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Energy

News

BofA Hires Ex-Citi Energy Banker

Alan Murray will join Bank of America Merrill Lynch as a managing director in its energy corporate and investment banking practice in late September. He was formerly global head of energy M&A at Citigroup.

S&P: Recession To End This Year

Standard & Poor’s is predicting an end to the recession by the fourth quarter of this year, and positive GDP growth next year of 1.3%.

Candover Ends Sale Talks

U.K.-based investment firm Candover Investments plc has ended its discussions with its would-be bidders, saying its recent actions have bolstered “the financial position of the company.”

No Loan For Porsche, German Bank Says

Porsche said Tuesday it has been denied a $2.5 billion loan by state-owned German bank Kreditanstalt für Wiederaufbau and will begin talks for alternative financing possibilities.

Lime Rock PIPEs Up

About a year ago, Allis-Chalmers Energy Inc. was doing great, but since then the company's fortunes have been dramatically affected by the recession. Allis-Chalmers could not get by without taking an infusion from Lime Rock Partners V, as public companies have increasingly turned to private equity to become leading shareholders.

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Articles

Eyes On The Prize

To many, the deal market may seem a modern take on Samuel Beckett's 'Waiting for Godot.' Buyers and sellers continually wait for a sign that business has stabilized. For the deal community, the identity of Godot may as well be 'visibility,' and in its absence, few have any solutions other than to merely wait.

A Major Thaw In PE Lending?

Middle market buyouts are fueling bank debt syndications in the leveraged loan markets; could large-scale financings be next?

Inflated Expectations

Is it just me, or is it truly ironic that as President Obama was unveiling his plans to rescue the financial services industry, the debate raged on about ... inflation?

Fieldstone's Next Chapter

When Jeff Glasse was gearing up to join Fieldstone Capital Group in the summer of 2008 to head up the firm's new leveraged loan trading effort, he and his colleagues expected that they'd be heading into a fairly severe distressed credit cycle. By October 2008, when Glasse came on board, the entire loan market was trading at distressed levels. This provided Fieldstone's new loan trading team with a great opportunity.

Hedge Funds Starting To Find Their Footing

The Guinness family, best recognized for the centuries-old Irish beer brand it cultivated, recently offered a different pour: more money into a Swiss fund of hedge funds dubbed 47 Degrees North Capital Management. The Guinness' might be among the best-known clans to further jump into hedge funds, but they are certainly not the only investors returning to that party.

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