CVC Capital, CPPIB to Acquire Petco for $4.6 Billion Nov 23, 2015 01:25PM

Petco Animal Supplies, Inc announced today that funds affiliated with CVC Capital Partners and Canada Pension Plan Investment Board (CPPIB) have entered into a definitive agreement to jointly acquire the Company from a group of investors led by TPG and Leonard Green & Partners for approximately $4.6 billion. The acquisition is expected to close in early 2016.

Based in San Diego, Petco is a leading specialty retailer of premium pet food, supplies and services. The company... (continue reading...)

General Electric (GE) to Sell U.K. Home Lending Mortgage Loan Portfolio with ENI of ~$5.8B (BX) Nov 23, 2015 07:08AM

General Electric (NYSE: GE) has signed an agreement to sell a portfolio of first lien mortgage loans from its UK Home Lending business, representing aggregate ending net investment (ENI) of approximately US$5.8 billion, to an investment consortium made up of opportunistic funds managed by Blackstone (NYSE: BX), TPG Special Situations Partners (TSSP), and CarVal Investors. The loans have a face value, or customer servicing balance of US$5.9/£3.8 billion. The transaction... (continue reading...)

UPDATE: Supervalu (SVU) Considering Sale of Save-A-Lot - Reuters Nov 20, 2015 03:49PM (Updated - November 20, 2015 3:49 PM EST)

Supervalu (NYSE: SVU) is considering a sale of Save-A-Lot as an alternative to a spin-off, according to Reuters. Supervalu has received interest from several private equity firms and said it will consider offers after it registers the unit for a spin in early 2016, the report said.

SolarCity (SCTY), Silver Lake Kraftwerk Announce $100M Strategic Investment Nov 18, 2015 09:09AM

SolarCity Corporation (NASDAQ: SCTY) and Silver Lake Kraftwerk, Silver Lake's energy and resource innovation fund, today announced that they have agreed to a strategic investment of $113 million in aggregate principal amount of SolarCity's Zero Coupon Convertible Senior Notes (the "notes"). Silver Lake Kraftwerk has agreed to invest $100 million, SolarCity Chairman Elon Musk will invest $10 million and CEO Lyndon Rive will invest $3 million.

SolarCity is the #1 provider... (continue reading...)

UPDATE: SolarCity (SCTY) to Announces $113M Investement by Silver Lake, Musk - NYT Nov 18, 2015 08:17AM (Updated - November 18, 2015 8:17 AM EST)

SolarCity (NASDAQ: SCTY) is expected to announced Wednesday that it raised $113 million in new investment by Silver Lake, chairman Elon Musk, and chief executive Lyndon Rive, according to report in the New York Times.

Under the terms of the deal, Silver Lake Kraftwerk will buy $100 million worth of convertible notes, Musk will put in $10 million, and Rive will by $3 million. Notes are convertible at $33.

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