the-acquisition

The Commercial Real Estate Bubble Burst will dwarf the Real Estate …

by Liz Ryan on June 4, 2011

Kennedy Wilson Acquires Bank of Ireland Real Estate Investment …

by Jim Randel on June 4, 2011

eBay Makes A $2.4 Billion Bid

March 28, 2011

SAN JOSE, Calif. — EBay Inc. has agreed to buy GSI Commerce, a digital marketing and e-commerce company, for $2.4 billion. Ebay, which runs its flagship online auction site along with PayPal, its online payments business, said Monday the acquisition will bolster its capacity to connect buyers and sellers around the world. The online marketplace operator has agreed to pay $29.25 per share, a 51 percent premium to GSI’s closing stock price on Friday. GSI shares surged 50 percent, or 9.73, to $29.11 in morning trading. EBay has been working on improving its eBay.com website by doing things such as revamping its home page, cutting upfront listing fees it charges sellers and bolstering its search engine. CEO John Donahoe said in a statement that the GSI deal will enhance the company’s position as “the leading strategic global commerce partner of choice for retailers and brands of all sizes.” As part of the deal, eBay plans to sell GSI’s licensed sports merchandise business and 70 percent of shopping sites RueLaLa.com and ShopRunner.com. EBay hopes to complete the deal in the third quarter. It says its 2011 net income per share will be 30 cents to 34 cents lower than its earlier outlook. In January, it had forecast earnings of $1.56 to $1.61 per share. Its adjusted earnings won’t be affected. The company had forecast adjusted earnings of $1.90 to $1.95 per share in January. The company expects the acquisition of GSI to add to its earnings per share in 2012. Shares of eBay, which is based in San Jose, Calif., fell 73 cents, or 2.3 percent, to $30.97 in late morning trading.

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American Assets Trust Pays $129M for First & Main Bldg

March 21, 2011

American Assets Trust, Inc. (NYSE: ATT) has completed the acquisition of First & Main, a newly constructed, 364,735-square-foot, 16-story, LEED Platinum certified office building located in downtown Portland, Oregon at 100 SW Main Street. The purchase price was approximately $129.4 million, or almost $355 per square foot, which was paid for with the proceeds from the company’s initial public offering. This property commanded the highest price…

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Facebook Buys Twitter-Like Messaging Service

March 2, 2011

Facebook added yet another small group of talented developers and product managers to its stable today with the acquisition of Beluga. With Facebook’s focus this year on bolstering its mobile platform and offering a Messages product that seamlessly ties the web and mobile together, Beluga is a nice fit with the company’s overall direction.

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Walter Energy to Name Western Coal CEO Calder as Its Chief Executive Officer; Western Coal Nominates Three to Serve on Walter Energy Board Of Directors

March 1, 2011

TAMPA, FL–(Marketwire – March 1, 2011) – Walter Energy ( NYSE : WLT ), a leading U.S. producer and exporter of premium hard coking coal for the global steel industry, announced today that it would name Western Coal’s ( TSX : WTN ) ( TSX : WTN.WT ) ( AIM : WTN ) Chief Executive Officer Keith Calder, 49, chief executive officer of Walter Energy, effective upon the closing of the acquisition of Western Coal by Walter Energy, which is expected to be completed April 1, 2011. Calder would succeed Walter Energy Interim CEO Joe Leonard. Leonard will continue as interim CEO through the closing and will continue to serve as a member of the Walter Energy Board of Directors.

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China Delays NSN Motorola Deal

January 1, 2011

The antitrust arm of Chinas Ministry of Commerce has delayed the acquisition of Motorolas network equipment business by Nokia Siemens Networks

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Douglas Emmett Acquires Westside Office Tower for $111M

November 3, 2010

Santa Monica-based Douglas Emmett, Inc. (NYSE: DEI) has closed the acquisition of Wilshire Bundy Plaza, a 310,000-square-foot office building in the Brentwood submarket of Los Angeles, from Namco Capital Group Inc. for $111 million, or $358 per square…

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LaSalle Acquires Three Hotels for $292.5M

September 2, 2010

LaSalle Hotel Properties has completed the acquisition of two hotels in Philadelphia and one in San Francisco, while selling off an asset in New Jersey. The Bethesda, MD-based hospitality REIT acquired the 294-room Westin Philadelphia and the 288-room…

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Paxton Energy Appoints Stephen Spading as CFO

September 1, 2010

SAN FRANCISCO, CA–(Marketwire – September 1, 2010) –  Paxton Energy, Inc. ( OTCBB : PXTED ), an energy turnaround company engaged in the acquisition, exploration, development and drilling of oil and natural gas properties, takes this opportunity to announce that the company has appointed Mr. Stephen Spading as its Chief Financial Officer. Mr. Spading immediately assumes full financial control of the company, managing the company’s operating assets, and implementing accounting and IT systems and controls.

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BMG Nears Cherry Lane Takeover

March 27, 2010

BMG Rights Management is close to the acquisition of Cherry Lane Music Publishing

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Tips, Tricks, & Strategies for Helping Clients Acquire Distressed Real Estate Assets in 2010

March 26, 2010

ExecSense, Minutes: 60 In , ExecSense examines the most successful legal techniques surrounding the acquisition of distressed real estate assets, from helping your clients evaluate the opportunity, to structuring the acquisition and negotiating the deal,

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Altisource Announces Acquisition of The Mortgage Partnership of America, L.L.C.

February 12, 2010

LUXEMBOURG, Feb. 12, 2010 (GLOBE NEWSWIRE) — Altisource Portfolio Solutions (Nasdaq:ASPS) announced today the acquisition of The Mortgage Partnership of America, L.L.C. (MPA). MPA serves as the manager of the Lenders One Mortgage Cooperative (Lenders One), a national alliance of mortgage bankers established in 2000 that consists of more than 155 members that originated more than $75 billion in mortgage loans during 2009.

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Celsius Continues to Strengthen Management Team With Addition of Former Rexall Sundown CFO

January 20, 2010

DELRAY BEACH, FL–(Marketwire – January 20, 2010) – Celsius Holdings, Inc. ( OTCBB : CSUHD ) announced Geary Cotton joined the company as its Chief Financial Officer. Mr. Cotton initially started working with Celsius’ largest shareholder, Carl DeSantis at Rexall Sundown as its CFO in 1986 when its annual revenues were $12 million. He helped take the company public in 1993 where it became a Nasdaq 100 company. Following substantial growth to over $600 million annually, Mr. Cotton helped orchestrate the eventual acquisition of the company by Royal Numico for $1.8 billion. After the acquisition by Royal, Mr. Cotton was the CFO of its $3 billion Nutricia International division, which included GNC and Rexall Sundown. Since 2001, Mr. Cotton has served on various boards of both public and private companies including the board of directors of Celsius since 2008. He is a retired CPA. The Comp

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American Spectrum Acquires Evergreen Realty’s Management Contracts, Assets

January 19, 2010

American Spectrum Realty Inc., a real estate investment and management company, based in Houston, closed on the acquisition of the property management and asset management contracts held by Evergreen Realty Group LLC and affiliates, and Evergreen’s interest…

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‘Secondary Deals’ To Gain Momentum In PE Industry?

November 28, 2009

In a deal which underlines our view that private equity will reinvent itself in 2010, the acquisition of Birds Eye Food by Pinnacle Foods, for US$1.3bn, is an example of a ‘secondary deal’ between two private equity fund-owned

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Counsel Corporation Announces 2009 Third Quarter Results

November 13, 2009

Global Technologies Inc. (‘C2′) and 25% by its Co-CEO’s. It specializes in the acquisition and disposition of distressed and surplus assets throughout the United States and Canada, including industrial machinery and equipment, real estate, inventories,

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Post Investment Group Expands Distressed Multi-Family Platform With the Acquisition of Two Properties Totaling 738 Apartment Units

November 9, 2009

HOUSTON, Nov. 9 /PRNewswire/ — Post Investment Group, LLC, a Los Angeles based opportunistic real estate investment firm recently announced the acquisition of two distressed multi-family projects: the 438 unit Serrano Apartments in Houston, Texas and

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Blackstone Buying Busch’s Entertainment Parks

October 14, 2009

Gardens parks in Tampa and Williamsburg and other family entertainment attractions in Orlando, Tampa, Williamsburg and Langhorne, PA. Debt financing for the acquisition will be comprised of senior secured credit facilities and mezzanine debt. The senior

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Situs launches loan servicing business in Germany

September 21, 2009

Global commercial real estate advisory firm the Situs Companies has boosted its European business with the acquisition of GSSG, a German loan servicing company. The German firm is now part of Situs Global

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Health Systems International Expands Technology Infrastructure and Technology Applications Through Acquisition of @Global

August 10, 2009

INDIANAPOLIS, IN–(Marketwire – August 10, 2009) – Health Systems International, a leading provider of outsourced medical cost management solutions to payors and healthcare provider networks around the world, today announced the acquisition of @Global. @Global has developed and supported best-in-class software solutions for workers’ compensation, casualty insurance, claims administration, and medical cost management environments since 1996. Russell W. Sherlock, CEO of HSI, said, “@Global makes an exceptional fit for HSI by not only enhancing the infrastructure of all HSI solutions but also providing additional software applications for clients to help them control medical cost.”

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Health Systems International Expands Technology Infrastructure and Technology Applications Through Acquisition of @Global

August 10, 2009

INDIANAPOLIS, IN–(Marketwire – August 10, 2009) – Health Systems International, a leading provider of outsourced medical cost management solutions to payors and healthcare provider networks around the world, today announced the acquisition of @Global. @Global has developed and supported best-in-class software solutions for workers’ compensation, casualty insurance, claims administration, and medical cost management environments since 1996. Russell W. Sherlock, CEO of HSI, said, “@Global makes an exceptional fit for HSI by not only enhancing the infrastructure of all HSI solutions but also providing additional software applications for clients to help them control medical cost.”

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SunSi Energies Inc. Appoints Yifeng Song as Director of Business Development

July 23, 2009

NEW YORK, NY–(Marketwire – July 23, 2009) – SunSi Energies Inc. ( OTCBB : SSIE ) announced today that Mr. Yifeng Song has joined the SunSi Energies team as Director of Business Development. Conveniently working in both China and North America, Mr.

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CoStar Group Acquires Property and Portfolio Research, Inc., Leading Provider of Global Real Estate Analysis and Market Forecasting

July 20, 2009

– CoStar Group, Inc. (Nasdaq:CSGP), the number one provider of information and marketing services to the commercial real estate industry, today announced the acquisition of Property and Portfolio Research, Inc. (PPR), a leading, independent provider of

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