Private equity firms would have to comply with tighter standards for capitalisation, hold periods and disclosure requirements if proposed rules from US banking regulator FDIC are approved.
2 min read · 05 January 2013
The UK government has decided to put the partial privatisation of the Royal Mail on hold in the current market downturn, as a sale in today’s market would not ensure value for taxpayers, according to business secretary Peter Mandelson. CVC had reportedly offered £2bn for a stake in the state-owned mail service but was rebuffed.
1 min read · 05 January 2013
The sovereign wealth fund and the distressed debt specialist will restructure $1bn of the company’s debt, as well as inject fresh capital. Private equity firms like Advent International and The Blackstone Group have reportedly expressed interest in backing Almatis’ debt restructuring as well.
1 min read · 05 January 2013
The firm, which had originally targeted $1.6bn for the fund, expects its first investment from Kayne Anderson Energy Fund V to close in the next few weeks.
2 min read · 05 January 2013
An affiliate of the California-based gatekeeper was a minority partner in a co-investment fund accused of kicking back illegal fees for a $750m commitment from New York State Common Retirement Fund.
3 min read · 05 January 2013
Greentech Capital Advisors, which offers financial advisory services to companies engaged in ‘green’ sectors, will also launch a private equity fund in 2010 focusing on clean technology.
2 min read · 05 January 2013
The $182bn pension, the largest in the US, will negotiate with private equity firms for fee reductions on all new commitments. The practice follows a policy the pension implemented in March to negotiate fee reductions with hedge funds.
2 min read · 05 January 2013
Gala Coral, the struggling gaming company owned by Permira, Cinven and Candover, is not the only private equity-backed business cutting staff: a recent survey shows the vast majority of GPs are slashing operating costs to improve portfolio company performance.
2 min read · 05 January 2013
The firm has invested alongside two other private equity firms for stakes in Cannella, which provides infomercial marketing solutions. Palladium made the investment from its third fund, which closed on $520m in 2006 but was reopened for additional LP commitments.
1 min read · 05 January 2013
The Chicago-based firm has been busy in the market downturn, spending nearly $500m in the past few months to set up platforms for medical devices and pharmaceuticals.
2 min read · 05 January 2013
