The Canadian door maker has filed a pre-arranged bankruptcy in which the majority of the company’s creditors are supporting the restructuring plan. KKR, which has lost its equity stake of $429m in the company, took part in planning the restructuring.
2 min read · 05 January 2013
The $97bn pension, which has seen the value of its assets plunge by about $30bn since last summer, increased its upper limit allocation ceiling to the asset class to 7 percent from 5 percent in December to alleviate over-weighting.
1 min read · 05 January 2013
The mega-firm will join the ranks of other private equity players looking to offer mezzanine financing, which surges in demand when senior lenders withdraw from the LBO market.
1 min read · 05 January 2013
The mega-firm, which took Realogy private in a 2007 deal valued at $8.5bn, has agreed to financially support its real estate brokerage platform to help it meet its debt obligations and avoid default for at least the next 12 months.
2 min read · 05 January 2013
Lehman’s former merchant banking unit will be owned by management in a joint venture with South African billionaire Johann Rupert.
2 min read · 05 January 2013
The pension is committed to building its fledgling private equity portfolio and forecasts meeting its targeted 8% allocation to the asset class by 2013, with commitments totaling $3.8bn.
2 min read · 05 January 2013
American Capital, Onex and Allied Capital all reported steep losses for the fourth quarter and full-year 2008 as investments were battered by comparable market declines. The future viability of American Capital and Allied have been questioned by the firms’ auditors.
2 min read · 05 January 2013
TPG’s objection comes after Babson Capital and GSC said the proposed bankruptcy financing is unfair to first-lien lenders who do not participate in the financing package.
2 min read · 05 January 2013
The mid-market firm has doubled the size of it predecessor fund and exceeded its target by $500m.
1 min read · 05 January 2013
As the mega-firm reportedly shelves plans to go public, its directors and founders are reviewing a previously agreed deal to buy out unit-holders in KKR Private Equity Investors, the Euronext-listed vehicle that co-invests alongside KKR.
2 min read · 05 January 2013
