The European affiliate of buyout and mezzanine firm American Capital Strategies has increased its revolving credit facility to €900m, giving the company approximately €1.65bn in firepower.
1 min read · 12 January 2013
Harry Clark, a veteran lobbyist and communications counselor to industry and government officials, is helping America’s biggest buyout firms establish an advocacy group for the private equity industry.
2 min read · 12 January 2013
A multitude of government institutions and formally established family offices make the Gulf Region a rich source of capital for the world's leading GPs. The most significant local player is ADIA, the giant investment authority in Abu Dhabi.
5 min read · 12 January 2013
Ian Cash, a former member of the proprietary trading division at Citigroup and co-founder of the global special situations group at Mizuho International, joined London-based private equity firm Alchemy Partners in May this year to head up the firm's new £250 million distressed debt vehicle, Alchemy Special Opportunities Fund. He explains the fund's focus and ponders the future of distressed debt in Europe.
3 min read · 12 January 2013
Taking full advantage of ultra-liquid debt markets, buyout funds are handing big sums of cash back to investors. As holding periods shorten, are limited partners in danger of getting too comfortable with private equity's new short-termism, asks Philip Borel.
7 min read · 12 January 2013
The sale of Misys is taking longer than some investors would like.
4 min read · 12 January 2013
Electra Private Equity, the recently renamed UK investment trust, is hoping to gorge on new deals after seven years of profitable abstinence.
6 min read · 12 January 2013
As Tower Records chain files for bankruptcy protection, the music business continues to change. By Aaron Lovell.
3 min read · 12 January 2013
Private equity firm American Capital has agreed to provide $21m to bankrupt New York art gallery Berry-Hill, a loan secured by the gallery’s art inventory and real-estate assets.
1 min read · 12 January 2013
As institutional investors expand their definition of real estate to include infrastructure and other alternatives, wind farms are drawing their attention. And their dollars.
2 min read · 12 January 2013
