The publicly listed private equity firm, battered by the public markets, has increased the stake the Chinese sovereign wealth fund can own in the firm from 9.99 percent to 12.5 percent.
2 min read · 12 January 2013
The US firm has reportedly made its second bid in two years for the electronics maker, two months after Morgan Stanley's deal for the home appliance maker fell apart.
1 min read · 12 January 2013
The bankrupt retailer will be sold for about $476m to a liquidation group including Gordon Brothers Retail Partners, Hilco Merchant Resources and Hudson Capital. Apollo, which spent $201m for its stake in the company, has said the loss will have minimal impact.
2 min read · 12 January 2013
The buyout giant estimates that the value of its private equity investments, $31.8bn as of 30 June, will continue to decline in the third quarter, according to a regulatory filing. It previously recorded a $1.2bn loss on its investments for the first half of 2008.
1 min read · 12 January 2013
The Boston-based private equity real estate arm of Fidelity Investments, run by Michael Elizondo, is seeking investor approval to spin out on its own.
1 min read · 12 January 2013
$1tr in leveraged loans has been affected by the collapse in investment banking, which has left the sector with far fewer sources of lending than before.
2 min read · 12 January 2013
Catterton Partners-owned cookie maker Archway & Mother’s is the latest private equity-backed company to file for bankruptcy. Standard & Poor’s estimates that ‘a disproportionate number’ of speculative-grade defaults in the next two years will be private equity-backed companies.
2 min read · 12 January 2013
African fundraising soared to unprecedented heights in the first six months of 2008, but the second half of the year may not be as rosy, writes Matt Levin.
2 min read · 12 January 2013
African fundraising soared to unprecedented heights in the first six months of 2008, but the second half of the year may not be as rosy, writes Matt Levin.
2 min read · 12 January 2013
Oak Hill Capital Partners bought US drug store chain Duane Reade in 2004 for $750m, a price allegedly based on inflated earnings numbers.
1 min read · 12 January 2013
