The publicly listed company is in discussions with its lenders and noteholders seeking relief from covenants on its debt.
2 min read · 05 January 2013
The largest private equity firms in the world have committed to consider socially responsible investment guidelines. Is this all just PR window dressing? asks Christopher Witkowsky.
2 min read · 05 January 2013
Some of the world’s biggest private equity firms – including KKR, Blackstone, Carlyle, Permira, Providence, Apax and Apollo – have committed to consider environmental, social and corporate governance issues when making investments.
3 min read · 05 January 2013
The New York-based firm is raising $3bn for its financial services-focused fund. TPG and JC Flowers are also looking to invest in the sector.
2 min read · 05 January 2013
The only satellite radio provider in the US is struggling under a $3.2bn debt load. Apollo first invested in Sirius in 1998 and retains a 2.6% stake.
2 min read · 05 January 2013
Valuation difficulties have prompted the Texas-based mega-firm to cease talks that began more than a year ago with the Kuwait Investment Authority and two California pensions over the potential sale of a single digit stake in its management company.
3 min read · 05 January 2013
The New York-based distressed investment firm was the ‘highest qualified bidder’ for assets of the iconic US china company. KPS agreed in January to buy assets from fellow bankrupt china and crystal maker Waterford Wedgwood.
1 min read · 05 January 2013
The buyout firm has effectively lost its $830m equity investment in the aluminium products provider, which blamed the deteriorating economy and the falling price of aluminium for its bankruptcy. Lenders led by Apollo and Oaktree are providing Aleris with new debt.
2 min read · 05 January 2013
The $11.5bn Kentucky Retirement System will move forward with its private equity allocation of 12% despite the declining value of the pension's portfolio.
2 min read · 05 January 2013
Audax co-founders Marc Wolpow and Geoffrey Rehnert lost a ‘painful’ amount of personal money, while a Thomas H Lee-controlled fund of hedge funds had invested an undisclosed amount with Madoff Investment Securities.
2 min read · 05 January 2013
