Leveraged loans from buyouts are selling at a steep discount. According to reports, KKR and Permira have purchased more than €100m of portfolio company ProSiebenSat.1’s leveraged loans and banks are struggling to offload Clear Channel debt.
2 min read · 05 January 2013
The Brazilian private equity firm fell slightly short of its fundraising target, but is ‘bullish’ on its ‘perfect timing’ for acquiring companies at low valuations.
2 min read · 05 January 2013
The Silicon Valley-based venture firm has hired the former CEO of enterprise software company Movaris to bulk up the firm’s supply of financial and operational expertise.
1 min read · 05 January 2013
Recent deals and proprietary PEI research show the asset class continues to bet on pockets of the retail sector, despite gloomy consumer confidence, writes Suzanne Weinstock.
2 min read · 05 January 2013
The buyout firm and portfolio company Hexion have begun court proceedings in an attempt to abandon the $10.6bn purchase of chemical manufacturer Huntsman citing a material adverse effect. Yesterday, an offer of nearly $1bn from investors in order to close the transaction was declined by Hexion.
3 min read · 05 January 2013
Several months after a merger with ABN AMRO Asset Management, the Paris-based asset manager has set out to raise an ‘infrastructure-style fund’ making project-level investments in wind, hydro, solar and biomass.
2 min read · 05 January 2013
The Carl Marks & Co affiliate, which specialises in government-related companies, has exited its 2004 investment in data services company 3001 International to defense and technology company Northrop Grumman.
1 min read · 05 January 2013
The AIG Brazil Special Situations Fund II will put in place a team to pursue investments in Colombia and Peru before the end of the year. Separately, the fund has invested R$60 million in Brazilian engineering services company Advento Participações.
2 min read · 05 January 2013
The technology-focused affiliate of venture firm Accel Partners and mega-buyout firm Kohlberg Kravis Roberts has closed its third fund with commitments from all existing limited partners.
2 min read · 05 January 2013
The middle market specialist has raised $2.3bn from family offices and endowments for its fifth fund, which has more than double the life of a standard fund, demonstrating the firm has the capital 'to put their money where their mouth is and be long-term investors'.
2 min read · 05 January 2013
