Business services specialist Lyceum Capital has sold health and safety company National Britannia Group after two and a half years to asset manager Connaught. Jeremy Hand, managing partner, said there was considerable interest.
2 min read · 12 January 2013
Swedish buyout firm Litorina Kapital, led by Harold Kaiser, has held the final close of its latest fund two times oversubscribed despite losing cornerstone investor Swedbank.
2 min read · 12 January 2013
Trade buyer Towergate has bought IT company Open International from Montagu Private Equity, led by Chris Masterson, indicating trade sales are still viable as an exit route.
1 min read · 12 January 2013
The New York private equity firm has acquired a 50 percent interest in a portfolio of Solo Cup manufacturing facilities throughout the US.
2 min read · 12 January 2013
Conditions in the leveraged loan market mirror those in the subprime market, the IMF said in its semiannual report. The result could be a rise in defaults, widespread volatility and the drying up of dealflow.
2 min read · 12 January 2013
KKR and Goldman Sachs plan to walk away from their previously agreed $8 billion buyout of Harman International Industries, claiming the audio equipment maker has had a material adverse change in its business and breached the agreement. Harman disputes the claims.
2 min read · 12 January 2013
The industry is braced for a slow down as buyouts hit a European high in the first half of 2007. The second half looks more restrained after the banking liquidity crisis of the summer. Continental European deals were among the largest, said Tom Lamb, co-head Barclays Private Equity.
2 min read · 12 January 2013
Cerberus Capital Management will acquire the North American operations of paper products producer Stora Enso for $2.52 billion, in one of the few mega buyouts to be signed since the advent of the credit crunch.
1 min read · 12 January 2013
Several US investment banks this week revealed billions in losses stemming from unsyndicated leveraged loans, while a new study has found Lehman Brothers is significantly more overextended than its peers.
2 min read · 12 January 2013
The US alternative assets group has sold a further 7.5 percent stake in itself to a strategic investor, valuing David Rubenstein's firm at $20 billion. It sold 5.5 percent to CalPERS in 2000.
2 min read · 12 January 2013
