Exponent Private Equity, a UK mid-market firm founded in 2004, has closed its second fund with commitments of £805 million ( €1 billion; $1.6 billion). The fund is double the amount raised in the first fund in 2004. Investors included funds managed by Pathway, Pantheon Ventures, Danske Private Equity, MassPRIM, OMERS Capital Partners, NYL Capital Partners and Bank of Scotland, as well as substantial US endowment and European private family sources. Hugh Richards, one of the firm's four founding partners, answers PEI's questions.
2 min read · 12 January 2013
TOUGH ON TOYS 2008-02-01 Staff Writer The Service Employees International Union stepped up its toxic toys campaign in time for the holiday shopping season. The labour union organised a group of activists and mothers to protest outside Kohlberg Kravis Roberts' New York headquarters, with the goal of persuadin
2 min read · 12 January 2013
Editor's letter 2008-02-01 Staff Writer “The reality is we've gone from a raging bull market in credit to a bear market. Now people are worrying about anything and everything.” So said David Brickman, director of credit strategy at Lehman Brothers, in the context of a <italic>Financial Times</italic
2 min read · 12 January 2013
GSO Capital Partners, newly part of The Blackstone Group, has agreed to pay a $21 million breakup fee to Reddy Ice after credit market conditions gave GSO’s lenders cold feet.
2 min read · 12 January 2013
The firm’s country head, Paul Yoo, has been sentenced to five years in prison, while Lone Star has been fined $26 million by a Korean court.
3 min read · 12 January 2013
US buyout firm JC Flowers has been unable to sell the Dutch bank, despite agreeing a deal in August. The cancelled deal may dampen Flowers’ interest in UK bank Northern Rock and UK insurer Friends Provident.
1 min read · 12 January 2013
The credit crunch has claimed another victim: Patriarch Partners’ American LaFrance, one of the oldest fire engine makers in the US.
2 min read · 12 January 2013
Avalon Laboratories, which manufactures connection devices for life support machines, is American Capital’s sixth investment in the medical technology sector.
1 min read · 12 January 2013
The credit crunch has claimed another victim: Patriarch Partners’ American LaFrance, one of the oldest fire engine makers in the US.
2 min read · 12 January 2013
US student lender Sallie Mae will accept a $30 billion refinancing in lieu of a JC Flowers-led buyout. Meanwhile, Blackstone has told Alliance Data it does not think the company can meet closing conditions for a $6.43 billion acquisition.
2 min read · 12 January 2013
