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May 20, 2014
04:55 EDTTCPC, TCPC, IVR, IVR, BLK, BLK, MITT, MITT, PMT, PMT, CG, CG, CMO, CMO, GBDC, GBDC, TCRD, TCRD, HTS, HTS, CYS, CYS, WD, WDWells Fargo to hold a conference
2014 Specialty Finance Conference to be held in New York on May 20-21.
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September 29, 2014
17:01 EDTWDWalker & Dunlop to acquire Johnson Capital loan platform
Walker & Dunlop announced that it has agreed to acquire Johnson Capital's loan origination and servicing platform. Johnson Capital is a leading national commercial real estate mortgage company that maintains long-standing brokerage relationships with many life insurance companies, banks and CMBS conduits. In addition, Johnson Capital is an approved HUD MAP lender nationally and Ginnie Mae issuer. As part of the transaction, approximately $590M in HUD servicing will be added to Walker & Dunlop's $40B servicing portfolio. Johnson Capital also has sourced billions of dollars of Fannie Mae DUS loans as a correspondent to Walker & Dunlop over the past 20 years, and has originated Freddie Mac multifamily loans. Johnson Capital has originated $1.3B in commercial loans on average over the past three years. The terms of the cash and stock transaction were not disclosed. Completion of the acquisition is subject to certain conditions, consents and approvals, and expected to close on or around November 1, 2014. Walker & Dunlop expects the transaction to be accretive beginning in 2015.
September 26, 2014
11:35 EDTCGCarlyle Group to acquire majority interest in six power plants in Georgia
Carlyle Group announced it has agreed to acquire 75.05% of the outstanding interests and operational control of Southeast PowerGen, a portfolio of six natural gas-fired power plants in Georgia, from ArcLight Capital Partners and GIC, Singapore's sovereign wealth fund. Equity capital for the transaction, terms of which were not disclosed, will come from Carlyle Power Opportunities Capital Partners L.P. and Carlyle Power Partners II L.P. The acquisition increases the size of Carlyle’s power generation portfolio to more than 4,300 MW. Southeast PowerGen, presently owned by a consortium of ArcLight Capital Partners, GIC and GE Energy Financial Services, consists of two natural gas-fired combined-cycle power generation facilities and four natural gas-fired peaking facilities totaling 2,815 MWs.
10:09 EDTHTSHigh option volume stocks
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10:01 EDTHTS, IVROn The Fly: Analyst Upgrade Summary
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07:43 EDTHTSHatteras Financial upgraded to Neutral from Underperform at BofA/Merrill
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07:41 EDTIVRInvesco Mortgage upgraded to Buy from Neutral at BofA/Merrill
September 25, 2014
18:05 EDTCGCarlyle Group to pay $115M in collusion suit settlement, Reuters says
Carlyle Group is settling a lawsuit that alleged it colluded with other buyout shops to depress deal prices for $115M, says Reuters. The settlement will be paid through a combination of Carlyle Partners IV fund capital, insurance, balance sheet capital, and contributions from some employees of the firm, added Reuters, citing sources. Reference Link
September 24, 2014
16:33 EDTWDWalker & Dunlop contributes first $58M of collateral for upcoming securitizaiton
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15:04 EDTBLKGoldman, other banks near deal to buy Bloomberg messaging alternative, WSJ says
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07:09 EDTCMOCapstead Mortgage management to meet with UBS
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September 23, 2014
13:39 EDTCGGIC in talks with Carlyle over possible GBP 2B takeover of RAC, Sky News says
The Government Investment Corporation of Signapore, or GIC, is in talks with the Carlyle Group over a potential takeover of its RAC division, a roadside assistance company, SkyNews reports, citing a person close to the situation. The deal would be valued at more than GBP 2B, and the deal could occur within days, Sky News added. CVC Capital Patners has also expressed interest in buying the RAC unit from Carlyle. A takeover of RAC would end its prospects of becoming a publicly traded company. The board of RAC will meet in the coming days to decide whether the division should go through with an IPO or pursue a sale of the business, Sky News added, citing an insider. GIC would consider taking a minority stake in RAC before its IPO if it decides to go public, the insider added. Reference Link
September 22, 2014
19:20 EDTIVRInvesco Mortgage management to meet with JPMorgan
Meeting to be held in Toronto on September 25 hosted by JPMorgan.
08:54 EDTCGCarlyle aims to divest shares in oil-unloading system, WSJ says
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September 17, 2014
07:39 EDTBLKMorningstar to hold a conference
Management Behind the Moat Conference to be held in Chicago on September 17-18.
07:37 EDTBLKMorningstar to hold a conference
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