Filed under: Raising money, Investments

There is some interesting financing news this morning, even if the financing is not one of large proportions in private equity, venture capital, or in sovereign-type investments.

An OTC-BB listed stock called ZAP! (OTCBB: ZAAP), a US-based electric vehicle pure play, saw the completion of a financing pact this morning from Dubai-based The Al Yousuf Group. The total financing was a convertible debt placement in the amount of $475,000.00, but this is after the Al Yousuf Group purchased $5 million in ZAP! shares back in November.

The Al Yousuf Group is a manufacturing and distribution company in the U.A.E.

Read the full story at 247WallSt.com.

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Filed under: Raising money, Apollo Management, Private equity industry, Public or private?

Metals USA Holdings Corp. filed to come public this morning via an initial public offering. The company is taking the proposed ticker of “MUX” on NYSE. For filing purposes, it intends to sell up to $200 million in common stock.

The company is one of the largest metal service center businesses in the United Says, and is a leading provider of value-added processed carbon steel, stainless steel, aluminum, red metals and manufactured metal components.

This is a private equity held company, and investment funds affiliated with Apollo Management, L.P. are the principal stockholders. Some proceeds will go to the company and some to shareholders, although those percentages haven’t been set. It also looks like the company will repurchase some or all of $300 million of senior floating rate notes with the proceeds.

Read the full story from 247WallSt.com.

Jon Ogg produces and edits the “10 Stocks Under $10″ newsletter and he does not own securities in the companies he covers.

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