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RSCI news 12.7
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2012-12-07 16:09:57
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*FISKER* Fisker hires G.M.’s former head of marketing<http://wheels.blogs.nytimes.com/2012/11/27/fisker-hires-g-m-s-former-head-of-marketing/> NY Times 11/27 Fisker hired Joel Ewanick, the former head of marketing at GM, as its interim chief of global sale and marketing. Richard Beattie, the company’s CCO is retiring. Fisker seeks strategic partner<http://www.socaltech.com/report_fisker_automotive_seeks_strategic_partner/s-0046564.html> Socialtech 12/4 In an interview with The Detroit Bureau, Henrik Fisker said that Fisker is “actively engaged in conversations with potential strategic partners”. Will Fisker ask for the rest of the DoE loan?<http://www.greencarreports.com/news/1080846_will-fisker-ask-for-rest-of-its-stalled-doe-low-interest-loan> Green car reports 12/6 Posawatz suggested in a Fox News interview that Fisker may try to access the rest of the loan in order to produce the Atlantic. A123 Auction underway as Four bidders emerge while Fisker waits<http://insideevs.com/a123-auction-underway-as-four-bidders-emerge-while-fisker-waits/> Inside EVs 12/7 At least four companies have qualified to bid on the assets of now bankrupt US battery maker A123, one of which is the somewhat-controversial Wanxiang Group Corp of China, whom some US legislators want to block from the process. *DIAMONDBACK TACTICAL* North Carolina Company to make body armor for the FBI<http://www2.wspa.com/news/2012/dec/04/north-carolina-company-make-body-armor-fbi-ar-5102415/> WSPA 12/4 DBT won a contract to be the exclusive provider for body armor to the FBI. “We are truly honored to have been selected as the exclusive provider to the FBI,” says Andrew Blair, CEO. *AIRVANA* S&P cuts Airvana Network Solutions to ‘CCC-‘<http://www.reuters.com/article/2012/11/20/idUSWNA981620121120> Reuters 11/20 The downgrade, from CCC, reflects rapid declines in revenue and cashflow YTD, and lack of resolution of the legal proceedings against Ericsson, including ongoing uncertainty about potential proceeds from a settlement or judgment. The global femtocell equipment market to grow at a CAGR of 74.76% over 2011-2015<http://www.heraldonline.com/2012/12/04/4459803/research-and-markets-the-global.html> Herald online 12/4 One of the key factors of this growth is the increasing need for better network coverage. However, interference with macrocell networks could post a challenge to the growth of this market. *ENERGY FUTURE HOLDINGS* EFH recognized for $3MM United Way, TXU Energy Aid campaign<http://www.marketwatch.com/story/energy-future-holdings-recognized-for-3-million-united-way-txu-energy-aid-campaign-2012-11-30> Marketwatch 11/30 EFH has contributed nearly $3MM through United Way and TXU Energy Aid. “For the second year in a row, our employees raised more than $2MM and with the company’s additional $1MM match, we’re able to make our dollars stretch even further…” said Claudia Morrow, 2012 EFH campaign chair. Oncor executives reap year-end bonuses<http://www.dallasnews.com/business/energy/20121203-oncor-executives-reap-year-end-bonuses.ece> Dallas News 12/3 The BoD of Oncor authorized $25MM in Stock Appreciation Rights in mid-November S&P cuts EFH to ‘SD’<http://www.reuters.com/article/2012/12/06/idUSWNA066920121206> Reuters 12/6 S&P view the recent exchange as tantamount to a distressed debt exchange and lower EFH’s corporate credit rating to ‘SD’ from ‘CCC’, and the ratings on EFH’s series Q and series R notes subject to the exchange to ‘D’ from ‘CC’. *HEALTHSCOPE* UXC wins $40MM contract for gold coast university hospital<http://www.pulseitmagazine.com.au/index.php?option=com_content&view=article&id=1212:uxc-wins-40m-contract-for-gold-coast-university-hospital&catid=16:australian-ehealth&Itemid=327> Pulseit magazine 11/19 The $1.76 billion hospital, which has been planned, designed and constructed in only four years, is located adjacent to Griffith University's Gold Coast campus. Healthscope is also planning to build a private hospital on the site, which is expected to begin construction next year for a completion date in 2015. Solid quarter earnings give Sonic a positive diagnosis<http://www.theaustralian.com.au/business/companies/solid-quarter-earnings-give-sonic-a-positive-diagnosis/story-fn91v9q3-1226522325105> The Australian 11/23 Sonic Healthcare has reported solid first-quarter earning and reiterated its profit guidance for the year. The company also confirmed that the integration its recent West Australian acquisition, recently purchased from Healthscope for $18MM, was proceeding well. MetLife, Healthscope to offer services to expatriate benefits customers in Australia<http://www.businessinsurance.com/article/20121206/NEWS03/121209924?tags=%7C307%7C74%7C285%7C305%7C339%7C342> Business insurance 12/6 Metlife Inc. has announced a new agreement with Healthscope Ltd. to offer services to MetLife’s expatriate benefits customers. *THE WEATHER CHANNEL* The Weather Company hires Jeremy Steinberg as Senior Vice President, Digital Ad Sales<http://press.weather.com/press-releases/the-weather-company-hires-jeremy-steinberg-as-senior-vice-president-digital-ad-sales/> Weather 11/28 Steinberg joins from FOX news, where he was vice president of digital sales and business development. He will lead TWC’s online, mobile and tablet sales. The Weather Company promotes Jennifer Danger and Cameron Clayton to president<http://press.weather.com/press-releases/the-weather-company-promotes-jennifer-dangar-and-cameron-clayton-to-president/> Weather 12/4 David Kenney has promoted Dangler to president of distribution and business development, while Clayton is becoming president of its digital division. *PRIVATE EQUITY* Private Equity’s retail therapy<http://blogs.wsj.com/privateequity/2012/11/26/private-equitys-retail-therapy/> WSJ 11/26 Acording to data from PwC, private equity investments in the retail and consumer space grew by 15% year on year in the first 9 months of 2012. Meanwhle the dollar value of announced deals more than doubled to $20BN from $9BN. KKR’s Kravis: everyone wants to close deals before fiscal cliff<http://blogs.wsj.com/privateequity/2012/12/04/kkrs-kravis-everyone-wants-to-close-deals-before-fiscal-cliff/> WSJ 12/4 With uncertainties over whether capital gains tax will rise, many are rushing to close deals before the end of the year and pocket gains from the current tax rate. Pay-to-Play scandals still stinging PE Industry<http://blogs.wsj.com/privateequity/2012/12/04/three-years-later-pay-to-play-scandals-still-stinging-pe-industry/> WSJ 12/4 The pay-to-play scandals that struck the industry a few years ago still linger, especially for Gary Bland. Private Equity expected to be lone bright spot for 2013 Deal-Making – Ernst & Young<http://blogs.wsj.com/privateequity/2012/12/05/private-equity-expected-to-be-lone-bright-spot-for-2013-dealmaking-ernst-young/> WSJ 12/5 Private Equity may be the only thing that will save a moribund deal market in 2013 High Road capital sees strong return on Medical Documents<http://blogs.wsj.com/privateequity/2012/12/05/the-morning-leverage-high-road-sees-strong-return-on-medical-documents/> WSJ 12/5 High Road Capital has sold medical document management company Accentus to Nuance Communications at a 3.1x gross cash-on-cash return. China’s Hina looks for returns in the bottom of a glass<http://blogs.wsj.com/privateequity/2012/12/05/chinas-hina-looks-for-returns-in-the-bottom-of-a-glass/> WSJ 12/5 Hina Capital Partners is setting up a $100MM wine-related fund to invest in vineyards across the U.S
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