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RSCI news 2/1
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2013-02-01 21:29:51
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FISKER
Fisker speeds up its search for
suitors<http://online.wsj.com/article/SB10001424127887323375204578267974057913146.html>
WSJ 1/27
Fisker is in talks with several potential bidders as it accelerates a
serach for buyers and investors so it can keep operating. Two possible
buyers have hired banks to work on a potential offer for Fisker.
Fisker hires Huron to help conserve cash during strategic
review<http://www.bloomberg.com/news/2013-01-29/fisker-hires-huron-to-help-conserve-cash-during-strategic-review.html>
Bloomberg 1/29
Huron’s Hugh Sawyer, a turnaround consultant, is in place to conserve cash
as Fisker seeks a buyer or a partner, acting as Chief Administrative
Officer. Fisker seeks first-round bids by early February.
Wanxiang interested in aiding Fisker after A123
purchase<http://www.bloomberg.com/news/2013-01-31/wanxiang-interested-in-aiding-carmaker-fisker-after-123-purchase.html>
Bloomberg 1/31
Wanxiang Group Co. said it want to support Fikser, which is the main
customer of A123, which it is acquiring. Wanxiang got approval from the
Committee on Foreign Investment in the U.S. to buy most of the assets of
A123 Systems Inc.
EFH
EFH 2012 net loss widens to
$2.17BN<http://www.bizjournals.com/dallas/blog/morning_call/2013/01/energy-future-holdings-2012-net-loss.html>
Dallas Business Journal 1/23
EFH Corp. said that its preliminary net loss for 2012 grow to $2.17BN from
$1.91BN a year ago.
EFH announces Final Results and settlement of exchange
offers<http://www.energyfutureholdings.com/news/newsrel/detail.aspx?prid=1484>
EFH 1/30
Energy Future Holdings Corp. ("EFH Corp.”) today announced (a) the final
results and settlement of the offers (the "First Lien Exchange Offers”) of
its direct, wholly-owned subsidiary, Energy Future Intermediate Holding
Company LLC ("EFIH”), and EFIH's direct, wholly-owned subsidiary, EFIH
Finance Inc. ("EFIH Finance” and, together with EFIH, the "Offerors”), to
exchange up to approximately $1.3 billion aggregate principal amount of new
10.000% Senior Secured Notes due 2020 of the Offerors for any and all
outstanding (i) 9.75% Senior Secured Notes due 2019 of EFH Corp., (ii)
10.000% Senior Secured Notes due 2020 of EFH Corp. and (iii) 9.75% Senior
Secured Notes due 2019 of the Offerors (collectively, the "Old First Lien
Notes”) and (b) the final results of the concurrent solicitations (the
"Consent Solicitations”) by EFH Corp. and the Offerors of consents (the
"Consents”) from holders of Old First Lien Notes to proposed amendments
(the "Proposed Amendments”) to the indentures governing the Old First Lien
Notes and to such Old First Lien Notes.
Fitch takes rating actions on Energy Future Holdings
Corp<http://www.reuters.com/article/2013/01/30/idUSWNB002UG20130130>
Reuters 1/30
Fitch has lowered the Issuer Default Ratings of EFH and EFIHC to
‘Restricted Default’ from ‘CCC’ on conclusion of the debt exchange and
removed the Rating Watch Negative.
TEKELEC
Jasper Wireless deploys Tekelec’s policy server to enable global
machine-to-machine
services<http://www.tekelec.com/press-releases/jasper-wireless-deploys-tekelecs-policy-server-to-enable-global-machine-to-machine-services.aspx>
Tekelec 1/30
Jasper Wireless will deploy the serve to provide the scalability and
flexibility machine-to-machine services require.
KT selects Tekelec’s market-leading policy server for LTE and 3G
Networks<http://www.tekelec.com/press-releases/kt-selects-tekelecs-marketleading-policy-server-for-lte-and-3g-networks.aspx>
Tekelec 1/24
Tekelec’s scalability and flexibility supports the operator’s voice over
LTE, Rich Communications Suite, and Differentiated Pricing Plans.
Tekelec ranked #1 leading independent policy
vendor<http://www.tekelec.com/press-releases/tekelec-ranked-1-leading-independent-policy-vendor.aspx>
Tekelec 1/24
Its customers include five tier 1 LTE operators in five countries.
HEALTHSCOPE
Healthscope cuts NSW staff, centres as part of
restructure<http://www.businessspectator.com.au/bs.nsf/Article/Healthscope-cuts-NSW-staff-centres-as-part-of-rest-pd20130124-492BJ?OpenDocument&src=hp7>
Business Spectator 1/24
44 pathology collection centers have been closed at the cost of 70 jobs
after the restructure of Healthscope’s NSW and Australian Capital Territory
operations.
MARSICO
The funds that saw Apple’s decline
coming<http://www.reuters.com/article/2013/01/30/us-apple-winners-idUSBRE90T14720130130>
Reuters 1/30
Marsico was one of the few funds that pulled out of Apple before its stock
nosedived.
PRIVATE EQUITY
Blackstone posts 43% Increase in 4Q
ENI<http://blogs.wsj.com/privateequity/2013/01/31/blackstone-posts-43-increase-in-4q-eni/>
WSJ 1/31
This was driven by strong perfomances in PE, Hedge Fund and credit
businesses.
China’s deals represent half of DST Global’s recent
investments<http://blogs.wsj.com/privateequity/2013/01/29/china-deals-represent-half-of-dst-globals-recent-investments/>
WSJ 1/29
The firm has invested about $1.5BN into China-based companies over the past
four years.
Word from Davos: PE is coming
back!<http://blogs.wsj.com/privateequity/2013/01/23/word-from-davos-pe-is-coming-back-baby/>
WSJ 1/23
Given cheap debt and trading at reasonable multiples, the feeling at Davos
was that LBOs were coming back
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