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Stock Market & Financial Investment News

News Breaks
December 19, 2013
06:14 EDTCG, KKRKKR, Carlyle Group advance in Transpacific waste unit sale, Reuters reports
KKR (KKR) and Carlyle Group (CG) advanced in the sale of Transpacific Industries Group's waste management unit, in a deal valued at about $725.5M, sources say, reports Reuters.Reference Link
News For KKR;CG From The Last 14 Days
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April 1, 2015
17:03 EDTKKRKKR and Fleur de Lis Energy acquire properties from Anadarko
KKR and Fleur de Lis Energy announced the closing of an acquisition of certain CO2 enhanced oil recovery, or EOR, properties from Anadarko Petroleum Corporation (APC). The Assets are located in the Powder River and Green River Basins of Wyoming. The Assets include the Salt Creek Field, Monell Field, Linch Field and Howell Pipeline with approximately 14,000 boe/d of net production and CO2 pipeline capacity of 270 mmcf/d. The Assets also include an attractive inventory of near-term development opportunities.
13:06 EDTKKRSamson Resources says Chapter 11 filing may be best option
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08:40 EDTCGMorgan Stanley is buyers of Blackstone and Carlyle Group into Q1 reports
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06:19 EDTCGCarlyle affiliate offers to buy Nationwide Accident Repair Services for GBP43.2M
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March 31, 2015
06:21 EDTKKRKKR, Anchor in talks to buy majority stake in Groupon unit, Reuters reports
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March 30, 2015
08:17 EDTCGHCP, HCR ManorCare amend, extend master lease
HCP (HCP) and HCR ManorCare (CG) have agreed to amend their Master Lease encompassing a portfolio of 333 post-acute, skilled nursing and assisted living facilities owned by HCP. Commencing April 1, HCP will provide an annual net rent reduction of $68M, which equates to initial lease year rent of $473M, compared to $541M that would have commenced April 1, prior to the amendment. The contractual rent will increase by 3.0% annually during the initial term. In exchange, HCP will receive the following consideration: Fee ownership in nine new post-acute facilities valued at $275M with a median age of four years, currently owned and operated by HCRMC; A second lease receivable with an initial amount of $250M, payable by HCRMC upon the earlier of: (i) end of the initial term of the first renewal pool under the Amended Master Lease, or (ii) certain capital or liquidity events of HCRMC, including an IPO or sale. HCP and HCRMC continue to advance their efforts on the previously disclosed marketing of up to 50 non-strategic facilities. The asset sales are expected to be completed in late 2015 to early 2016, and generate net proceeds between $250M-$350M. Based on the previously announced 7.75% yield on sale proceeds to HCP, this will result in an annual rent reduction under the Amended Master Lease between $19M-$27M after completion.
March 24, 2015
07:27 EDTCGTelsey Advisory to hold a conference
2015 Consumer Conference is being held in New York on March 24-25.
March 23, 2015
10:09 EDTCGCarlyle doesn't see strong dollar discouraging long-term investors, Reuters says
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06:57 EDTCGSilver Lake weighs GBP2B bid for Tesco's Dunnhumby, Sunday Times reports
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06:06 EDTKKRAres Management, GE Capital invests in package supporting KKR acquisition
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March 19, 2015
15:46 EDTKKRKKR, CVC near deal for majority of Philips lighting unit, Bloomberg says
Private equity firms KKR (KKR) and CVC Capital Partners are nearing a deal that could be announced as soon as next week to buy 80% of Philips' (PHG) lighting components unit, with Philips retaining the remaining stake, reported Bloomberg, citing people with knowledge of the matter. The firms' bid values the whole of the business at about $2.7B, the sources told Bloomberg. Reference Link
15:19 EDTKKRKKR, CVC near bid for 80% of Philips lighting components unit, Bloomberg says
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