Fred Buffone, who for the past three years worked at Fifth Street Asset Management as head of capital markets, has joined Freedom 3 Capital in New York.
2 min read · 28 April 2016
The debt-to-equity swap will pass 70% of the company’s shares to lenders and reduce its debt by half.
2 min read · 27 April 2016
The lower mid-market lender has appointed bank industry veteran Anne Yang to its list of advisors.
1 min read · 27 April 2016
The company joins a growing number of state owned enterprises that have been defaulting on debt lately, including Baoding Tianwei Group, Sinosteel Corporation and Shanxi Huayu.
2 min read · 25 April 2016
The Musale family has bought back 51% of auto graphics firm Classic Stripes from Navis Capital Partners with debt financing from KKR.
2 min read · 25 April 2016
The US firm has completed its ninth European private debt transaction after closing its European fund targeting mid-market companies on €500m last year.
2 min read · 25 April 2016
The US pension fund has awarded $20m each to Beach Point Capital Management and Voya Investment Management for its opportunistic credit brief, after interviewing five firms.
1 min read · 25 April 2016
The commercial lender is aiming to double up its lending in the UK leisure market this year and plans to triple the amount of issued loans in Northern Ireland by 2017.
1 min read · 22 April 2016
Blackstone’s credit group reported declining revenues in Q1 as low energy prices hit some of its strategies. However, the firm said it was seeing increased opportunities in the distressed and mezzanine sectors.
2 min read · 21 April 2016
The firm has invested in its second CLO vehicle in four months. CVC’s version has a 13-year term and has raised €400m.
1 min read · 21 April 2016
