'Private equity will become part of the norm rather than the alternative', following a lull in which LPs will question the asset class, according to Carlyle co-founder David Rubenstein. He also highlighted China's opportunity set at the PEI Emerging Markets Forum.
2 min read · 05 January 2013
The Cairo-based firm, which expects to close its first institutional fund on $500m this year, is mulling a push into Iraq’s oil and gas sector before multinational oil companies gain further ground.
2 min read · 05 January 2013
The private equity firm has created a site for potential sellers and buyers of its fund interests to exchange info, a move that puts Sun Capital into one of the IRS’ ‘safe harbours’ from certain US tax regulations.
1 min read · 05 January 2013
Credit Suisse has filed a lawsuit against Netherlands-based family office Plaza Group, claiming it illegally transferred hundreds of millions in LP interests 'in a brazen conspiracy'. Bankrupt Plaza has blamed Credit Suisse for encouraging it to back 'poorly performing funds'.
2 min read · 05 January 2013
Lone Star paid $660m for regional US supermarket chains Bi-Lo and Bruno's in 2004. In 2007, the private equity firm began trying to sell Bi-Lo, a Southern US supermarket operator that has been unable to refinance a maturing term loan amid current credit market conditions.
2 min read · 05 January 2013
The distressed investment specialist is surrendering all its stock in Thornburg Mortgage and has resigned its board seats. The residential mortgage lender has been given a grace period by lenders to come up with a restructuring plan.
2 min read · 05 January 2013
Private funds and investors are essential to the US Treasury’s plan to rejuvenate credit markets with the purchase of banks’ toxic assets.
3 min read · 05 January 2013
The Drug Fair Group, based in New Jersey, has filed for Chapter 11 protection and is selling a portion of its stores and other assets to Walgreens.
1 min read · 05 January 2013
The US turnaround firm has bolted on the aluminium die casting and machining operations of US foundry Citation to the automotive components platform it's been building since 2006. The firm also is building up its plastic molder platform.
2 min read · 05 January 2013
The firm's private equity arm wants to use half the uninvested capital from its $20bn buyout fund to back distressed companies and buy discounted debt.
2 min read · 05 January 2013
