Intellectual property of the bankrupt former Apollo portfolio company has been acquired by private equity firm Hilco Consumer Capital and investment firm Gordon Brothers Group for vastly less than the original $1.3bn buyout value.
2 min read · 05 January 2013
Liquidations are more common in the bankruptcy world as financing for reorganisations has dried up, writes Christopher Witkowsky.
2 min read · 05 January 2013
The San Francisco-based firm purchased PRORehab PC and Therapy Services of Iowa as add-ons to its physical therapy platform company Accelerated Rehabilitation Centers, which it acquired in April.
2 min read · 05 January 2013
The $153bn pension allocated $200m to Bank of America for investments with emerging managers, and $350m to minority-owned Parish Capital as part of its emerging private equity managers programme.
2 min read · 05 January 2013
The Southern California-based private equity advisor will manage AMP’s Future Directions Private Equity Fund and act as the firm’s ‘exclusive’ partner in Australia and New Zealand.
2 min read · 05 January 2013
Chet Walker, the founder of Bank of America’s private equity and mezzanine financing business, has launched Forsyth Capital Investors with a single LP, Barry-Wehmiller Companies. The firm's co-founder and managing director is Kyle Chapman, who also worked at Bank of America's private equity financing business.
2 min read · 05 January 2013
The UK-based firm hired Lynsey Register to analyse and recommend investment opportunities for its private equity clients. Last summer, Hermes hired Mark Nunny as investment manager on its private equity direct investment business.
1 min read · 05 January 2013
A survey conducted at PEI Media’s annual CFO and COO Forum in New York Wednesday also revealed that 9% of firms represented have recently experienced a defaulting limited partner.
1 min read · 05 January 2013
US President Barack Obama's call for public funding for infrastructure projects could push out private capital, some market insiders warn. Meanwhile, his enthusiasm for green energy initiatives may create momentum on which private equity firms can capitalise.
2 min read · 05 January 2013
The Toronto Stock Exchange-traded alternative asset manager has reduced the final target for its buyout fund to $4bn from $4.5bn, but can increase its commitment in the future.
1 min read · 05 January 2013
