A larger buyout market has shown signs of gathering momentum in Spain over the last few years. To what extent has it been derailed by the credit crunch? Toby Lewis explores.
4 min read · 12 January 2013
European mid-market firms Palamon and Electra Private Equity as well as Morgan Stanley’s alternative investment arm have bought two high-risk credit cards from HSBC at a discount.
2 min read · 12 January 2013
Cerberus’ proposed $62 per share buyout of Affiliated Computer Services is the latest LBO to fall apart.
2 min read · 12 January 2013
There has been almost no movement in the European leveraged loan backlog since mid-August. Despite ongoing fundraising by alternative asset managers and banks for hung debt vehicles liquidity has yet to return to the debt markets.
2 min read · 12 January 2013
HBoS, the UK bank, has restructured its acquisition finance and structured finance teams into one leveraged finance unit as it looks to expand its European operations.
2 min read · 12 January 2013
Pension funds anticipate private equity returns over the next three years to be 38 percent lower than managers’ expectations. However, pension funds’ desire to invest in the asset class remains high.
2 min read · 12 January 2013
Lehman Brothers is following the example of Golman Sachs, KKR and others in launching a fund that will pick up deal-related debt at a discount.
2 min read · 12 January 2013
In a recent interview with sister magazine Private Equity International, Oaktree chairman Howard Marks discussed his firm’s rapid expansion and expertise in profiting from troubled times.
3 min read · 12 January 2013
A $3.5 billion distressed-for-control fund was recently closed by MHR Fund Management, the New York firm led by Carl Icahn’s former chief investment advisor Mark Rachesky. It is more than three times the size of the firm’s 2002 fund.
1 min read · 12 January 2013
Isis Equity Partners, the UK mid-market buyout firm, has sold secure messaging company Boldon James to trade buyer Qinetiq, after securing contracts for the company with the UK Ministry of Defence and the UK Cabinet office.
2 min read · 12 January 2013
