Hints and tips:
...After this week’s Magellan vote, Energy Income Partners said it was disappointed....
...Like other LPs, CIC receives a trickle of quarterly financial reporting from fund managers on their portfolios....
...Clayton, Dubilier & Rice has named Detlef Trefzger, the former chief of logistics company Kuehne+Nagel Group, as an operating adviser....
...One partner in the fund told the Financial Times that the poor recent performance of Asian markets and economies may have put pressure on investors, who now need cash to meet their obligations....
...It pointed to recent private equity deals for G4S, Aggreko, Equiniti, Sanne and Clipper Logistics, and suggested IWG, Serco and Essentra as future potential takeout targets....
...A senior partner at another large US-based private equity company that has offices in China said the country was “too important to walk away from”....
...Blackstone has named Peter Hwang as chief executive of its Shanghai logistics arm DragonCor. He was previously a managing director at information management group Iron Mountain....
...Meanwhile the cost of transport, raw materials and logistics has crept up because of the health crisis, sapping profits....
...its US and global holdings of office buildings, shopping malls, self-storage facilities and logistics hubs were properly valued at $27....
...“There will be deals that will fall away, but if the fundamentals are strong on the underlying assets, the deals will occur,” said Manish Chande, senior partner at Clearbell....
...“Logistics is our biggest theme,” Mr Gray said. Crown’s Sydney-listed shares closed 11 per cent higher on Wednesday....
...Law firm Baker Botts has hired Stuart Blythe as a corporate partner in its London office. He joins from CMS....
...Logistics Partners Operations — now part of the Energy Transfer Partners pipeline company — and a $65m investment from existing equity holders led by Carlyle....
...Trafigura co-owns an export terminal at Corpus Christi with Buckeye Partners LP, and has exclusive shipping rights....
...The Alerian MLP index, which tracks energy logistics companies, has declined 19 per cent in the past year....
...Other companies involved in the pipeline such as Sunoco Logistics, Enbridge Energy Partners, Philips 66 and Marathon Petroleum were classed as “severe” on the controversy assessment level....
...Energy Transfer Partners and Sunoco Logistics Partners, the companies leading the $3.8bn project, said in a statement that the move to block Dakota Access was a “purely political decision” on the part of...
...Sunoco Logistics did not respond to a request for comment....
...Eastdil Secured and Goldman advised Blackstone alongside PJT Partners, Morgan Stanley, BofA Merrill Lynch and Citigroup. Simpson Thacher & Bartlett acted as legal advisors to Blackstone....
...He eventually served in the navy doing logistics before going to Harvard....
...In September, Vitol sold a crude terminal and a gathering system in the Permian Basin to Sunoco Logistics Partners for almost $800m....
...China Investment Corporation has meanwhile bought Logicor, the European logistics group, from Blackstone for $12.25bn. Profitable exits such as this have encouraged more cash to flow in....
...Bank of America, Citigroup, Goldman Sachs and Morgan Stanley have meanwhile been appointed to lead any IPO, which could come later this year, while boutique firm PJT Partners would act as an adviser....
...In September, the company sold a crude terminal and a gathering system in the Permian Basin to Sunoco Logistics Partners for almost $800m....
...The company has also identified ways of eliminating duplicated costs from head office and logistics operations....
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