Fred Eckert is chairman and CEO of GSC Partners, an investment group that already is active in CDOs, distressed investing and European mezzanine finance. He spoke to Private Equity International about the products, the people and the plans shaping this business.
10 min read · 08 February 2013
Nick Gaynor, Deutsche Bank’s head of financial sponsor coverage for the EMEA region, has joined the subsidiary alternatives firm to lead its charge into direct and co-investments.
1 min read · 08 February 2013
DebtX, the US-based online seller of the €94m package of non-performing loans, says the UK and Spain will be the next countries to see non-performing loans sales. DebtX is also selling a smaller €14m NPL portfolio backed by assets in eastern Germany.
2 min read · 08 February 2013
The US-based cable provider, whose primary bondholders include Apollo and Oaktree Capital Management, has obtained support for a pre-arranged bankruptcy plan intended to reduce its debt load by $8bn.
2 min read · 08 February 2013
The Indian private sector lender has secured a $100m debt facility for infrastructure investment from a former shareholder
1 min read · 08 February 2013
The UK government’s safety net, which now contains around £400bn of banks’ risky assets, could delay refinancing procedures and cause lenders to encourage corporate defaults.
2 min read · 08 February 2013
Private investors are abandoning road and rail building partnerships in Russia after the Duma slashed its transport infrastructure budget by 90%
1 min read · 08 February 2013
Commercial property prices in Britain have fallen by 40% from their peak, however the office market felt the most pain with rents falling by 1.74% in February – three times greater than any other sector. The pace of decline in capital values though eased slightly.
2 min read · 08 February 2013
Natixis Capital Partners has closed its third fund on €420m for investment into corporate real estate in Benelux, France, Germany, Italy and Spain.
1 min read · 08 February 2013
The UK’s secretary of state for business, Peter Mandelson, last night urged BVCA members to help drive UK economic growth by backing entrepreneurial start-ups and growing SMEs ‘into world beaters’. He also addressed the industry’s efforts to battle negative public perception, noting it had surpassed its ‘pain threshold’.
2 min read · 08 February 2013
