Ares Management’s 99 Cents Only Stores drew a debt downgrade from Standard & Poor’s based on the retailer’s outlook for earnings pressure, while Goldman Sachs absorbed a lower rating on Education Management LLC, among eight actions affecting buyout-backed portfolio companies in November.
2 min read · 02 December 2014
Distressed debt specialist Glendon Capital Management quickly hit the $1 bln hard cap on its debut fund in less than a year, following its spin out from Barclays Asset Management Group in 2013.
1 min read · 26 November 2014
Distressed debt specialist Glendon Capital Management quickly hit the $1 billion hard cap on its debut fund in less than a year, following its spin out from Barclays Asset Management Group in 2013, according to two sources.
2 min read · 25 November 2014
3 min read · 25 November 2014
Alaska Permanent Fund has committed $493 million to several private equity funds since June 30, while its overall private equity portfolio outpeformed other asset classes in its first fiscal quarter.
2 min read · 24 November 2014
Audax and CVC Capital veteran Ashwin Krishnan started SpareHire with lifelong friend Vikram Ashok after their personal experience in the workplace helped them identify a market need.
2 min read · 24 November 2014
After plowing tens of billions of dollars into the energy sector, private equity firms have seen oil prices hit their lowest level since 2010. Time to panic? Hardly. The long-term prospects of energy investments outweigh the short-term risks, PE pros say.
6 min read · 24 November 2014
Riverside Co’s exit of software and service company Navex Global in a sale to Vista Equity Partners marks the latest in a busy year of deals for the middle-market firm, which expects to buy and sell as many as 60 targets this year.
1 min read · 20 November 2014
Vista Equity Partners has raised at least $119 million for Vista Credit Opportunities Fund I, a private equity pool set up to invest in debt issued by software, data and technology-focused businesses, in an effort that began at least a year ago, according to filings.
2 min read · 19 November 2014
H.I.G. Capital is nearing final negotiations to buy the Polymer Additives unit of Ferro Corp in a deal expected to fetch up to about $200 million.
1 min read · 18 November 2014
