As private equity firms await a decline in valuations to deploy dry powder, GPs and LPs alike are looking at whether there is ample liquidity to meet capital calls.
3 min read · 05 January 2013
Goldman Sachs, The McGraw-Hill Companies, SAP Ventures and Bessemer Venture Partners have added $23m on to the $53m in Series D financing the professional networking site raised over the summer.
1 min read · 05 January 2013
Credit Suisse and Deutsche Bank do not believe a solvency opinion from valuation firm American Appraisal obtained by Huntsman last week meets the conditions of the deal, shelving plans to close the deal today.
2 min read · 05 January 2013
Greatwide Logistics Services, purchased last year for $730m, has filed for Chapter 11. The company is saddled with $600m in debt and its first lien lenders including Centerbridge and DE Shaw intend to buy the company early next year.
2 min read · 05 January 2013
The middle market private equity investor had previously purchased securities in Bennigan’s Franchising subsidiary, which enabled it to prevent the unit from filing for Chapter 7 bankruptcy alongside parent company S&A in July.
2 min read · 05 January 2013
The global investment bank and bank holding company has taken an equity stake in climate change offset company Blue Source as part of an alliance in which Goldman Sachs will market credits to its clients.
1 min read · 05 January 2013
The private equity firm co-founded by ousted AIG chief executive Robert Willumstad has acquired a 19% stake in BCSC, Brysam’s third transaction since its founding in January 2007.
1 min read · 05 January 2013
Liquidity concerns have pushed LPs to the secondary market amid default anxiety, but the likelihood of major defaults looks slim, writes Suzanne Weinstock.
2 min read · 05 January 2013
The consumer products-focused private equity firm has completed its sixth exit in two years with the sale of Meguiar’s.
1 min read · 05 January 2013
The Alaska Permanent Fund has brought on former Microsoft executive Jeffrey Scott to manage the $30bn state investment fund.
1 min read · 05 January 2013
