Private Equity
Warburg invested $126m in polyester manufacturer Wellman in 2003 but saw the company collapse into bankruptcy in February amid rising raw material costs and a mountain of debt.
1 min read · 05 January 2013
A panel of private equity insiders, including DLJ Merchant Banking chair Nicole Arnaboldi and Carlyle's Jonathan Colby, agreed the buyout industry is in for more pain but sees US deal activity regaining momentum sometime next year.
2 min read · 05 January 2013
The global private equity firm has been growing its corporate communications platform as it invests its fifth fund, which is targeting $900m.
1 min read · 05 January 2013
KKR's publicly listed debt affiliate made $49m in third quarter profits but will suspend its dividend to preserve liquidity.
2 min read · 05 January 2013
The Apollo Global Management and TPG-backed casino operator has struggled in the faltering economy with dwindling revenue and heavy debt loads. The company is seeking to restructure its debt to extend maturities and reduce its outstanding principal.
2 min read · 05 January 2013
Trouble in the retail sector presents opportunity, with 'some of the greatest fortunes' due to be made by savvy investors over the next year, according to John Howard, CEO of Irving Place Capital, formerly Bear Stearns Merchant Banking.
2 min read · 05 January 2013
The consolidation of CAM Private Equity and VCM Capital Management will create a single fund manager committing capital to venture, growth capital, buyout, mezzanine, distressed debt and infrastructure funds.
2 min read · 05 January 2013
The Texas-based western-style clothing retailer, backed by Sage Capital and Luther King Capital, has sold 22 stores to Marwit Capital on its way to total liquidation. BTWW is one of 35 private-equity backed companies that have crashed into bankruptcy in 2008.
2 min read · 05 January 2013
The Massachusetts- and Connecticut-based firm will hold a 12% stake in National Investment Managers, which buys companies with stable cash flows and high operating margins.
2 min read · 05 January 2013
The Swiss fund of funds investor, which is not a subsidiary to insurance giant AIG, has sold stakes in Avista and Sun Capital at a discount of nearly $7m.
2 min read · 05 January 2013
