Toby Lewis

KKR starts infrastructure initiative, hires banking expert

KKR has recruited George Bilicic, a Lazard banker, who advised the firm on its $45bn TXU buyout, as it plans to launch a $5bn infrastructure fundraising, according to a report.

Sponsors help banks ease leveraged loan write-down pain

Financial sponsors negotiating block purchases of opportunity loans from banks are being provided with discounted financing. In return for the cheap financing the selling banks are asking for more than the book price of their loans.

Bain & Co boosts UK buyout and financial services teams

The management consultant has recruited three partners to its London office strengthening and diversifying its team.

KKR Financial eyes Alliance Boots debt

The debt investment arm of Kohlberg Kravis Roberts is looking to buy loans related to the Alliance Boots buyout. The syndicating banks are considering providing discounted loans to back the debt sale.

American Capital and European Capital back Candover refinancing

The European Capital deal follows its share buy-back and increased dividend this week, as it reported a first quarter earnings loss related to its introduction of 'fair value' accounting.

Warburg Pincus-backed MBIA posts $2.4bn loss

The troubled monoline insurer had losses largely related to derivative write-downs. The public markets responded positively to the results with the shares rising 6.4 percent.

KKR PEI writes down $251.8m

The global buyout firm’s listed fund’s net asset value declined, but its share price remained steady narrowing its substantial trading discount.

BVCA says 2007 returns higher than expected

The years leading up to 2007 generated rising returns for buyout firms, as investors made use of highly favourable conditions in the credit markets.

Carlyle takes Greek chemicals group private

The global alternative investment firm has sealed its first deal in Greece. It acquired a majority stake in Neochimiki from the public markets, in the latest of Carlyle’s investments in the chemicals sector.

3i buys printing chemicals company for €133m

SG Capital Europe and Quartus are enjoying an exit after just two years, as DruckChemie looks to strong growth in the stagnant printing sector. It was 3i's third deal this week.