The bankrupt retailer will be sold for about $476m to a liquidation group including Gordon Brothers Retail Partners, Hilco Merchant Resources and Hudson Capital. Apollo, which spent $201m for its stake in the company, has said the loss will have minimal impact.
2 min read · 12 January 2013
$1tr in leveraged loans has been affected by the collapse in investment banking, which has left the sector with far fewer sources of lending than before.
2 min read · 12 January 2013
Catterton Partners-owned cookie maker Archway & Mother’s is the latest private equity-backed company to file for bankruptcy. Standard & Poor’s estimates that ‘a disproportionate number’ of speculative-grade defaults in the next two years will be private equity-backed companies.
2 min read · 12 January 2013
African fundraising soared to unprecedented heights in the first six months of 2008, but the second half of the year may not be as rosy, writes Matt Levin.
2 min read · 12 January 2013
African fundraising soared to unprecedented heights in the first six months of 2008, but the second half of the year may not be as rosy, writes Matt Levin.
2 min read · 12 January 2013
Oak Hill Capital Partners bought US drug store chain Duane Reade in 2004 for $750m, a price allegedly based on inflated earnings numbers.
1 min read · 12 January 2013
Lehman Brothers Private Equity, which is not part of Lehman Brothers bankruptcy, said the turbulent markets contributed to the decrease. Meanwhile, the rebounding US dollar helped Princess Private Equity's NAV increase in September.
2 min read · 12 January 2013
Lehman Brothers Private Equity, which is not part of Lehman Brothers bankruptcy, said the turbulent markets contributed to the decrease. Meanwhile, the rebounding US dollar helped Princess Private Equity's NAV increase in September.
2 min read · 12 January 2013
The distressed investment specialist has teamed with South Korea's National Pension Service to jointly pursue investments in private equity, special situations and real estate.
2 min read · 12 January 2013
The distressed investment specialist has teamed with South Korea's National Pension Service to jointly pursue investments in private equity, special situations and real estate.
2 min read · 12 January 2013
