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Energy

Firefly Energy to Submit Chapter 7 Filing

March 15, 2010 - Lead-acid battery technology developer Firefly Energy Inc. will soon file for Chapter 7 bankruptcy. The Peoria, Ill.-based company was founded in May 2003 as a spin-off of Caterpillar.

Greentech Grows Private Placement Effort

March 10, 2010 - Greentech Capital Advisors has nabbed Deutsche Bank private placement veteran Heather Smith to spearhead its efforts in the market.

Falfurrias Seeks to Double First Fund

March 9, 2010 - Falfurrias Capital Partners is ramping up its plans for a new $200 million fund, sources confirmed. The vehicle, to be called Falfurrias Capital Partners II, has yet to begin soliciting funds and has no plans to use a placement agent.

B of A Merrill Lynch Hires Energy Investment Banker

February 26, 2010 - Bank of America Merrill Lynch hired Oscar Brown as a managing director of energy investment banking and head of its Houston investment banking office.

HY Primary Market Stumbles as Issuers Pull Deals

February 16, 2010 - The high-yield bond primary market saw five deals pulled last week, bringing the total yanked so far this year to eight. This leaves $835 million in potential junk bond deals in the pipeline.

TXCO Resources Sells Assets in Bankruptcy Sale

February 12, 2010 - TXCO Resources Inc., a San Antonio-based oil and natural gas exploration and development company, sold substantially all of its assets for $310 million in a court-ordered bankruptcy sale.

Huntsman Backs Power Maintenance Co.

February 1, 2010 - T&D Solutions LLC, an overhead and underground distribution and transmission construction and maintenance company, has received an unspecified growth equity investment from Huntsman Gay Global Capital.

Bankers Think PE Will Fuel IPOs, Survey Says

January 12, 2010 - Investment bank executives expect a strong increase in initial public offerings from private equity-owned companies in 2010, according to a survey by financial advisory firm BDO Seidman.

Moody’s Default Measure Falls for First Time Since January 2008

January 11, 2010 - A measure of corporate defaults tracked by Moody’s fell in the fourth quarter to 12.5% from 12.6% in the third quarter, the first time the measure has declined since January 2008.

Published Reports: Japan Airlines to Restructure in Japanese 'Bankruptcy' Process

January 11, 2010 - Japan Airlines Corp. is expected to file for bankruptcy this week. The Tokyo-based air carrier is expected to secure ¥700 billion as part of its proposed restructuring.

FINRA: Beware of Green Investments

January 4, 2010 - The Financial Industry Regulatory Authority issued an investor alert warning investors to be wary of green energy investments, but analysts warn that people shouldn't abandon the sector completely.

Marlin Raises $650M For Third Fund

December 15, 2009 - Marlin Management Co. completed fundraising for its third buyout fund, more than doubling its predecessor fund and finishing a full $200 million over its original target. The new vehicle, which saw demand exceed well over $1 billion, raised a total of $650 million.

Remembering Fred Joseph

November 30, 2009 - To mark the passing of Fred Joseph, IDD is republishing its Feb. 9, 2009 cover story about the Wall Street veteran, who worked in finance for nearly five decades. Joseph discussed, among other topics, his relationship with Michael Milken, the fall of Drexel Burnham Lambert, and his humble beginnings in Boston.

Global Energy To Liquidate Non-Core Assets In Bankruptcy

November 30, 2009 - Global Energy Holdings Group Inc. filed for Chapter 11 bankruptcy protection in Delaware and will sell non-core assets as part of its court-supervised workout.

Editor's Note: 12th Annual Deal of the Year Award Nominations

November 25, 2009 - Investment Dealers' Digest is pleased to announce the 12th annual Deal of the Year Awards. This year’s special edition profiling the winners will be published on Jan. 29, 2010. The nomination window is open until Dec. 18, 2009.