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Thursday, 14 December 2017

Stephen Lacey' s stories

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  • BP overcomes investor revolt with US$765m MLP IPO

    Equities | 27 October 2017

    BP got its prize on the spin-off of its US midstream assets, BP Midstream Partners, but not the price. The outcome reflected a brewing pushback from dedicated investors over structural and corporate governance on master limited partnerships.

  • BP logo

    BP uses MLP to deliver dividend

    Top News | 20 October 2017

    BP is this week wrapping up the long-awaited spin-off of its US midstream assets, BP Midstream Partners, as part of its “getting back to growth” initiative.

  • Votorantim likes sound of heavy metal

    Top News | 13 October 2017

    Brazilian conglomerate Votorantim is spinning off its zinc-mining unit, taking advantage of surging demand for the heavy metal with an up to US$650m IPO for subsidiary Nexa Resources.

  • Loma Negra cements ties to recovery

    Equities | 13 October 2017

    Planes (Azul), banks (many), and now cement - Latin American capital markets haven’t seen this type of activity in, well, ever.

  • Carlyle, CSL target energy with SPAC debuts

    Equities | 06 October 2017

    What do Carlyle Group and CSL Capital Management have in common? Both are alternative asset managers, the former with a global, broad mandate and the latter focused on energy. Another commonality is that neither firm has backed a special acquisition company.

  • Mexican national flag

    Alfa balks at investor bid for Sigma IPO

    Top News | 29 September 2017

    Mexican conglomerate Alfa pulled the plug on the up to US$1bn spin-off of its food division Sigma Alimentos on Wednesday rather than accept what it viewed as a cut-rate valuation.

  • Alfa cancels IPO of subsidiary Sigma

    Ticker | 27 September 2017

    Mexican conglomerate Alfa pulled the plug on the up to US$1bn spin-off of its food division, Sigma Alimentos, on Wednesday after the company and investors failed to see eye to eye on pricing.

  • Speciality trucker lays out roadmap for growth

    Equities | 22 September 2017

    Daseke, the flat-bed and speciality trucker headed by Don Daseke, is one of the fastest-growing, yet least recognised, trucking companies in the US. But a US$63.5m follow-on offering, despite its small size, put the company on investor roadmaps.

  • Maxwell Technologies keeps funding at home

    Structured Equity | 22 September 2017

    It has been a challenging year for the Committee on Foreign Investment in the United States (CFIUS), the government agency charged with reviewing foreign ownership of US companies.

  • Oasis Midstream falls short on MLP IPO

    Equities | 22 September 2017

    There was a tepid debut last week for Oasis Petroleum’s midstream affiliate Oasis Midstream Partners.