The Chicago-based private equity firm’s $200m acquisition of Entertainment Rights’ subsidiaries gives it control over popular children’s characters like Frosty the Snowman, He-Man and Casper the Friendly Ghost.
1 min read · 05 January 2013
Moody's has followed Fitch in slashing its debt rating for Energy Future Holdings as concerns mount over its ability to pay creditors. The company formerly known as TXU was purchased by TPG, KKR and Goldman Sachs in a $45bn transaction, the largest-ever buyout closed to date.
2 min read · 05 January 2013
The New York-based investment bank has hired two former Bear Stears private equity secondaries executives, Jeff Hammer and Paul Sanabria, to run its new advisory service.
2 min read · 05 January 2013
New guidelines announced by the Financial Accounting Standards Board, in response to recent pressure amid increasing write-downs and stock drops, will give GPs more room to maneuver in pricing investments.
2 min read · 05 January 2013
The US-based cable provider, whose primary bondholders include Apollo and Oaktree Capital Management, has obtained support for a pre-arranged bankruptcy plan intended to reduce its debt load by $8bn.
2 min read · 05 January 2013
The New York-based private equity firm has taken the unusual step of suing two of its smaller LPs – Chalice Fund and WK CG Investments – for allegedly defaulting on capital contributions to three funds.
2 min read · 05 January 2013
The fourth global power and energy fund raised by the two firms will stay in the market a few more months, with Riverstone having recently expanded its team to help source and execute future energy investments.
1 min read · 05 January 2013
The US government's moves to gain greater regulatory control over large financial instutions would obligate some private equity firms to register with the SEC and supply data including the names of LPs and leverage levels on deals.
3 min read · 05 January 2013
The casino operator, which was purchased last year by Apollo Global Management and TPG, is offering to exchange the bonds for $2.8bn in notes as it seeks more room to maneuver in avoiding a default.
2 min read · 05 January 2013
Daniel Rosensweig joined Quadrangle in 2007 to launch its tech-focused Silicon Valley office. He will now oversee the operations of Activision's top-selling Guitar Hero video game.
2 min read · 05 January 2013
