Private Equity
The alternative asset manager has secured €25m in project financing for a solar project in Puglia, Italy. WestLB and Barclays acted as mandated lead arrangers on the transaction, which represents Foresight’s third deal in the sector so far this year.
1 min read · 05 January 2013
London-based 17Capital has inked its debut deal, providing €30m of mezzanine finance to Altamir Amboise, a French-listed vehicle linked to Apax Partners France.
2 min read · 05 January 2013
The European mid-market player is close to making the first investment from its latest fund. It is in exclusive talks to seal German business Kalle in what would be a tertiary buyout.
1 min read · 05 January 2013
The roofing business – now owned by Apollo, TowerBrook and York Capital – has rid itself of more than €1bn in debt.
2 min read · 05 January 2013
The UK government has decided to put the partial privatisation of the Royal Mail on hold in the current market downturn, as a sale in today’s market would not ensure value for taxpayers, according to business secretary Peter Mandelson. CVC had reportedly offered £2bn for a stake in the state-owned mail service but was rebuffed.
1 min read · 05 January 2013
The sovereign wealth fund and the distressed debt specialist will restructure $1bn of the company’s debt, as well as inject fresh capital. Private equity firms like Advent International and The Blackstone Group have reportedly expressed interest in backing Almatis’ debt restructuring as well.
1 min read · 05 January 2013
Gala Coral, the struggling gaming company owned by Permira, Cinven and Candover, is not the only private equity-backed business cutting staff: a recent survey shows the vast majority of GPs are slashing operating costs to improve portfolio company performance.
2 min read · 05 January 2013
The Chicago-based firm has been busy in the market downturn, spending nearly $500m in the past few months to set up platforms for medical devices and pharmaceuticals.
2 min read · 05 January 2013
The listed firm’s financial footing has been bolstered by the £553m sale of Wood Mackenzie, one of several factors reducing its need to sell the business to reported potential buyers like Coller Capital.
2 min read · 05 January 2013
Struggling small- to mid-cap European companies in need of convertible debt and structured equity will bet the focus of the Marwyn Alternative Capital Fund, which will be chaired by UK business grandee Nigel Rudd.
2 min read · 05 January 2013
