Financing
TXU shareholders agree to $45 billion buyout
TXU shareholders have approved a merger agreement with Texas Energy Future Holdings Limited Partnership (TEF), which was formed by a group of investors led by private equity firms Kohlberg Kravis Roberts and Texas Pacific Group.
Climate Change Capital closes €200 million private equity fund
Climate Change Capital (CCC), an investment banking group dedicated to clean energy investments, has closed its private equity fund at €200 million.
Sub-prime hits energy
The fallout from the US sub-prime mortgage meltdown is complicating seasonal uncertainties for energy markets. David Watkins reports
Nymex confirms sale talks
Following months of heightened speculation, Nymex Holdings, the parent company of the New York Mercantile Exchange (Nymex) has released a statement confirming it has been in “preliminary” talks to be purchased.
Van Eck goes nuclear at Amex
New York-based asset manager Van Eck Global has launched its Market Vectors Nuclear Energy ETF (exchange-traded fund) on the American Stock Exchange (Amex). It is the first ETF listed in the US that enables investors to gain exposure to companies…
Calyon Financial and Fimat to merge
Investment banks Société Générale and Calyon have agreed to merge the brokerage activities currently carried out by their respective subsidiaries, Fimat and Calyon Financial.
Nymex property sale report stokes merger rumours
Speculation that the New York Mercantile Exchange (Nymex) is undergoing merger negotiations with NYSE Euronext has grown following a report that the exchange is looking to sell its lower Manhattan headquarters.
Evolution expands into global merchant banking
Evolution Markets Financial Services, a subsidiary of environmental market brokerage Evolution Markets, is set to expand its range of activities across global merchant banking within the environmental, energy and clean energy sectors.
Bank of America invests in Climate Exchange
As part of a ten year, $20 billion environmental initiative, Bank of America has established a joint venture with Climate Exchange (CLE) by acquiring 0.5% of CLE’s current issued share capital.
Tentative decisions
Private equity has shied away from investment in energy assets in the past. But as Ian Bagshaw and Charles Jacobs, partners at Linklaters, explain, some players are now starting to show an interest
Edward Morse
Previously a professor, a politician and now chief energy economist at Lehman Brothers, Edward Morse talks to David Watkins about his accidental career in energy
Cbot says yes to CME
Chicago Board of Trade (Cbot) chairman Charles Carey says that shareholders have voted “overwhelmingly” in favour of a merger with the Chicago Mercantile Exchange (CME), paving the way for the creation of the world’s largest derivatives exchange.
CME makes “final” offer for Cbot
The Chicago Mercantile Exchange has boosted its offer for the Chicago Board of Trade for a third time, wooing its biggest shareholder in the process.
Bear Energy launches in Europe
US investment bank Bear Stearns International has launched its European energy business with the appointment of Etienne Amic as head of Bear Energy in Europe. The European venture will offer structured origination and financial products, including…