The stock market crash and its aftermath brought into sharp focus the potential liabilities faced by private equity firms. But as they seek out the protection offered by insurance, they are finding the cost of cover can be prohibitive. Will Swarts reports.
8 min read · 12 January 2013
Depending on who you talk to, Europe's high yield market is either still struggling or is set to grow into something far deeper and broader. Certainly this year's performance has caught the eye of numerous investors, and many practitioners can now talk about distinct facets to the market. But what will shape high yield's evolution? And what part will the private equity community play in this? Robin Burnett investigates.
10 min read · 12 January 2013
In a complex LBO such as the recent acquisition of Linpac, syndicating the debt sometimes turns out more difficult than expected. For the lead arranger, this can be an unpleasant surprise.
5 min read · 12 January 2013
Europe 2003-11-01 Staff Writer <strong>Europe<br> Monitor</strong><br> <sec level="2"><strong>Called to account by IAS 27</strong><br> <quotation><bold>While general partners are focusing their minds on where the next deal is coming from or how t
10 min read · 12 January 2013
Swiss firm Private Equity Holding has reported its first quarterly gain in two years following the disposal of part of its portfolio to CSFB.
2 min read · 12 January 2013
The creditors of insolvent German media group KirchMedia have accepted Haim Saban’s E525m offer for the group’s ProSieben TV unit.
2 min read · 12 January 2013
The French bank has raised E187m for Leveraged Finance Europe Capital II, a collateralised loan obligation fund that will invest in senior and mezzanine debt used in European LBOs.
2 min read · 12 January 2013
The Milan-based private equity firm has acquired Pilosio SpA, a producer of equipment for the construction industry.
1 min read · 12 January 2013
Gregory Crookes takes a look at the legal implications of negotiating break fees in public-to-private transactions in The Netherlands, where neither regulators nor legislators have yet taken a view on their use.
10 min read · 12 January 2013
David Rubenstein of The Carlyle Group and Blackstone's Stephen Schwarzman are pioneers of the multi-strategy private equity investment model. When the two met in New York to compare notes on how to run a global alternative investment business, David Snow looked over their shoulders.
10 min read · 12 January 2013
