Randy Falco, Univision’s President and CEO since 2011, will retire and leave the company at the end of the year. The news comes just one day after Univision, citing prevailing market conditions, requested to withdraw its initial public offering filing and swapped CFOs, naming Peter H. Lori to the role, immediately replacing Francisco J. Lopez-Balboa, who […]
Blackstone the world’s largest manager of alternative assets, said on Thursday a key measure of its earnings rose by 5 percent, helped by large gains in its private-equity unit and a strong performance by its real estate, credit, and hedge fund businesses. Blackstone followed its peer Apollo Global Management in reporting strong appreciation in its buyout funds […]
Spanish-language broadcaster Univision Holdings Inc. launched the process for an initial public offering by filing Thursday with the Securities and Exchange Commission. The New York-based company filed for an IPO of up to $100 million. That figure, used to calculate registration fees, is likely to change. Univision will trade under ticker symbol “UVN,” though the […]
Univision owners look to cash out with IPO By Brian Stelter @brianstelter Univision’s private equity owners have been talking about cashing out for years. Now they’re taking their most concrete step yet — enlisting big banks to underwrite an IPO. Goldman Sachs (GS) and Morgan Stanley (MS) will jointly lead an initial public offering, possibly […]
CVC, Blackstone launch up to $1bn share sale in UK’s Merlin LONDON, March 2 (Reuters) – Private equity firms CVC and Blackstone have launched the sale of all of their remaining shares in UK company Merlin Entertainments . Deutsche Bank, which is running the sale, said on Monday that it was selling 156,541,347 shares in […]
SunEdison, TerraForm Power agree to buy First Wind for $2.4 bln By Chris Witkowsky Solar developer SunEdison Inc. and TerraForm Power, which operates renewable power plants, have agreed to acquire First Wind, which develops and operates wind projects in the U.S. SunEdison and TerraForm Power have agreed to buy the company for up to $2.4 […]