2009
Patriarch Partners LLC is a private equity investment firm with offices in New York, Charlotte, North Carolina and Dallas, Texas. Funds affiliated with Patriarch manage assets in excess of $6 billion and include majority and minority ownership positions in more than 70 companies. (Yahoo! Wire -- Entertainment News)
Equity firm buys 46% of JohnsonDiversey Oct 8, 2009
In addition to the equity investment, the transaction contemplates a debt financing package of approximately $1. 9 billion. (Milwaukee Business Journal, WI)
Comment on this article Oct 7, 2009
Out of their joint efforts has emerged what is now a third constant: the increased emphasis on "project finance," which had originally been a natural resource and a real estate financial technique: the leveraging of developer equity investment in projects by borrowing against the promise of production of future revenues derived from offtakes from the projects. Recognition of the potential of legislation to facilitate "good" (i. (Energy Pulse, CO)
Debt options before this results season Oct 6, 2009
This will ensure equity investments on a sustainable basis and will also help you take advantage of the market volatility if any ... If you don't have the discipline to do so, continue with your existing equity investment process as the markets look good in the medium term. (India Times)
NYT: Life was plush for Simmons executive Oct 6, 2009
He was paid millions of dollars to run Simmons for several private equity investment companies, first Fenway, then Thomas H. Lee Partners. Like those firms, he fared well, even though Simmons plans to file for bankruptcy. (MSNBC -- Business)
Loans of a credit Oct 5, 2009
Typically, the financing of 504 projects involves a mix of private-sector loans, government-guaranteed loans (often from a nonprofit Certified Development Company), and equity investment from the small business. As mentioned previously, the $375 million allocated to this program by the stimulus package is aimed at encouraging more lending by eliminating throughout the rest of 2009 any upfront loan fees paid by qualified small business borrowers, and in the case of 504 loans, third-party lenders... (Suite101.com)
CMA CGM Said to Seek Investment From Investors Including French State Fund Oct 3, 2009
CMA CGM Said to Seek Equity Investment From French State Fund - Bloomberg ... CMA CGM Said to Seek Equity Investment From French State Fund ... A direct equity investment would be in contrast to the loan guarantees Hapag-Lloyd AG will receive from the German government as part of a 1. (Bloomberg -- Europe)
Report: Global Cleantech Investment Down 22% in 3Q Oct 3, 2009
Venture capital and private equity investment dropped 46 percent to $2. 2 billion. (ABC News -- Wire)
Anidaso Mutual Fund posts impressive performance Oct 3, 2009
Mr Albert Kogya, Equity Investment Officer,New Generation Investment Services Limited (NGIS), Managers of AMF, made this known at the annual general meeting of shareholders of the Fund in Kumasi on Friday. He said even though the investment climate, especially in the latter part of 2008 was challenging as a result of the global economic downturn, the Fund posted positive performance in 2008. (Ghana Web, Ghana)
India owes $82.5bn to foreigners Oct 3, 2009
5bn to foreigners - India Business - Business - NEWS - The Times of India. TNN 3 October 2009, 01:30am IST. (India Times, India -- Intl Business)
Liquid Environmental Solutions nabs 20M Oct 2, 2009
a North Texas company that collects and treats non-hazardous liquid waste including restaurant grease, has received a $20 million growth equity investment from a West Coast private equity firm. The Dallas company will use the investment from Los Angeles to grow its operations and geographic reach. (Dallas Business Journal, TX)
Fidelity completes Metavante merger Oct 2, 2009
On Sept. 4 FIS announced its shareholders approved the issuance of FIS common stock for the merger of Metavante as well as issuing approximately 16 million shares of stock to and Fidelity National Financial Inc. in connection with the equity investment the two companies made into FIS to complete the merger. At the time the merger was announced the combination would have approximately 33,000 employees and 27 operation centers worldwide in 90 countries. (Jacksonville Business Journal, FL)
Full Story » Oct 1, 2009
The March Group: PAG Capital, LLC Makes Majority Equity Investment in Corporate Technology Solutions, LLC - Yahoo ... The March Group: PAG Capital, LLC Makes Majority Equity Investment in Corporate Technology Solutions, LLC ... PAG is a Chicago-based private equity firm specializing in private equity investments and recapitalizations of lower middle-market companies in partnership with management. (Yahoo News -- Press Releases)
The March Group: PAG Capital, LLC Makes Majority Equity Investment in Corporate Technology Solutions, LLC Oct 1, 2009
PAG is a Chicago-based private equity firm specializing in private equity investments and recapitalizations of lower middle-market companies in partnership with management. For additional information about PAG, please refer to the firm's Web site at. (Yahoo News -- Press Releases)
Oxygen Development seeks $3M HUD loan Oct 1, 2009
1 million, with $630,000 coming from Oxygen Development s equity investment. The HUD Section 108 loan is repayable over 15 years with the interest rate set at the three-month London Inter Bank Offered Rate (LIBOR) at the time of closing, plus one percentage point. (South Florida Business Journal, FL)
Roark Capital drops $100M into Waste Pro Sep 30, 2009
made a $100 million equity investment in Longwood, Fla. -based , a non-hazardous solid waste management company. (Atlanta Business Chronicle, GA)
