Charterhouse is set to return £500 million to shareholders with a refinancing carried out by Merrill Lynch less than two years after acquiring the over-50s insurance and leisure group.
2 min read · 12 January 2013
Shinhan Financial Group of Korea has narrowly beaten Hana Bank and MBK Partners to a $7 billion acquisition of Korea’s LG Card Co.
1 min read · 12 January 2013
MBK Partners, a North Asia-focused private equity manager, is competing with Goldman Sachs, Carlyle and KKR for Taiwan’s top cable TV operator in a transaction estimated to fetch about $1.4 billion.
2 min read · 12 January 2013
The level of debt being placed on private equity-backed companies through recapitalisations could undermine their credit ratings, says a new report.
2 min read · 12 January 2013
In one of two private equity investments in a professional services firm announced today, the San Francisco-based Hellman & Friedman will take a majority interest of AlixPartners along with the firm’s management.
2 min read · 12 January 2013
Returns are strong, financing options are growing and the first mega-deals are in the bag. But as the sun continues to shine on Australia's private equity market, some practitioners are betraying twinges of doubt about the future. Andy Thomson reports.
9 min read · 12 January 2013
Cerberus Capital Management has emerged to become one of the most active private equity investors in the world. But the firm's high-profile deals, such as GMAC, contrast with an extremely private culture. How long can the firm avoid the spotlight? Dave Keating reports.
7 min read · 12 January 2013
When Miramax founders Bob and Harvey Weinstein launched their new studio, they benefited from increased investor interest in the movie business – as well as their own reputations as hitmakers. By Aaron Lovell.
3 min read · 12 January 2013
Private investment fund managers are flocking to the movie industry because they see it as – get this – a business with manageable risk. Are these GPs wise to the future of filmed entertainment, or have they simply “gone Hollywood”? David Snow reports.
10 min read · 12 January 2013
Michael Smith, chairman of CVC Capital Partners, likes to keep his cards close to his chest and has so far minimised contact with the media. In August, he met for a rare interview with Philip Borel to discuss the prospect of a downturn, staff compensation, public relations and the rise of listed private equity.
10 min read · 12 January 2013
