1 min read · 09 April 2009
1 min read · 09 April 2009
Recent restructuring deals for Sanitec, Thule and McCarthy & Stone highlight the plight of mezzanine and other junior lenders in the current crisis. In contrast to previous downturns where junior debt tended to be the fulcrum on which restructurings hinged, these deals highlight the marginalisation of subordinated creditors as value increasingly breaks in senior. Donal O'Donovan reports.
5 min read · 09 April 2009
2 min read · 09 April 2009
1 min read · 08 April 2009
Hertz Equipment Rental Corp., a subsidiary of Hertz Global Holdings (NYSE: HTZ), has acquired Rent One, a provider of power to event and media companies in Spain. No financial terms were disclosed, except that Rent One had 2008 revenue of $2.9 million. Hertz shareholders include The Carlyle Group and Clayton, Dubilier & Rice.
2 min read · 08 April 2009
Resilience Capital Partners has acquired shares representing more than a 5% stake in EDAC Technologies Corp. (Nasdaq: EDAC), a Farmington, Conn.-based maker of jet engine components, tools, fixtures, injection molds and spindles. Resilience said that it may choose to increase its stake, but did not mention any takeover attempts.
2 min read · 08 April 2009
Platte River Ventures, a Denver-based private equity firm focused on the small and middle-markets, has raised $235 million for its second fund.
1 min read · 08 April 2009
Pegasus Capital Advisors has acquired a majority stake in Spirit Music Group, a New York–based music publisher with a catalog of more than 15,000 songs. No financial terms were disclosed.
3 min read · 08 April 2009
1 min read · 08 April 2009
