First Reserve , a global private equity firm focused on energy, said on Monday that it has hired Rob

Earlier this month Buyouts contributor Katie Roof caught up with Kevin Sheehan , CEO of Norwegian enterprise auto rentals sales Cruise Line, just after it priced its IPO on January 17. The company is backed by Apollo Management Group and TPG Capital . Check out the video here.
I think the market just happened to have a sweet spot in it. It's been a five-year journey to reach this point. We thought it was the right time to establish a trading value for our company and things worked out perfect so we're very excited about it.
The business enterprise auto rentals sales has done very well. I feel very good about where we are right now. They've been phenomenal partners, along with Genting Hong Kong that owns 50 percent of the company. What we've been able to do with the private equity ownership is access their other portfolio companies…So we take advantage of a lot of those ownership things and they've been very supportive and allowed us to build the businesses smartly. And they are very excited about where we are. And as you said, they're not selling shares.
Of course, yes. So they have some other assets, even in the cruise industry. So we're able to leverage that knowledge base. And we're able to leverage those investments. Yeah, so a perfect situation for our company to be able to open the door to a lot of different enterprise auto rentals sales things and we've taken full advantage of every one of them…And wherever there's an opportunity we've taken advantage of that whether it's on the entertainment side or even as simple as buying certain things that they have a bigger business in. We've been able to kind of leverage off their discounts as an example.
We're using it to pay down some debt, strengthening our balance sheet. We've gone a long way since I came to the company in 2008 from a leverage standpoint and we're on a journey to do significant things in the future and this is another step along the way.
5. Tell me about your competitive landscape. In the last few years, there's been less discretionary income for consumers to do things like cruises. How are you going to compete and how are you going to attract people?
enterprise auto rentals sales We have a team that's come from outside the industry. I think we're showing our ability to navigate whatever's been thrown at this industry in the last number of years. And as you can imagine enterprise auto rentals sales between the economic thing and oil prices, enterprise auto rentals sales tsunamis and hurricanes, everything has been a challenge to the industry. I think the industry in general has done well. It's a strong industry. It's been able to persevere over the long-term and we within that smaller niche have been able to do a little bit better. So we're excited.
First Reserve , a global private equity firm focused on energy, said on Monday enterprise auto rentals sales that it has hired Robert Hanna as a new asset manager. enterprise auto rentals sales He will be working in the firm s Houston office. Prior to joining First Reserve, [ ]
CIT Group , a provider of financing to small businesses and middle market companies, said on Monday that its U.S. bank subsidiary, CIT Bank , has arranged a $210 million credit facility for The Jordan Compan y. The [ ]
Townsquare Media Group has entered into an agreement to buy three music sites from AOL as well as its ComicsAlliance site. No financial terms were disclosed. The sites are The Boot, the BoomBox and NoiseCreep. [ ]
Canvas , a provider of business mobile apps, said on Monday that it has closed $4 million in Series C funding. The lead investor was Osage Venture Partners . Motorola Solutions Venture Capital , an existing investor, [ ]
Southport Lane , a New York City-based private equity firm, said on Monday that it completed its buy of Louisiana-based Imperial Management Corp. along with its largest subsidiary, Imperial Fire Casualty , in an [ ]