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A rising force in global private equity and financial services, Dinu Patriciu is Chairman and CEO of The Rompetrol Group, NV (TRG), a multinational petroleum company headquartered in theNetherlands, operating in 13 countries, and with the majority of its assets and income located in Romania, France and South Eastern Europe. Patriciu led an investor buyout of Rompetrol SA in 1998, served on the Supervisory Board of the company since its establishment, and took over as the full time CEO in 2001. Formerly, Patriciu acted as Chairman of the Investment Committee of the Romania and Moldova Direct Fund, LP, an American-managed private equity investment fund established in 1998 whose investors include theInternational Finance Corporation and the German Government-owned DEG. [2]
Patriciu led Rompetrol from a state-owned Romanian oil services company into one of the top 25 oil operators in the European Union, principally through a program of strategic acquisitions and organic growth. This program started with the purchase of the Vega refinery (1999), continued with Petros SA (2000) and the purchase of a majority stake in Petromidia SA (2001), owner of the most modern refinery and petrochemical complex in Romania. Subsequently, TRG embarked on an international expansion program in the Balkan region, inMoldova, Georgia and Ukraine, as well as acquiring Dyneff Group SA of France, [3] the largest independent distributor of oil products in France, at the end of 2005. This latest acquisition, along with the development of its Swiss-based trading arm, Vector Energy, transformed TRG into a bridge between Eastern European natural resources and Western European energy demand.
Patriciu owns the Romanian daily Adevărul.[4] As of August 2008, he was also in the process of buying the Ukrainian tabloid Blik fromRingier.[5]
Dinu Patriciu is also the founder and chairman of the Dinu Patriciu Foundation, a non-governmental organisation which aims at offering financial support to talented young people who are not in the position to further sustain their studies.
Burkle's investments and transactions include:
Sir Richard's Five Secrets of Business Success.
Tom Gores founded Platinum Equity in 1995 with the intent to acquire, transition, and create significant value in non-core or underperforming divisions of Fortune 1000 corporations.
Since the Company’s founding, Platinum Equity has been recognized as one of the largest and fastest growing private companies in America, most recently ranking #27 on Forbes’ Largest Private Companies list for 2009 and #1 on the 2009 Los Angeles Business Journal list of LA's Largest Private Companies.
Through Platinum Equity, Tom Gores owns a portfolio of operating companies in a broad range of business markets including industrial, logistics and distribution, manufacturing, media, real estate, telecommunications, technology, and business services. Gores make his investments through a diversified capital base that includes the assets of Platinum Equity's portfolio companies as well as private equity funds backed by capital commitments from public and private institutional investors.
Tom Gores has driven the rapid growth of Platinum Equity to a multi-billion-dollar revenue base in just over 14 years. Today, Platinum has acquired $27.5 billion in annual revenue, and over 100 companies in a wide variety of industries.
How Alimentation Couche-Tard's bid for Casey's General Stores has progressed over the past five months.
— March 9: Alimentation Couche-Tard approaches Casey's with US$36 per share cash offer.
— April 9: Couche-Tard goes public with bid and earns US$10 million profit after selling nearly two million Casey's shares for US$38.43.
— June 8: Casey's board rejects offer for the second time.
— July 22: Couche-Tard increases offer to US$36.75.
— July 28: Casey's board rejects new offer, announces US$500 million recapitalization plan that will ultimately purchase 26 per cent of shares for US$38 per share.
— Sept. 1: Couche-Tard increases offer to US$38.50.
— Sept. 2: 7-Eleven approaches Casey's with preliminary US$40 cash offer.
— Sept. 7: Casey's board rejects Couche-Tard's revised offer and authorizes talks with 7-Eleven.
— Sept. 23: Casey's holds annual general meeting; elects new board.
— Sept. 30: Couche-Tard offer set to expire.
The deal is still in progress and is getting hotter with 7-Eleven jumping in. "Casey's with its strong franchise and thick carpet coverage of Midwest will be someone's prized possession. I see Couche-Tard and 7-Eleven fighting harder, and possibly third parties joining in. I think there are at least two or three other groups that could be a great fit with Casey's, The Pantry Corp. being one of them and their bankers must be sleeping if The Pantry is not in the game yet".said Armen Grigorian of Defoe Partners.
