MERGERS AND ACQUISITIONS
FTI Consulting Inc., an Annapolis provider of consulting and financial advisory services, agreed to buy Competition Policy Associates Inc., an economics consulting firm. Shearman & Sterling LLP advised Competition Policy Associates on the transaction. Total consideration for the transaction was about $70 million.
Carlyle Group's Carlyle/Riverstone energy investment fund, along with Goldman Sachs Capital Partners, put up $500 million to back an oil and natural-gas explorer led by the former president of Unocal. Cobalt International Energy LP of Houston will focus on deep-water projects in the Gulf of Mexico and overseas, Joseph H. Bryant, chief executive of the new company, said in a written statement. Goldman Sachs Capital Partners and the Carlyle/Riverstone Global Energy and Power funds each contributed $250 million.
Create Hope Inc., a Washington provider of software for corporate philanthropy programs, sold $3.8 million worth of preferred stock to two investors, according to a filing with the Securities and Exchange Commission. Most of the money will be used to buy stock from previous investors. Investors include the Enhanced Capital District Fund of Washington, a city-government-supported venture fund.
Visicu Inc., a Baltimore health care information technology company, registered with the SEC to raise $65 million in an initial public offering of stock. The company has several institutional investors, including Michael Bronfein's Sterling Venture Partners of Baltimore, Cardinal Health Partners of New Jersey, the Baltimore nonprofit Abell Foundation, Virginia's Envest Ventures LLC and two California venture funds: Partech U.S. Partners and Pacific Venture Group.
MCG Capital Corp., an Arlington business lender and investment company, raised $42.6 million in a public offering, selling 3 million shares at $14.19 a share. The money will be used for its lending and investment activities. UBS Investment Bank led the offering, with A.G. Edwards & Sons Inc. and SunTrust Robinson Humphrey Capital Markets as co-managers.
Compiled by Terence O'Hara and Bloomberg News.