Mary Ann Gray, former executive with the Mid-Atlantic Venture Association, was sentenced to two years in federal prison for stealing more than $400k from the organisation.
2 min read · 12 January 2013
There's no denying that the mid-market remains the major talking point in a French private equity market wrestling with competition and overly aggressive leverage. But, just over the horizon, lies a vision of a mature industry populated by well-differentiated managers. Andy Thomson reports.
9 min read · 12 January 2013
Life is getting tougher for foreign GPs in South Korea, so Newbridge Capital has decided to make a donation.
3 min read · 12 January 2013
The New York-based global private equity firm has said in a statement that it expects to be cleared of any wrongdoing over the disposal of its stake in LG Card Co.
2 min read · 12 January 2013
Vincenzo Morelli returns to the fray as TPG's new European operations pointman.
4 min read · 12 January 2013
Understanding the legal framework surrounding shareholder issues in private companies is crucial to buy-out practitioners. Here, in an extract from The UK LBO Manual, a recently-published guide to structuring buy-outs in the United Kingdom, Charlie Geffen, Head of Private Equity at international law firm Ashurst, outlines issues surrounding income, capital and voting rights.
7 min read · 12 January 2013
Texas Pacific's quest to buy an Oregon electric utility has been hampered by politics, scandal and regulatory strife
3 min read · 12 January 2013
Private equity securitisation as a fundraising technique had all but disappeared from view. Then two collateralised debt obligations, SVG's Diamond and Tenzing from Invesco Private Capital, braved the market in 2004. Will there be others, asks Philip Borel
9 min read · 12 January 2013
The Crocus Investment Fund, one of Canada's labour-sponsored investment funds, halted trading and suspended redemptions in December amid concerns about overvalued holdings and general mismanagement. As the fund conducts a controversial internal review, many critics are pointing to Crocus as an example of the ineffectiveness of Canada's LSIF programme
3 min read · 12 January 2013
When dealing with their bankers, LBO firms are calling the shots – for now
4 min read · 12 January 2013
