Apax Partners related stories
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Banks can’t say no to an LBOStandard & Poor’s has warned of the ’extreme’ average price for a leveraged buyout, which has hit a record high in an aggressive market.
- EMI and Permira talks collapse
Permira’s takeover bid for EMI has been rejected, sending shares in the group up 3.25p to 271p today.
- US buyout groups join BVCA
Bain Capital, Blackstone, Carlyle and KKR have signed up to the BVCA, a UK trade body, as the industry continues its charm offensive.
- Charterhouse refinances Saga ahead of flotation
The London-based buyout firm is understood to have recouped its equity investment in over-50s leisure and finance company Saga.
- Kohlberg scoops IR talent from Canadian pension
Dominique Hansen, a vice president at OMERS Capital, is slated to join mega-buyout firm Kohlberg Kravis Roberts next month.
- Sir Ronald Cohen to launch alternative asset manager
The founder of Apax Partners is courting investors for a new alternative asset management business, Portland Capital, reportedly in partnership with Lord Rothschild.
- Fitch says Focus debt burden is “unsustainable”
The ratings agency has downgraded £100m of mezzanine loans for Focus, a do-it-yourself retailer owned by Duke Street Capital and Apax Partners, over the increased possibility of a default.
- Apax, KKR abandon Signet Group bid
Apax Partners and Kohlberg Kravis Roberts, two buyout firms, have quashed the possibility of an offer for Signet Group, a jewellery retailer with stores in the UK and US.
- CD&R strengthens London team
Clayton, Dubilier & Rice, a US private equity firm, has appointed Marco Herbst as a senior principal in its London office.
- Kelting to head European leveraged finance at Barclays
David Kelting, the joint head of Barclays Capital’s sponsor origination team, has been promoted head of European leveraged finance, replacing Chris Coles, who is going on sabbatical.