Hedge fund managers are rubbing their hands at the prospect of a rapid increase in loan-to-own opportunities as covenant breaches are predicted to rise, according to the latest research.
2 min read · 12 January 2013
Hedge fund managers are rubbing their hands at the prospect of a rapid increase in loan-to-own opportunities as covenant breaches are predicted to rise, according to the latest research.
2 min read · 12 January 2013
European buyout firm Bridgepoint has made its first standalone acquisition in central and eastern Europe after opening an office in the region six months ago. At the same time it has managed to recapitalise a Finnish business despite debt market travails.
2 min read · 12 January 2013
Intermediate Capital Group, the UK debt investor and fund manager, has recruited for its CDO and institutional mandate team. It is looking to widen its trading expertise with a recruit to its leveraged loans team.
1 min read · 12 January 2013
The UK Treasury has made clear it can offer no guarantee of prolonged funding, causing potential bidders to make cautious indicative offers.
3 min read · 12 January 2013
Jeppe de Boer has left Goldman Sachs for Renaissance Capital, stating that markets such as Russia continue to show huge appetite for development.
1 min read · 12 January 2013
Terra Firma founder and former banker Guy Hands has said bankers are “whimpering dogs”, who will need to be enticed from their baskets after the credit crunch.
2 min read · 12 January 2013
The details of the sale options for struggling UK bank Northern Rock reveal bidders may be able to acquire the bank without taking on the company’s expected £24 billion debt to the Bank of England.
2 min read · 12 January 2013
The TPG Capital-BA consortium has secured a team of banks to underwrite its bid for Spanish airline Iberia, after the chief executive of the UK airline Willie Walsh said the bid would be tabled within four to six weeks.
2 min read · 12 January 2013
TPG-affiliate ACON Investments has completed its second exit from a Latin American supermarket chain, with the sale of GBarbosa to strategic buyer Cencosud.
2 min read · 12 January 2013
