Pierre Foods has obtained $35 million of debtor-in-possession financing from distressed debt specialist Oaktree Capital Management to continue operations during restructuring.
2 min read · 12 January 2013
The UK's Somerfield supermarket chain, acquired for £1.8bn in 2005 by an Apax- and Barclays-led consortium, has been sold on a cash-free, debt-free basis. The sale reportedly resulted in a 2x exit for the syndicate.
1 min read · 12 January 2013
The smaller mid-market shop has again closed a fund that was more than two times oversubscribed, more than doubling the size of its previous fund as well as capital under management.
2 min read · 12 January 2013
The French buyout firm has bought a controlling stake in Altares with a plan to support the business’ growth through acquisitions.
2 min read · 12 January 2013
The News Corp stations will be managed by the senior executives of Local TV, Oak Hill’s year-old television platform.
1 min read · 12 January 2013
As the stock prices of many financial services companies collapse, Warburg Pincus, TPG and Corsair Capital are suffering publicly due to possibly ill-timed investments in MBIA, Washington Mutual and National City, respectively.
3 min read · 12 January 2013
The London-based investment bank with significant property holdings has appointed Ernst & Young to restructure some of its investments.
2 min read · 12 January 2013
Steve & Barry’s, the discount clothes retailer with 276 stores in the US, cites a ‘liquidity shortfall’ after filing for Chapter 11 protection. Boston-based private equity firm TA Associates held a minority stake in the company, which recently signed-up Sex and the City star Sarah Jessica Parker.
2 min read · 12 January 2013
DLJ founder Richard Jenrette is the latest veteran of the investment bank to join the publicly-listed alternative asset manager, re-teaming with former colleague and current Blackstone president Tony James.
1 min read · 12 January 2013
There has been a sharp fall in optimism among small and medium-sized business according to the latest Bowmark Entrepreneurs’ Index, underlining the uncertainty of the next six months.
2 min read · 12 January 2013
