Market conditions worldwide are darkening, but the infrastructure asset class will likely be among the first to see the sun, writes Cezary Podkul.
2 min read · 12 January 2013
The financial services-focused firm has hired Mitchell Caplan, former chief executive of the online stock trading giant. Founded in 2005 as a joint venture between Venturion Capital and Jeffrey Greenberg, Aquiline is currently investing its debut $1.1bn fund.
1 min read · 12 January 2013
Amid turmoil in Iceland’s financial system, the Kaupthing-backed fund was unable to repay a credit facility. The fund’s investment manager, Kaupthing Singer & Friedlander, has been replaced.
2 min read · 12 January 2013
The study dovetails with broad changes already affecting the private equity industry as GPs hire more operating partners and raise families of funds.
2 min read · 12 January 2013
A report from Moody's Corporate Finance reveals an increase in private equity-backed companies that are electing to use their payment-in-kind option to make interest payments.
2 min read · 12 January 2013
The arts and crafts big-box chain has drawn an aggregate of $120m from its senior secured asset-based credit facility to ‘meet its cash needs while there are disruptions in the debt markets’. Bain and Blackstone bought the US retailer in 2006 in a $6bn deal.
2 min read · 12 January 2013
The Los Angeles-based private equity firm has acquired nearly all the company’s debt for $200m and is funding the plan of reorganisation for Pierre, which is one of 34 private equity-backed companies that has gone bankrupt this year. Madison Dearborn bought Pierre in 2004 for about $422m.
2 min read · 12 January 2013
The data doesn’t lie – there are far fewer deals being done than last year.
2 min read · 12 January 2013
The US firm has reportedly made its second bid in two years for the electronics maker, two months after Morgan Stanley's deal for the home appliance maker fell apart.
1 min read · 12 January 2013
The number of commercial property transactions has dropped off significantly in the past three months, according to a report by Real Capital Analytics – including in Asia. In the US. Macklowe, Fortress, Morgan Stanley, Aviva and GE biggest sellers.
2 min read · 12 January 2013
