As Canada’s venture capital investments suffered a 12 percent year-over decline in the second quarter, private equity deals surged to a record C$55.6 billion, well outperforming last year’s total deal volume of C$11.6 billion.
2 min read · 12 January 2013
Cerberus portfolio company Aegis Mortgage has filed for bankruptcy – it owes the private equity firm $178 million.
2 min read · 12 January 2013
French bank Société Générale, having failed to syndicate a £330 million loan backing Simon Halabi’s acquisition of Esporta from Duke Street Capital, has pulled the plug on the property tycoon’s deal vehicles – although the gyms continue to trade profitably, administrators say.
1 min read · 12 January 2013
The US presidential candidate still has major stakes in Bain Capital funds, although these have been placed in a blind trust, according to recent campaign disclosures.
2 min read · 12 January 2013
Asia’s private equity report card for the first half of this year is out: fundraising has surpassed last year’s record levels but transaction value has fallen compared to the first six months of 2006.
2 min read · 12 January 2013
Franklin Templeton Investments’ buyout arm has launched the largest mezzanine fund in central and eastern Europe.
2 min read · 12 January 2013
The Dallas-based private equity firm is being sued by Accredited Home Lenders after it said Friday it may back away from its previously agreed $400 million buyout of the subprime mortgage company. Lone Star has extended the tender deadline.
2 min read · 12 January 2013
Swiss asset manager Partners Group believes that mezzanine funds may benefit from the recent jitters in the credit markets.
2 min read · 12 January 2013
US regional airline Midwest has turned down discount airline AirTran’s buyout offer in favour of a higher, $400m bid by TPG Capital and Northwest Airlines. A formal agreement is expected in days.
3 min read · 12 January 2013
Tony James, the US company’s president and chief operating officer, outlined its strategy to capitalise on tougher debt markets, including smaller deals and distressed debt investing, and warned that the credit environment may have a short-term negative impact on fees.
3 min read · 12 January 2013
