The buyout firm will walk away from Italian yacht manufacturer Ferretti, which under the current restructuring plan will remain in the control of the management team led by chief executive Norberto Ferretti.
2 min read · 08 February 2013
The Municipal and Infrastructure Assurance Corporation, capitalised by Macquarie at $75m as of September 2008, will be able to obtain its licenses to provide bond insurance in all US states and territories more quickly as part of a pilot licensing program.
2 min read · 08 February 2013
The Delhi-based firm has held a first close for its third private equity fund, which aims to raise $250m by the end of the second quarter.
2 min read · 08 February 2013
ING PEAL has been drawing on an A$20m credit facility to fund capital calls and will try to reduce some A$49m in undrawn commitments via secondary sales. It has also ceased paying dividends and making new investments.
2 min read · 08 February 2013
Following in the footsteps of American Capital and KKR, 3i will de-list its quoted private equity fund. The exercise values the vehicle at £355m, 33% above last week’s closing share price.
3 min read · 08 February 2013
The publicly listed company is in discussions with its lenders and noteholders seeking relief from covenants on its debt.
2 min read · 08 February 2013
Private equity real estate players targeting the US residential sector will have to wait several weeks for details of President Barack Obama’s plans to help homeowners facing foreclosure. Some fear it could prevent the market from finding a natural bottom.
2 min read · 08 February 2013
The Munich-based firm founded by former 3i executives has raised €96m to date for its debut fund.
2 min read · 08 February 2013
Valuation difficulties have prompted the Texas-based mega-firm to cease talks that began more than a year ago with the Kuwait Investment Authority and two California pensions over the potential sale of a single digit stake in its management company.
3 min read · 08 February 2013
Market turmoil has forced the Italian private equity firm to stop marketing its fifth fund, launched in September. The firm's Fund IV recently acquired Tiscali's international internet business.
1 min read · 08 February 2013
