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
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
Duke Street Capital’s sixth fund has broken the €1 billion mark, providing some welcome news to the buyout firm after a summer where it has had to endure some negative coverage.
2 min read · 12 January 2013
A senior leveraged buyout banker has warned cov-lite deals will cease to exist as lenders will refuse to accept loans on terms offered by buyout firms. Mid-market firms are seeing deals fall through as creditors push the price of debt back up.
2 min read · 12 January 2013
In Denmark, a law has been passed to remove the favourable tax status enjoyed by leveraged loans.
5 min read · 12 January 2013
Separate reports from two leading authorities on the private equity market have thrown a positive light on the recent upheavals in the debt markets.
4 min read · 12 January 2013
Los Angeles-based US Renewables Group has held a final close on its second fund, which will target renewable energy opportunities. It is nearly five times the size of its predecessor.
2 min read · 12 January 2013
The alternative assets manager is capitalising on the booming wealth of the Gulf region with a spate of new buyout, mezzanine and growth capital funds and an almost 50 percent increase in client assets.
2 min read · 12 January 2013
Ratings agency Moody’s is worried about the levels of debt being issued to private equity. It has highlighted refinancing as a concern claiming firms used this as a way to pass risk on to lenders, despite stated intentions to de-leverage.
2 min read · 12 January 2013
The record debt package financing Kohlberg Kravis Roberts’s landmark £11 billion acquisition of Alliance Boots is proving attractive to debt investors. The buyout firm began its roadshow yesterday.
2 min read · 12 January 2013
