Limited partners and their advisors have conflicting views on the $21.7 billion Blackstone fund closed this week, disagreeing on whether its record-setting size means more problems or advantages for LPs.
2 min read · 12 January 2013
American Capital has hired Joel Houck to develop a new closed-end fund, drawing on his experience in specialty finance and commercial banking.
1 min read · 12 January 2013
The Brazilian private equity firm’s $1 billion acquisition of Pride International’s Latin American Land Drilling and E&P Services businesses is the firm’s first pan-Latin American investment. It is also the first time it has used leverage, and the firm’s – as well as the region’s – largest private equity deal to date.
2 min read · 12 January 2013
The European Central Bank has attempted to further calm the markets with a greater loan issuance today and it has been followed by the US Federal Reserve.
2 min read · 12 January 2013
Apax Partners has reportedly been forced to postpone its bid for UK media business Emap while it struggles to find a bank prepared to underwrite the bid.
1 min read · 12 January 2013
Alchemy Partners is backing an £80 million buyout bid for UK-listed recruitment group Imprint. The company’s shares jumped 20 percent on the news.
2 min read · 12 January 2013
Despite the ongoing problems in the debt markets, Inflexion Private Equity has successfully refinanced the senior debt of the UK-based Ilchester Cheese Company at 2.5 times EBITDA.
1 min read · 12 January 2013
NIBC, the Dutch bank backed by US private equity firm JC Flowers, has suffered €137 million of losses on US asset-backed securities. Earlier this year it abandoned plans for an initial public offering.
1 min read · 12 January 2013
The thinning of spreads on the European market for credit default swaps, the iTraxx crossover index, points to increased optimism in the debt markets.
2 min read · 12 January 2013
As the credit market continues to tighten, Home Depot is working with Bain, Carlyle and Clayton Dubilier & Rice to renegotiate the agreed $10.3 billion sale of its HD Supply Division.
2 min read · 12 January 2013
