… the tough get data. Private equity firms churn through massive amounts of proprietary and third-party performance data, and the demand for more statistics is increasing. While GPs and LPs can agree over the quality and accuracy of these numbers, their manipulation raises questions, writes Art Janik
10 min read · 12 January 2013
Personal networks, relationships and access to the right people at the right time are essential no matter where in the world private equity transactions are being pursued. But private equity investors and their financiers, familiar with the whole of Europe's commercial fabric, say there are few countries where being part of the country's inner circle is more important than Italy. It's not as if the country can't deliver exceptional deals when the ingredients are right: witness the ‡5.65 billion buyout in June last year of Seat Pagine Gialle ? Europe's biggest buyout ever and recently voted by our readers as the 2003 European Buyout of the Year. So how does private equity work in Italy? Philip Borel asks Gianfilippo Cuneo, someone who can talk about private equity Italian style with insider's knowledge, to share his views.
10 min read · 12 January 2013
The recent sale of private equity-backed KorAm Bank to Citigroup was a milestone for the industry in Asia
2 min read · 12 January 2013
The use of high yield financing is a staple feature of leveraged buyouts, but participants in deals may not appreciate the need for precisely tailored covenants. Valerie Jacob, co-managing partner of Fried, Frank, Harris, Schriver & Jacobson, highlights the keys to investor protection.
10 min read · 12 January 2013
FLV Fund, the struggling Belgian venture capital firm, has terminated negotiations with Arcis Group of France and the UK’s Strathdon Investments that could have led to a sale of FLV’s portfolio assets.
3 min read · 12 January 2013
The French unit of Italian private equity firm 21 Investimenti is close to announcing a final close of its second expansion capital fund.
2 min read · 12 January 2013
Apollo Management, Soros Private Equity Partners and Goldman Sachs Capital Partners have invested $350m to take a majority stake in Cablecom, the Swiss cable television company.
2 min read · 12 January 2013
When PEI sat down with five seasoned leveraged finance professionals in London recently, it became clear that although business is good, they were keen to tread carefully in today's market. There also seemed to be a growing sense that the dynamic between sponsor and finance provider has changed – to the sponsors' advantage. We talked to them about the issues behind this shift and heard why getting it right matters all the more today.
10 min read · 12 January 2013
'Enronitis' and America's 'No Growth' economic future are threatening to stifle entrepreneurial spirits in the US, argues Joseph W. Bartlett, Of Counsel Fish & Richardson.
10 min read · 12 January 2013
Americas 2004-01-01 Staff Writer <strong>America<br> Monitor</strong><br> <sec level="2"><strong>Woman of action</strong><br> <bold>The outspoken and combative treasurer of Connecticut, Denise Nappier, has been at the center of a flurry of legal action
10 min read · 12 January 2013
