Accent Equity has sold Swedish flower delivery service EuroFlorist to Litorina Kapital. It is the third investment in three months from the Swedish firm’s third fund.
1 min read · 12 January 2013
Jamie Dimon of JP Morgan has hit out at the proliferation of equity bridge facilities used on large buyout deals, suggesting that they are not good for the lending banks or the private equity sponsors.
2 min read · 12 January 2013
US Federal Reserve Chairman Ben Bernanke told Congress that financing activity in bond and business loan markets remains brisk, despite widening credit spreads and tightening of terms for leveraged business loans.
2 min read · 12 January 2013
Several of the world’s biggest private equity firms are already consulting with LPs about their next funds, but uncertainties about the pace of dealmaking and size of allocations are hampering these efforts.
2 min read · 12 January 2013
Credit Suisse has promoted John Knox to co-head its Australian investment banking business with Rob Stewart. Knox will continue to head the bank’s financial sponsor coverage in Australia.
2 min read · 12 January 2013
The US presidential candidate still has major stakes in Bain Capital funds, although these have been placed in a blind trust, according to recent campaign disclosures.
2 min read · 12 January 2013
Asia’s private equity report card for the first half of this year is out: fundraising has surpassed last year’s record levels but transaction value has fallen compared to the first six months of 2006.
2 min read · 12 January 2013
US regional airline Midwest has turned down discount airline AirTran’s buyout offer in favour of a higher, $400m bid by TPG Capital and Northwest Airlines. A formal agreement is expected in days.
3 min read · 12 January 2013
Limited partners and their advisors have conflicting views on the $21.7 billion Blackstone fund closed this week, disagreeing on whether its record-setting size means more problems or advantages for LPs.
2 min read · 12 January 2013
American Capital has hired Joel Houck to develop a new closed-end fund, drawing on his experience in specialty finance and commercial banking.
1 min read · 12 January 2013
