Multiple industry sources agree Carlyle owners did nothing unusual in using the proceeds from a $500m loan primarily to pay themselves, but some have questioned Carlyle’s public description of the borrowings in 2010.
2 min read · 14 January 2013
The firm has sold a business line of UK engineering company Tomkins, the largest private equity buyout of 2010 at $4.7bn, to Madison Dearborn Partners for $505m.
2 min read · 14 January 2013
Metric Capital Partners has held a first close for its maiden debt fund after eight months on the road, about a third of the way to its €300m target.
2 min read · 14 January 2013
Russia is seeing an upturn in private equity activity, according to new figures from Ernst & Young, with deal value in 2011 double 2010 levels and deal volume also creeping upwards.
2 min read · 14 January 2013
Private equity can’t afford to ignore the ongoing controversy around carried interest and taxation
4 min read · 14 January 2013
In volatile markets, currency hedging can make a big difference to returns – and also help on the fundraising trail, write Philip Bowkley and Andrew Brock
5 min read · 14 January 2013
The UK’s National Audit Office believes drawn-out procurement processes and minimum investor rates of return are not synchronised with projects’ risk profiles and may have inflated PFI equity returns over the years.
3 min read · 15 January 2013
Progress is steady rather than spectacular, but the Central Asian and South Caucasus region is starting to open up to infrastructure developers and investors. Stephen Wermert of the Asian Development Bank explains some of the opportunities and pitfalls.
6 min read · 15 January 2013
With Pennsylvania steeped in fiscal morass, an internet lobby group is pressing a methodical governor to get cracking on public-private partnership legislation.
2 min read · 15 January 2013
The US debt market is no longer like an under-stocked ice cream shop, but that doesn’t necessarily mean borrowers have an abundance of choice just yet. PERE magazine, March 2012 issue
7 min read · 14 January 2013
