The Florida-based turnaround firm’s job cuts and closure of its Tokyo office over the last several months are due in part to the stagnant deal environment.
2 min read · 05 January 2013
The Washington, DC-based mega-firm has already made investments from Carlyle Mezzanine Partners II and bought some mezzanine investments on the secondaries market.
2 min read · 05 January 2013
The $743m transaction was terminated after certain conditions were not met, continuing the long dry spell for SPAC deals in the market downturn.
2 min read · 05 January 2013
Allied’s audit firm expressed ‘substantial doubt’ about the ability of the firm to continue as a going concern.
2 min read · 05 January 2013
The publicly listed debt affiliate of Kohlberg Kravis Roberts has suspended its dividend to shareholders through 2009 as it tries to bolster its liquidity.
2 min read · 05 January 2013
Other than this secondaries play, the $2.3bn pension may commit no further capital to private equity GPs this year as it struggles with a 'cash flow crunch'.
2 min read · 05 January 2013
Blackstone’s CEO and co-founder Stephen Schwarzman also said in an earnings call earlier last week that 'to our knowledge' no Blackstone private equity fund interest has been sold on the secondaries market.
2 min read · 05 January 2013
The mega-firm acquired Masonite in 2005 in a deal valued at C$3.1bn, using about $429m in equity. Masonite’s fortunes began to turn last year as the US housing market declined.
2 min read · 05 January 2013
The New York-based media- and technology-focused firm has asked LPs to remain committed to its second fund, noting it is prepared to capitalise on opportunities in the current environment.
2 min read · 05 January 2013
A management group from Lehman Brothers Venture Partners will spin-out to become Tenaya Capital, which will have $750m in capital and 45 portfolio companies. HarbourVest completed a synthetic secondary transaction as part of the spin-out.
3 min read · 05 January 2013
