Although mezzanine remains the subordinated debt instrument of choice for many sponsors in Europe, life is tough for specialist providers today. But, as Joanna Hickey reports, the specialist funds remain upbeat – insisting that, with rising volumes, their sponsor relationships and their own adaptation to market changes, they are still getting enough work.
10 min read · 12 January 2013
In April, Private Equity International gathered together a group of leading European private equity professionals to reflect on deepening liquidity in the leveraged finance market. The rise of the institutional investor was a major talking point, reports Andy Thomson.
10 min read · 12 January 2013
Foreign private equity firms appear to have become public enemy number one in South Korea – but they're not alone in feeling the heat from regulators.
3 min read · 12 January 2013
KKR is about to test the market's appetite for listed LBO funds.
6 min read · 12 January 2013
Due to both political and economic issues, the introduction of German REITs is progressing slower than expected. To compete with the rest of Europe's publicly listed real estate market, however, the country cannot afford to lose any more time. By Dr. Michael Kreft
9 min read · 12 January 2013
As capital continues to flow into private equity real estate, GPs are gaining the upper hand in negotiating the terms of their fund documents—but that doesn't mean LPs are staying quiet. By Paul Fruchbom
10 min read · 12 January 2013
Arif Naqvi, founder of Abraaj Capital, never intended to build a private equity business. Today, he presides over the largest such entity investing in the Middle East and North Africa. An eloquent spokesman for the asset class' importance in the Arab world, he recently shared his vision for the industry and the region with Philip Borel.
10 min read · 12 January 2013
Brad Greenspan, the former head of Myspace.com parent Intermix Media, is suing the company and its former VC backers, VantagePoint Venture Partners, claiming he was unjustly squeezed out.
3 min read · 12 January 2013
Trans World Entertainment has agreed to buy Sun Capital portfolio company Musicland out of bankruptcy. The company’s stay in Chapter 11 has reportedly been tainted by allegations of impropriety.
2 min read · 12 January 2013
Before Steven Klinsky's New Mountain Capital makes an investment, it does a “deep dive” into the mass of data surrounding its industry of interest. This strategy mirrors Klinsky's own zeal for intelligence gathering and for making money from growth, not leverage. David Snow profiles one of Wall Street's smartest – and nicest – investors.
10 min read · 12 January 2013
