Silver Lake, Index, CPPIB and Andreessen Horowitz will pay $1.9bn in cash and $125m in debt to purchase a majority stake in the VOIP company from eBay.
1 min read · 05 January 2013
The private equity firms plan to back stop a $75m rights offering and exchange $98m of debt for equity in Builders FirstSource.
2 min read · 05 January 2013
Richard Valdes received $38,600 in campaign donations in 2005; much of them tied to placement agent Alfred Villalobos, who since 2006 has secured more than $4bn in CalPERS commitments.
2 min read · 05 January 2013
Newspaper owner Freedom Communications, which the mega-firms helped recapitalise in 2004, is reportedly on the verge of a bankruptcy filing.
2 min read · 05 January 2013
A group of LPs has asked Sun Capital for the ability to shrink commitments to its $6bn fifth fund because of ‘liquidity issues’ and asset allocation imbalances.
2 min read · 05 January 2013
The $18.4bn pension will reduce its private equity exposure by $400m compared to fiscal 2009.
2 min read · 05 January 2013
The business development company has staved off bankruptcy for the short term as it eases its debt load by $174m.
2 min read · 05 January 2013
GPs and LPs lately have been at odds over terms, but they are totally aligned in opposition to the FDIC’s proposed bank ownership rules, writes Christopher Witkowsky.
2 min read · 05 January 2013
The $7.6bn pension has terminated $150m in recommended commitments from its former private equity advisor Aldus Equity.
2 min read · 05 January 2013
S&P gave the business development company a negative outlook over its second quarter losses and the uncertain outcome of its negotiations with lenders.
2 min read · 05 January 2013
