Blackstone units began to trade today above their $31 IPO price, climbing back from the $28.75 low it hit last Friday, the stock’s first trading day. The market could change directions again next week as US congressmen begin hearings on private equity.
2 min read · 12 January 2013
The problems in the debt markets have forced the underwriting banks to extend the sale of the £1 billion second lien on the Alliance Boots deal.
1 min read · 12 January 2013
Global equity markets fell yesterday as investors, spooked by the recent jitters in the credit markets, looked to take refuge in less risky stocks.
2 min read · 12 January 2013
Thomas H. Lee-led Lee Equity Partners has agreed to pay $395 million for teen fashion retailer Deb Shops. It is the firm’s second deal since it was founded last year.
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
London-based Duke Street Capital has amassed a 34 percent stake in Oasis Healthcare and increased its bid to £88.2 million, as the battle for the UK’s biggest dental business heats up.
2 min read · 12 January 2013
As investors race to unload their subprime mortgage based assets, distressed investor Sun Capital Partners plans to buy an 80 percent stake in First NLC Financial Services, a subprime mortgage originator.
2 min read · 12 January 2013
The failed syndication of the Alliance Boots and the Chrysler debt has intensified the gloom in the debt markets.
2 min read · 12 January 2013
The Carlyle Group has finally completed the troubled flotation of a credit vehicle on Amsterdam’s Euronext exchange, raising $300 million.
1 min read · 12 January 2013
A JPMorgan-led group of banks has reportedly been left holding the bag for $10 billion in loans relating to the Chrysler deal, while buyer Cerberus and seller Daimler will shoulder another $2 billion. Earlier today, underwriters of KKR’s Alliance Boots deal also postponed debt syndication.
2 min read · 12 January 2013
