Private equity firm American Capital has agreed to provide $21m to bankrupt New York art gallery Berry-Hill, a loan secured by the gallery’s art inventory and real-estate assets.
1 min read · 12 January 2013
Charterhouse is set to return £500 million to shareholders with a refinancing carried out by Merrill Lynch less than two years after acquiring the over-50s insurance and leisure group.
2 min read · 12 January 2013
Shinhan Financial Group of Korea has narrowly beaten Hana Bank and MBK Partners to a $7 billion acquisition of Korea’s LG Card Co.
1 min read · 12 January 2013
MBK Partners, a North Asia-focused private equity manager, is competing with Goldman Sachs, Carlyle and KKR for Taiwan’s top cable TV operator in a transaction estimated to fetch about $1.4 billion.
2 min read · 12 January 2013
The level of debt being placed on private equity-backed companies through recapitalisations could undermine their credit ratings, says a new report.
2 min read · 12 January 2013
In one of two private equity investments in a professional services firm announced today, the San Francisco-based Hellman & Friedman will take a majority interest of AlixPartners along with the firm’s management.
2 min read · 12 January 2013
Returns are strong, financing options are growing and the first mega-deals are in the bag. But as the sun continues to shine on Australia's private equity market, some practitioners are betraying twinges of doubt about the future. Andy Thomson reports.
9 min read · 12 January 2013
Cerberus Capital Management has emerged to become one of the most active private equity investors in the world. But the firm's high-profile deals, such as GMAC, contrast with an extremely private culture. How long can the firm avoid the spotlight? Dave Keating reports.
7 min read · 12 January 2013
When Miramax founders Bob and Harvey Weinstein launched their new studio, they benefited from increased investor interest in the movie business – as well as their own reputations as hitmakers. By Aaron Lovell.
3 min read · 12 January 2013
Private investment fund managers are flocking to the movie industry because they see it as – get this – a business with manageable risk. Are these GPs wise to the future of filmed entertainment, or have they simply “gone Hollywood”? David Snow reports.
10 min read · 12 January 2013
