A new tax change in France could change the debt-equity balance in the wake of difficulties caused by large LBOs.
3 min read · 08 February 2013
Mega-firms with dry powder are breaking the LBO mould to get deals done, writes Toby Mitchenall.
4 min read · 08 February 2013
The distressed debt specialist has plans to buy various Nortel assets out of bankruptcy and run them as a reorganised company. A separate Nortel division is currently being pursued by Avaya, which is owned by Silver Lake and TPG.
2 min read · 08 February 2013
The former chief executive of Chrysler and Home Depot will join Cerberus Operating and Advisory Company, which is made up of operating professionals that help source deals and monitor portfolio companies.
2 min read · 08 February 2013
The troubled mid-market lender CIT Group has received a $3bn rescue package from a group of its bondholders that will prevent it from collapse, at least for the short term.
2 min read · 08 February 2013
Due to its proliferation of leveraged buyout activity during the credit boom era, the UK is home to more distressed assets than any other European country, according to Close Brothers Corporate Finance.
2 min read · 08 February 2013
The Silver Lake- and TPG-backed telecom company has entered a 'stalking horse' bid for a business unit of bankrupt Nortel Networks. MatlinPatterson is reportedly looking for strategic partners for a rescue plan for the company.
1 min read · 08 February 2013
TowerBrook has its sights on forcing the bankruptcy of a floundering portfolio company, Wilton Holdings, in which GTCR and co-investor Martha Stewart have some $200m in equity.
2 min read · 08 February 2013
The construction and infrastructure development company has achieved financial close on the Carlisle Northern Development Route PPP in the north of England. Balfour Beatty is set to invest £11 million of equity in the project.
1 min read · 08 February 2013
The province is implementing a number of temporary credit measures to make it easier to reach financial close for projects, many of which have faced difficulties due to tight credit markets.
3 min read · 08 February 2013
