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RSCI News 1.11
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smomtazi@rosemontseneca.com
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2013-01-11 21:48:45
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FISKER Q&A with Henrik Fisker<http://www.artinfo.com/news/story/853630/freedom-to-design-qa-with-henrik-fisker-ceo-of-fisker> ArtInfo 1/7 Design-focused interview with Fisker Automotive’s CEO. THE WEATHER CHANNEL Weather Channel feeds into GM, Toyota Vehicle Info systems<http://press.weather.com/in-the-news/ces-weather-channel-feeds-into-gm-toyota-vehicle-info-systems/> Weather 1/8 The Weather Channel is hitting the road, cutting a deal to provide weather information for some 2014 models of Toyota vehicles and demonstrating a weather app for General Motors’ new in-car application framework. SEAWORLD Breaking down SeaWorld’s assets<http://www.bizjournals.com/tampabay/print-edition/2013/01/11/breaking-down-seaworlds-assets-for.html> Tampa Bay business journal 1/11 A look into SeaWorld’s assets ahead of the IPO/Sale. ENERGY FUTURE HOLDINGS Energy Future Creditors agree to new debt rules in bond exchange<http://www.bloomberg.com/news/2013-01-09/energy-future-creditors-agree-to-new-debt-rules-in-bond-exchange.html> Bloomberg 1/9 EFH creditors agreed to exchange $1.37BN of the company’s bonds and to amend rules governing its securities as the power producer shifts liabilities before a potential restructuring. Energy Future Extends $646MM of revolving loands until 2016<http://www.bloomberg.com/news/2013-01-07/energy-future-extends-646-million-of-revolving-loans-until-2016.html> Bloomberg 1/7 Lenders to Energy Future Holdings Corp.’s unregulated electricity unit agreed to extend the maturity of $646 million in revolving credit commitments. AIRVANA Femtocell bounce in 2h2012 suggests market could be turning a corner<http://www.marketwatch.com/story/femtocell-bounce-in-2h-2012-suggests-market-could-be-turning-a-corner-says-abi-research-2013-01-07> Marketwatch 1/7 Airvana, Alcatel-Lucent, and NEC/Ubiquisys remained the top vendors in terms of shipments making up 78% of the total shipments in 2012. PRIVATE EQUITY Weil Gotchal predicts more secondary buyout<http://blogs.wsj.com/privateequity/2013/01/11/weil-gotschals-crystal-ball-shows-more-secondary-buyouts-and-div-recaps-in-2013/> WSJ 1/11 Accommodating debt markets and pressure to return money to investors should lead to a health pace of secondary buyouts and dividend recaps during 2013, according to a report by Weil Gotschal & Manges Partners Doug Warner and Michael Weisser. Frontenac strike first deal out of 10th fund<http://pevc.dowjones.com/article?an=DJFLBO0020130111e91bbi3n8&from=NL&pid=15&ReturnUrl=http%3a%2f%2fpevc.dowjones.com%3a80%2farticle%3fan%3dDJFLBO0020130111e91bbi3n8%26from%3dNL%26pid%3d15> LBO wire 1/11 Frontenac Co. has closed its first deal out of its 10th fund just weeks after reaching an initial close on the pool PE’s dividend recap gold rush<http://blogs.wsj.com/privateequity/2013/01/10/risky-business-pes-dividend-recap-gold-rush/> WSJ 1/10 Dividend payouts have left companies more leveraged and, in some cases, prompted their credit ratings to be downgraded, leading to questions about these companies’ ability to stay afloat should the economy turn south. Firms look to turn trash to treasure<http://blogs.wsj.com/privateequity/2013/01/10/firms-look-to-turn-trash-to-treasure/> WSJ 1/10 An article on PE investment in waste disposal businesses. China again passes on full regulation of PE<http://blogs.wsj.com/privateequity/2013/01/09/china-again-passes-on-full-regulation-of-private-equity/> WSJ 1/9 China’s private equity and venture capital industry will stay largely unregulated, after regulators again decided not to cover the asset class in the nation’s securities investment funds law. Carlyle’s 4Q gains may point to a good year for PE<http://blogs.wsj.com/privateequity/2013/01/08/carlyles-4q-gains-may-point-to-a-good-year-for-private-equity/> WSJ 1/8 Carlyle Group<http://online.wsj.com/public/quotes/main.html?type=djn&symbol=CG> CG -0.23%<http://blogs.wsj.com/public/quotes/main.html?type=djn&symbol=CG?mod=inlineTicker>, whose exit from China Pacific Insurance (Group) Co. minted the investment most-profitable investment in the firm’s 26-year history, said Tuesday the value of its private equity portfolio rose 5% in the fourth quarter and 16% for the full year. U.S. Fundraising climbed in 2012<http://blogs.wsj.com/privateequity/2013/01/07/u-s-fundraising-climbed-in-2012-no-matter-what-bad-things-people-said-about-bain-capital/> WSJ 1/7 In the U.S., fundraising by private equity firms, which includes buyout, venture capital, mezzanine, secondary and fund of funds, jumped by 20%, from $133 billion raised in 2011 to $160.4 billion in 2012, according to Dow Jones’ LP Source. -- Sebastian Momtazi Analyst Rosemont Seneca Partners 401 Greenwich Street, 3rd Floor New York, NY 10013 *212-933-9965* main *347-602-1160* mobile *s<https://owa.smarshexchange.com/owa/redir.aspx?C=4d2227dbcf3e452e8d29e25e7b467293&URL=mailto%3amfazylova%40rosemontcapital.com> momtazi@rosemontseneca.com* The information contained in this email is confidential, may be privileged, may constitute inside information and is intended only for the use of the intended addressee and any others who have been specifically authorized to receive it. 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