Buyouts in China are still elusive, but Hony Capital has amassed a portfolio of 25 control investments already. Chinese institutions and international blue-chip limited partners make up an illustrious funding base. Philip Borel asks founder John Zhao how he did it all.
6 min read · 08 February 2013
Contestant: Susan Mangiero, Managing member, Business Valuation Analytics Member, National Association of Certified Valuation Analysts Not being too familiar with derivative instrument pricing and default risk analysis, a company hires an expert to investigate whether the swaps reflect a hedge versus a market bet and to further assess how the company should adjust the valuation of its equity stake. What does the expert need to look at and how should she arrive at an appropriate conclusion?
3 min read · 08 February 2013
In the second in a two-part series on debt buybacks, Steven Bortnick, Bradley Boericke and Timothy Leska explore the tax implications of structuring a debt purchase. In our January issue, they examined the legal implications.
8 min read · 08 February 2013
News on professional service providers to the private equity market.
7 min read · 08 February 2013
Vilified by the press over a high-profile deal gone wrong, BC Partners met its critics head on at a rare press conference.
2 min read · 08 February 2013
Commentary on the month's hottest private equity stories by Amanda Janis, editor of PrivateEquityOnline
2 min read · 08 February 2013
If financial engineering is dead, then the strategy deployed by Clayton, Dubilier & Rice is the new beating heart of private equity. The firm has for years best been known for its high-profile stable of operating partners including former General Electric chief executive Jack Welch. Kevin Conway is gatekeeper for all the firm's investments as chair of the firm's screening committee. PEI spoke to him
3 min read · 08 February 2013
The total value of private equity activity in Italy soared in the first half of 2008, but by the end of the year deal-doing was largely off the agenda. Reporting from Milan, Andy Thomson asks what happens next
5 min read · 08 February 2013
Three recent surveys reveal that investors in private equity funds are hindered by practicalities and frustrated by GP attitudes but excited by long-term performance. Andy Thomson reprts
3 min read · 08 February 2013
What lies in store for the 2009 fundraising market? PEI assesses the mood of limited partners around the world and finds out which LPs have risen to the top of the popularity stakes. By Matt Levin
10 min read · 08 February 2013
