Subject: RSCI Portfolio Updates and Press Clips 4.11
From: "Marianna Fazylova" <[email-masked]>
To: "RSCI Updates and Press Clips" <[email-masked]>
Date: Wed, 11 Apr 2012 10:56:57 -0400

PORTFOLIO UPDATES AND PRESS CLIPS
ALLOY ENTERTAINMENT<http://www.alloymarketing.com/>

Publishers Weekly 3/29

Alloy and HarperCollins Collaborate on Book Deal <http://www.publishersweekly.com/pw/by-topic/childrens/childrens-book-news/article/51262-alloy-and-harpercollins-collaborate-on-book-deal.html>

The Collaborative, Alloy Entertainment's recently launchedbusiness<http://www.publishersweekly.com/pw/by-topic/childrens/childrens-book-news/article/51262-alloy-and-harpercollins-collaborate-on-book-deal.html> arm, has acquired its first book project. The new venture is teaming up with HarperCollins imprint Balzer + Bray to publish How to Love, a YA novel by debut author Katie Cotugno.

Los Angeles Times 4/4

Bravo announces 11 new series, and plans for 2 scripted series<http://latimesblogs.latimes.com/showtracker/2012/04/bravo-announces-11-new-series-and-plans-for-scripted-series.html>

ENERGY FUTURE HOLDINGS<http://www.energyfutureholdings.com>

WSJ Press Release 4/2

Luminant Plants Over 1.7 Million Trees as Part of 2012 Reforestation Program<http://www.marketwatch.com/story/luminant-plants-over-17-million-trees-as-part-of-2012-reforestation-program-2012-04-02>

Tree planting currently underway at Luminant mine sites across Texas. With recent rainfall providing ideal ground conditions, crews are wrapping up their efforts to plant more than 1.7 million tree seedlings at Luminant mine sites. The annual four-month project is part of Luminant's long-standing commitment to quickly return mined land to productivity.

Bloomberg & Herald 4/2

NUCLEAR: U.S. production falls as reactors shut in 4 states<http://www.tri-cityherald.com/2012/04/02/1889590/nuclear-us-production-falls-as.html>

U.S. nuclear-power production fell 2.1 percent to the lowest level in more than 10 months as four reactors shut in Pennsylvania, Florida, Alabama and Texas....Energy Future Holdings closed the 1,150-megawatt Comanche Peak 2 reactor 66 miles southwest of Dallas. The 1,200- megawatt Comanche Peak 1 is producing at full power. An e-mail and telephone call to Ashley Barrie, a company spokeswoman in Dallas, weren't immediately returned.

WSJ 4/5

Energy Future Holdings Corp. Schedules Conference Call to Discuss First Quarter Results<http://online.wsj.com/article/PR-CO-20120405-908464.html>

DALLAS -- Energy Future Holdings Corp. (EFH) announced today that it has scheduled a conference call to discuss its first quarter 2012 financial and operating results on Tuesday, May 1, 2012. EFH plans to release its financial results in its Quarterly Report on Form 10-Q, which is expected to be filed with the U.S. Securities and Exchange Commission no later than 8:00 a.m. Eastern on May 1, 2012. At 10:00 a.m. Central (11:00 a.m. Eastern) on Tuesday, May 1, 2012, EFH will host a conference call to discuss its first quarter 2012 results with its investors. The conference call will be webcast live at www.energyfutureholdings.com in the Investor Relations section.

WSJ Press Release 4/10
Energy Future Holdings Appoints New General Counsels at EFH and Luminant<http://www.marketwatch.com/story/energy-future-holdings-appoints-new-general-counsels-at-efh-and-luminant-2012-04-10>
Three seasoned women attorneys now lead in-house legal efforts at EFH and its competitive businesses, Luminant and TXU Energy. With the recent promotions of Stacey Doré to senior vice president and general counsel at Energy Future Holdings and Stephanie Zapata Moore to Luminant's vice president and general counsel, EFH has added to the growing number of women serving as top legal officers at Fortune 500 companies and increased the leadership of women in the power industry.

FISKER AUTOMOTIVE<http://www.fiskerautomotive.com/en-us>

WSJ 4/2

Amid Setbacks, Fisker Automotive Closes On $392M In New Financing<http://blogs.wsj.com/venturecapital/2012/04/02/amid-setbacks-fisker-automotive-closes-on-392m-in-new-financing/?mod=google_news_blog>

Fisker Automotive<http://www.fiskerautomotive.com/> closed on $392 million in a current round of financing that the company hopes will reach $500 million, according to a filing with the Securities and Exchange Commission...At first the company was planning to raise $150 million in the round, then doubled that to $300 million as the goal, and has now set its sights on $500 million.

Chicago Tribune 4/3

Fisker CEO revamps business plan amid Karma woes<http://articles.chicagotribune.com/2012-04-03/classified/sns-rt-us-autoshow-newyork-fiskerbre83305a-20120403_1_project-nina-fisker-automotive-henrik-fisker>

Fisker Automotive, a maker of plug-in hybrid sports cars, may build its second model outside of the United States if federal funds<http://articles.chicagotribune.com/2012-04-03/classified/sns-rt-us-autoshow-newyork-fiskerbre83305a-20120403_1_project-nina-fisker-automotive-henrik-fisker> intended to pay for the vehicle's production fall through, the company's chief executive said on Tuesday.

NYT 4/3

Seeking U.S. Loans for Plant, Fisker Scrambles to Restore Credibility<http://www.nytimes.com/2012/04/04/business/fisker-seeks-federal-loans-to-build-nina-in-delaware.html?_r=1>

Fisker Automotive's huge assembly plant in Delaware stands vacant, waiting for the money, equipment and workers to make a new plug-in hybrid electric car<http://topics.nytimes.com/top/reference/timestopics/subjects/e/electric_vehicles/index.html?&inline=nyt-classifier> backed by loans from the federal government....The company's co-founder and chairman, Henrik Fisker, showed the Atlantic, a sportier, smaller model than the Karma that will be priced in the $50,000 range. And although Mr. Fisker alluded to the Karma's "difficult journey" in getting to market, he said the company was committed to building the Atlantic. "We want to make it very clear," he said. "This car will be built and will be going into production."

Bloomberg 4/3

Energy Department Won't Disclose Fisker Loan Milestones<http://www.bloomberg.com/news/2012-04-03/energy-department-won-t-disclose-fisker-loan-milestones.html>

The U.S. Department of Energy won't disclose milestones Fisker Automotive Inc. had to meet for getting $529 million in U.S. electric-vehicle development loans, it said in responding to a Freedom of Information Act request.

CNET 4/4

Fisker Automotive unveils the Atlantic<https://news.google.com/news/url?ct2=us%2F1_0_s_0_1_a&sa=t&usg=AFQjCNHBcb6exelTukvdoGxh5TmwBEe1VQ&cid=8797820470962&url=http%3A%2F%2Fcnettv.cnet.com%2Ffisker-automotive-unveils-atlantic%2F9742-1_53-50122704.html&ei=80yCT8C1A8naggeStQE&rt=SECTION&vm=STANDARD&bvm=section&did=4475667035202682959&sid=top-stories>

WSJ 4/4

Fisker May Build Atlantic Model Overseas<http://blogs.wsj.com/drivers-seat/2012/04/04/fisker-may-build-atlantic-model-overseas/>

Fisker Automotive's new chief executive, Tom LaSorda, said the luxury electric-vehicle company is looking at alternatives to building its second model in a former General Motors Co. GM -1.10%plant in Delaware, raising the possibility of abandoning a plan that had financial backing from the Obama administration.

Investors.com 4/4

Tesla Motors Down After Big Trade; Fisker Shows Sedan<http://news.investors.com/article/606729/201204041459/tesla-motors-stock-down-fisker-automotive-sedan.htm>

Luxury electric car maker Tesla Motors (TSLA<javascript:;>) fell 7.2% at Wednesday's open and stayed down. While troubled rival Fisker Automotive unveiled its sleek new Atlantic sedan prototype and updated business Tuesday night, Wunderlich Securities analyst Theodore O'Neill tells IBD that's "unrelated to" what happened with Tesla shares.

WSJ 4/4

Solyndra Fallout Stalls Energy Loans<http://online.wsj.com/article/SB10001424052702304072004577324162418181128.html>

The issue came into focus Tuesday when the new chief executive of Fisker Automotive Inc. said the company would consider giving up on a hybrid-electric car factory in Delaware and building it overseas if it can't secure its financing.

Detroit Free Press 4/5

Electric car battery start-up A123's shares hit all-time low<http://www.freep.com/article/20120405/BUSINESS06/204050492/Electric-car-battery-start-up-A123-s-shares-hit-all-time-low>

HEALTHSCOPE<http://www.healthscope.com.au/info/general/Home/get/0/0/>

Busienss Speculator 4/4

BREAKFAST DEALS: Hunting Healthscope<http://www.businessspectator.com.au/bs.nsf/Article/Healthscope-Citigroup-rbs-Genworth-JCDecaux-APN-Ne-pd20120404-SZSQL?OpenDocument&src=mp>

Healthscope is looking particularly well this morning - at least in the eyes of deal-hungry international real estate investors. Rumour has it that a handful of property trusts have taken a look at Healthscope's big hospital portfolio, and the company's private equity owners have good reason to sell....There is growing speculation that Healthscope's hospital portfolio could attract a bid worth around $1 billion, amid reports US and Asian real estate investment trusts have come knocking.

MARSICO CAPITAL MANAGEMENT<http://www.marsicofunds.com/>

Trading Desk Analysts: Carras Holmstead 203.719.1425 4/9
Marsico: Strong Mutual Fund Performance, Attractive Current Return
*         Marsico's public mutual funds have performed well in recent periods, which may help turn around net fund outflows that reduced AUM during 2011 and contributed to the declining loan price (low tick near 30c, now around 40c).
*         As chart below reflects, after poor absolute returns in FYE 9/2011, which may have contributed to large redemptions, performance has been strong on an absolute and relative basis for YTD and prior months.

*         With an L+500 coupon, and a 60c gain on quarterly amortization payments of 1.2%, Marsico's TL effectively pays 6.2% cash on a 40c current trading price for a current yield of 15.5%.  We think this is an attractive "equity-like" return for Marsico's "levered equity" exposure, as AUM-driven earnings are exposed to the combined impact of (i) equity market appreciation / depreciation and (ii) net funds inflows / outflows.
*         We think this may be an attractive time to enter as the Marsico TL had very limited liquidity for a lengthy period during the 2011 market downdraft, and some fatigued holders may take advantage of more active trading to lighten up.
*         We recognize that the Marsico TL is a high risk situation given (i) equity market exposure (see above) and (ii) reliance upon Tom Marsico and team to remain committed to the business. We think potential mitigants include (i) flexible structure given previous restructuring, with the 10.625% '20 restructured bond paying contingent cash interest based on a cash flow waterfall, (ii) a strong economic motivation for Marsico to maintain the value of his personal "brand" and (iii) the ability to short equities against the high current yield on the loan. We don't look at Marsico TL as a yield to maturity as we'd think an extension would be more likely than a refinancing in 12/2014.

NORTHERN TIER ENERGY (NTE)<http://www.ntenergy.com/>

CFO 4/5
CFOs on the Move: Week Ending April 6<http://www3.cfo.com/article/2012/4/people_cfos-on-the-move-week-ending-april-6>

Neal Murphy has been elected CFO, secretary, treasurer, and vice president-finance of Met-ProCorp. He replaces Gary Morgan, who has resigned. Previously, Murphy was CFO of Northern Tier Energy.

THE WEATHER CHANNEL COMPANIES <http://press.weather.com/>

WSJ 4/3

Ace Hardware and The Weather Channel(R) Help Homeowners Forecast Their Fix Ups<http://www.marketwatch.com/story/ace-hardware-and-the-weather-channelr-help-homeowners-forecast-their-fix-ups-2012-04-03>

This week, Ace Hardware and The Weather Channel(R) launch "Forecast Fix Up" -- an initiative that pairs Ace's home maintenance expertise with The Weather Channel's trusted local weather knowledge.

PR Web 4/4

WSI Partners with Cell Journalist to Provide New Tool for TruVu Max and WeatherActive Suite

WSI (Weather Services International) today announced that it had integrated Cell Journalist's mobile application into WSI TruVu Max and WSI WeatherActive Mobile suite of applications (for iPad2 iPhone and Android). The Cell Journalist program provides a fast and simple way to share user-generated content (UGC) from mobile devices to station web sites and digital systems.

TEKELEC

PEHUB 4/2

Comvest Take Controlling Stake in Tekelec<http://www.pehub.com/143571/comvest-take-controlling-stake-in-tekelec/http:/www.pehub.com/143571/comvest-take-controlling-stake-in-tekelec/>

Comvest Group, through its Comvest Investment Partners IV fund, announced Monday that it is investing<http://www.pehub.com/143571/comvest-take-controlling-stake-in-tekelec/> $60 million as part of a deal to acquire a controlling interest in mobile broadband company Tekelec. Through a consortium including Siris Capital Group, GSO Capital Partners, Sankaty Advisors, ZelnickMedia and other Siris limited partners andaffiliates<http://www.pehub.com/143571/comvest-take-controlling-stake-in-tekelec/>, the transaction is valued at approximately $780 million.

Voice and Data 4/11

Nitin Arora to join Tekelec India<http://voicendata.ciol.com/content/news1/112041104.asp>

Nitin Arora will be joining Tekelec India as managing director and will oversee India and south Asia operations for Tekelec.

PRIVATE EQUTY

Bloomberg 4/5

Blackstone Said to Buy $800 Million of Dexus's Warehouses<http://www.bloomberg.com/news/2012-04-04/blackstone-said-to-agree-to-purchase-69-u-s-warehouses.html>

Blackstone Group LP (BX) agreed to buy 69 warehouses valued at about $800 million from Australia's Dexus Property Group (DXS), expanding its bet on a U.S. economic recovery, according to a person with knowledge of the deal.

International Herald Tribune 4/8

As Russian Real Estate Money Floods in, Could New York Go the Way of London?<http://rendezvous.blogs.nytimes.com/2012/04/08/as-russian-real-estate-money-floods-in-could-new-york-go-the-way-of-london/>

"Over the past four years, Russians and other citizens of the former Soviet Union have signed contracts to buy more than $1 billion worth of residential real estate in the United States, according to estimates from lawyers and brokers."

Orange County Register 4/9

VC, private equity raise $43 billion<http://www.ocregister.com/articles/capital-348448-funds-venture.html>

During the first quarter, 42 U.S. private equity funds raised $4.9 billion, down 35% from the money raised in the same period of 2011, according to Thomson Reuters and the National Venture Capital Association. The number of funds raising money declined by 9%.

In a separate report from Dow Jones LP Source, 136 private equity funds raised $38.1 billion, a 4% increase in money raised and 5% increase in funds.

FT 4/10
Obama makes case for 'Buffett rule'<http://www.ft.com/intl/cms/s/0/2fcce8a6-82dc-11e1-ab78-00144feab49a.html#axzz1rjY97b3t>
Barack Obama laid out his case for a minimum tax on the wealthiest Americans on Tuesday, doubling down on his bet that fiscal fairness will be a winning platform in this year's presidential election. "The share of our national income going to the top 1 per cent has climbed to levels we haven't seen since the 1920s," Mr Obama said at a campaign-style speech in Boca Raton, Florida. "The folks who are benefiting from this are paying taxes at one of the lowest rates in 50 years."

Boston 4/10
Bain Capital prepares to raise new $8 billion fund<http://www.boston.com/Boston/businessupdates/2012/04/bain-capital-prepares-raise-new-billion-fund/pqnzjzRhlWq9Xze6eJiPJN/index.html>
Bain Capital is preparing to raise a new private equity fund that will be smaller than its last fund, at $7 billion to $8 billion, according to two people briefed on the discussions.

WSJ 4/10
SEC Begins Big Dig Into Money Managers' Data<http://online.wsj.com/article/SB20001424052702304587704577335821710184722.html?KEYWORDS=%22private+equity%22>
The top U.S. securities regulator has started to sift through a trove of new data on the nation's largest hedge funds and other private money managers to help identify firms whose behavior might pose the greatest risks to their investors...About 1,400 new firms, including Moore Capital Management and Tiger Global Management, disclosed new details on their funds, investors and other facts ahead of a March 30 deadline.

WSJ 4/10
European private equity off 50% amid uncertainty<http://www.marketwatch.com/story/european-private-equity-off-50-amid-uncertainty-2012-04-10>
The first quarter saw just 157 deals worth a total EUR8.1 billion, which is a 50% fall in volume and a 49% drop in value over the same period last year. The total deal value is also 32% down on the fourth quarter of last year with the number of deals falling 30%, according to figures compiled by London-based private equity firm Arle Capital Partners together with data provider unquote.

WSJ 4/10
Industrial-Space Showdown. Blackstone, Morgan Stanley Angle for CalWest Properties<http://online.wsj.com/article/SB10001424052702304587704577336011065571688.html>
Two real estate powerhouses are angling for control of a massive industrial portfolio hoping to capitalize on an expected economic recovery.
Blackstone Group for more than two years has been collecting pieces of junior debt on the 23 million square-foot portfolio, known as CalWest, aiming to take over after an anticipated June default.

Bloomberg 4/11
Carlyle Is Said to Seek Value of Up to $8 Billion in IPO<http://www.bloomberg.com/news/2012-04-10/carlyle-said-to-seek-value-of-up-to-8-billion-in-ipo.html>
Carlyle Group, the second-biggest U.S. private-equity firm, will seek a valuation of $7.5 billion to $8 billion in its initial public offering, according to people with knowledge of its plans. Carlyle plans to sell a stake of about 10 percent in the IPO and will start marketing the deal to investors as early as next week, said the people, who asked not to be identified because the information is private. The Washington-based firm, which has been gauging public interest since last year, is targeting its share sale in early May, said another person.

BBR 4/11
Morgan Stanley Global Private Equity buys Access Cash<http://privateequity.banking-business-review.com/news/morgan-stanley-global-private-equity-buys-access-cash-110412>

Morgan Stanley Global Private Equity has acquired Access Cash General Partnership, a Canadian firm that manages the network of automated teller machines (ATMs) in the country.