The proceeds from the sale of gas supplier Alinta EATM could reach A$35m if certain other conditions are met. The Australian Stock Exchange-listed power investor has been selling assets in an effort to pay down debt but it has yet to decide how it will use the sale proceeds.
2 min read · 08 February 2013
The Indian developer is working to restructure its debt pile and also aims to sell stakes in the business and assets to private equity funds.
1 min read · 08 February 2013
The Satyam scandal has brought forgotten corporate governance issues back out into the open in India, which could effect future deal flow, writes Siddharth Poddar.
2 min read · 08 February 2013
BC Partners has admitted that the acquisition in June 2007 of UK estate agent Foxtons was the “wrong call”. The firm gave a press conference yesterday to clear the air after months of speculation about the ill health of their recently acquired asset.
2 min read · 08 February 2013
Ezra Merkin, the chairman of the Cerberus-backed financing company, resigned his position Friday as part of an overall board restructuring required by the US government for the company to become a bank holding company. Merkin is also being sued over links between a separate investment fund he controls and the Bernard Madoff Ponzi scheme.
2 min read · 08 February 2013
Oliver Blechner has resigned amid reported rumours of a personality clash at the top.
1 min read · 08 February 2013
A Germany- and Dubai-listed investment firm has capped off a torrid 2008 with a restructuring agreement that will ‘secure the company’s future’.
2 min read · 08 February 2013
Chairman Jens Reidel has stepped down as part of a planned retirement process, handing co-chairman roles to managing partners Francesco Loredan and Raymond Svider. Next month John Hosgood, Barclays’ former co-head of leveraged finance, will join the firm to lead a push into credit strategies that will be largely focused on purchasing debt in its own deals.
2 min read · 08 February 2013
Daewoo's creditors have opted to restructure the company rather than sell it. It marks the third failed attempt to sell the embattled electronics maker to a private equity group since Ripplewood first tried to buy the company in 2006. A deal with Morgan Stanley's Asian private equity arm fell apart last year.
2 min read · 08 February 2013
The New York-based alternative asset manager is expanding its partnership as it expands its core strategies.
1 min read · 08 February 2013
