Thomas H. Lee-led Lee Equity Partners has agreed to pay $395 million for teen fashion retailer Deb Shops. It is the firm’s second deal since it was founded last year.
2 min read · 12 January 2013
The record debt package financing Kohlberg Kravis Roberts’s landmark £11 billion acquisition of Alliance Boots is proving attractive to debt investors. The buyout firm began its roadshow yesterday.
2 min read · 12 January 2013
As investors race to unload their subprime mortgage based assets, distressed investor Sun Capital Partners plans to buy an 80 percent stake in First NLC Financial Services, a subprime mortgage originator.
2 min read · 12 January 2013
The Carlyle Group has finally completed the troubled flotation of a credit vehicle on Amsterdam’s Euronext exchange, raising $300 million.
1 min read · 12 January 2013
As the lead underwriters on the Alliance Boots deal – JP Morgan, Deutsche Bank and Unicredit – prepared to reveal their syndication plans for the deal’s debt, Toby Lewis examined the potential options available to them.
3 min read · 12 January 2013
Intermediate Capital Group has invested £165 million in 12 deals in the last quarter, saying it expects a record month in the mezzanine markets as cheap senior debt dries up.
2 min read · 12 January 2013
Kohlberg Kravis Roberts will become the latest alternative asset manager to raise funds on the public market, after revealing plans for a $1.25 billion initial public offering on the New York Stock Exchange before the end of the year.
2 min read · 12 January 2013
The central Europe mezzanine specialist has held a first close on its debut fund as it looks to capitalise on the favourable conditions for mezzanine investors. The fund has raised just under half of its €125 million target.
2 min read · 12 January 2013
Och-Ziff, one of the world’s largest hedge fund managers, will become the latest alternative asset manager to tap the public markets after revealing plans for a possible flotation on the New York Stock exchange.
2 min read · 12 January 2013
Canadian telecom giant BCE will be bought by Madison Dearborn, Providence and Canadian pension Ontario Teachers’ in the largest-ever LBO to date. Bids had also been submitted by two rival consortiums backed by KKR and Cerberus.
2 min read · 12 January 2013
