The UK buyout house has booked a €1.3bn impairment – half the value of the equity investment – on the 2007 deal. It will also return €80m of carry to investors, because according to chief executive Guy Hands, 'our investors have suffered and therefore our rewards should suffer'.
2 min read · 08 February 2013
An otherwise flagging 2008 fundraising market was invigorated by high demand for Asian funds, according to proprietary data from PERE. PERE Magazine March 2009 issue
5 min read · 08 February 2013
As investor sentiment continues to wane, GPs including Singapore's Pacific Star attempt to entice them with alternative high return investment vehicles. PERE Magazine March 2009 issue.
2 min read · 08 February 2013
More than 10,000 votes were cast for the third annual PERE Awards and here – over the next dozen pages – we present the winners and runners-up of the global awards. By Robin Marriott, Jonathan Brasse and Zoe Hughes. PERE March 2009
10 min read · 08 February 2013
Benson Elliot has raised €510m for its second vehicle. Marc Mogull explains why peaks in stock exchanges globally at the start of 2008 suggested it was time to go back to investors. PERE Magazine March 2009 issue.
2 min read · 08 February 2013
For MENA-based private equity funds, fundraising is no picnic, writes Jenny Blinch.
3 min read · 08 February 2013
ING PEAL has been drawing on an A$20m credit facility to fund capital calls and will try to reduce some A$49m in undrawn commitments via secondary sales. It has also ceased paying dividends and making new investments.
2 min read · 08 February 2013
The Munich-based firm founded by former 3i executives has raised €96m to date for its debut fund.
2 min read · 08 February 2013
London-based Geni Capital and Dubai's AREIT Management say the closed ended opportunity fund aims to launch with at least $100 million, with a cornerstone investor already having been lined up.
2 min read · 08 February 2013
Valuation difficulties have prompted the Texas-based mega-firm to cease talks that began more than a year ago with the Kuwait Investment Authority and two California pensions over the potential sale of a single digit stake in its management company.
3 min read · 08 February 2013
