Nordic Capital related stories
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CVC injects $175m to keep control of SamsoniteThe European buyout house is the latest financial sponsor to enter negotiations with lenders. Elsewhere, lenders to roofing company Monier are trying to seize control of the business from private equity firm PAI.
- Citi to quit third-party fund placement
The bank, which is currently assisting with fundraising for groups including MBK Partners, Alinda Capital and Citadel, has decided to wind down its private equity fund placement arm by year end. Two of its executives have already been hired by Credit Suisse as part of its asset management division's global expansion.
- S&P: buyouts drive European defaults
Private equity-backed companies, such as Italian yacht builder Ferretti, accounted for 79% of defaulting companies during 2008, according to Standard & Poor’s. Default rates will continue to accelerate, says the ratings agency.
- Nordic Capital’s Plastal crashes
Automotive parts supplier Plastal has filed for bankruptcy amid the auto industry's 'free fall'. Nordic Capital Fund V had invested SEK 1.5bn into the business, which makes plastic interior components for some of Europe’s largest car manufacturers.
- Candover-backed yacht maker defaults
Italian luxury yacht manufacturer Ferretti has become the latest private equity-backed company to miss an interest payment and begin debt facility renegotiations. Candover bought a controlling stake in the firm in 2006.
- Make the first move
Most portfolios have at least one struggling business. It’s up to GPs to instigate a restructuring process before the banks have to step in, writes Toby Mitchenall.
- Gloom spreads to Nordics
Despite a number of stellar performances from the likes of Altor and HitecVision, Nordic fundraising for the first half of 2008 was down more than 50% year-on-year, while investments dropped by around a third.
- Nordic closes €4.3bn Fund VII
The Northern European buyout firm has more than doubled the size of its previous fund, and opened offices in Oslo, Frankfurt and London.
- New Mexico commits $75m to alternative investment funds
The $13bn public pension has committed to private equity funds including Lincolnshire Management and Nordic Capital.
- LP PROFILE - Washington State Investment Board
LP PROFILE 2007-03-01 Staff Writer Head office Tel: +1 360 956 46002100 Evergreen Park DriveFax: +1 360 956 4780P.O. Box 40916www.sib.wa.govOlympia, WA 98502USAASSETS / FUNDS UNDER MANAGEMENT$63 billionYEAR FIRST INVESTED IN PRIVATE EQUITY1981ALLOCATION TO PRIVATE EQUITY / ALTERNA