Boutique investment bank Augusta & Co believes the credit markets are in a much healthier state than recent coverage might suggest, arguing that the current jitters are due to temporary factors, rather than underlying weakness.
3 min read · 12 January 2013
As ratings agency Standard & Poor’s criticises covenant loose loans for being covenant-lite by the backdoor, a senior banker tells Toby Lewis cov-lite loans will become extinct.
4 min read · 12 January 2013
In an unprecedented step Blackstone has revealed its partners’ tax liability in a rebuttal of a US newspaper report.
3 min read · 12 January 2013
The underwriting banks syndicating the Alliance Boots debt package have pulled the second lien tranche of the debt package, just a week after they were forced to postpone syndication of the senior debt for the deal.
1 min read · 12 January 2013
Richard Lambert, the head of the Confederation of British Industry, a trade body that has been attracting support from some of Europe’s large buyout firms, has criticised private equity’s public relations efforts.
2 min read · 12 January 2013
In Denmark, a law has been passed to remove the favourable tax status enjoyed by leveraged loans.
5 min read · 12 January 2013
The alternative assets manager is capitalising on the booming wealth of the Gulf region with a spate of new buyout, mezzanine and growth capital funds and an almost 50 percent increase in client assets.
2 min read · 12 January 2013
Investment bank Goldman Sachs has expanded its private equity programme with the advent of GS Direct, a middle-market-focused investment division.
2 min read · 12 January 2013
Blackstone units began to trade today above their $31 IPO price, climbing back from the $28.75 low it hit last Friday, the stock’s first trading day. The market could change directions again next week as US congressmen begin hearings on private equity.
2 min read · 12 January 2013
London-based Duke Street Capital has amassed a 34 percent stake in Oasis Healthcare and increased its bid to £88.2 million, as the battle for the UK’s biggest dental business heats up.
2 min read · 12 January 2013
