Private Equity
Israel-focused venture firm Benchmark Capital has closed its $250m Fund II while Israel’s Carmel Ventures has raised $200m for its second fund.
2 min read · 30 December 2012
The global venture capital firm has announced the purchase of a 50 percent stake in oil service newco RBGltd, and a €3.1m investment in Norwegian water treatment company Epcon Offshore.
2 min read · 30 December 2012
In March, Blackstone's €3.1bn landmark public-to-private of German chemicals group Celanese almost hit a wall when hedge funds refused to tender their shares. PEI's Deal Mechanic explains why
3 min read · 30 December 2012
The securitisation of UK motorway services group Welcome Break in its buyout from Granada by Investcorp in 1997 was hailed as another example of how this technique was empowering sponsors. Today's acrimonious war of nerves between the company's equity sponsor, bondholders and in particular a hedge fund suggests that not all securitisation works though. The Deal Mechanic investigates why
6 min read · 30 December 2012
