WL Ross Holdings Corp (WLRH) acquired Nexeo Solutions Holdings LLC, a distributor of chemicals and plastics and provider of environmental services, for approximately $1.67 billion in cash and stock. Texas-based Nexeo is a portfolio company of TPG Capital LP, which will retain 35% ownership.
EMCOR Group Inc (EME), the construction and engineering group based in Cincinnati, paid $205 million to acquire Ardent Services LLC and Rabalais I&E Constructors. Both added firms provide electrical and instrumentation services to the infrastructure market in North America; they are backed by Cadent Energy Partners LLC.
Ardian, a financial services firm founded in 1996, sold its majority stake in Novacap Group, the French provider of cosmetics, chemicals, construction, automotive and environmental services. The new owners are Eurazeo SA (RF:FP) and Mérieux Développement SAS, while Ardian will retain a minority stake.
Terrifying news spread across the European Union ahead of stock market and earnings announcements. The EU capital city in Belgium, Brussels was hit by terror explosions at international airport and a central bus station that found thirty-one people dead.
In stocks at a glance, several publicly-traded firms are posting a fourth-quarter net loss on Tuesday like Identiv Inc (INVE) and Luna Innovations Inc (LUNA).