DebtX, the US-based online seller of the €94m package of non-performing loans, says the UK and Spain will be the next countries to see non-performing loans sales. DebtX is also selling a smaller €14m NPL portfolio backed by assets in eastern Germany.
2 min read · 08 February 2013
A report from Pitchbook Data shows that investments by private equity investing has slowed, but investors are out looking for deals, activity that wasn’t happening in the fourth quarter of 2008.
2 min read · 08 February 2013
The US-based cable provider, whose primary bondholders include Apollo and Oaktree Capital Management, has obtained support for a pre-arranged bankruptcy plan intended to reduce its debt load by $8bn.
2 min read · 08 February 2013
The Boston-based firm has purchased a 51% stake in Fifth Third Bancorp’s financial institutions processing business as it continues to build its pay processing platform.
2 min read · 08 February 2013
There is a newfound sense of optimism among private equity real estate pros, even given the major challenges facing the industry.
2 min read · 08 February 2013
The CEO of Allianz Real Estate Olivier Piani said lending in Europe won’t improve significantly until banks deal with their real estate assets. However, the PREA spring conference heard there’s more upside than downside to the current crisis.
2 min read · 08 February 2013
The US government's moves to gain greater regulatory control over large financial instutions would obligate some private equity firms to register with the SEC and supply data including the names of LPs and leverage levels on deals.
3 min read · 08 February 2013
Senior managing director Christine Vanden Beukel has ended a 10-year career leading GSC’s European mezzanine business. Her role is now filled in part by managing director Nick Petrusic, who joined the credit-focused alternative asset manager in 2000.
1 min read · 08 February 2013
The Indian private sector lender has secured a $100m debt facility for infrastructure investment from a former shareholder
1 min read · 08 February 2013
The New York-based private equity firm has taken the unusual step of suing two of its smaller LPs – Chalice Fund and WK CG Investments – for allegedly defaulting on capital contributions to three funds.
2 min read · 08 February 2013
