TowerBrook related stories
All articles and analysis
Monier gets €1bn haircut as PAI loses controlThe roofing business – now owned by Apollo, TowerBrook and York Capital – has rid itself of more than €1bn in debt.
- Straddling the Atlantic
Straddling the Atlantic 2009-03-01 Staff Writer ASSETS / FUNDS UNDER MANAGEMENT€1.7 billion as of 31 Dec 2008ALLOCATION TO PRIVATE EQUITY100%YEAR FIRST INVESTED IN PRIVATE EQUITY1988GEOGRAPHYNorth America50%Western Europe50%Central & Eastern EuropeMiddle East / AfricaAsia PacificLatin AmericaFUND TYPEGen
- Report: Monier slips from PAI’s grasp
Having previously rejected two debt-for-equity proposals by the company’s owner PAI, the lenders to the French roofing business Monier have now reportedly agreed a restructuring deal that will see a group of lenders take control.
- Monier lenders reject PAI equity cure proposal
The lenders to Monier – a troubled roofing manufacturer backed by PAI Partners – have rejected a PAI-led restructuring plan and are formulating their own proposal.
- RREEF to boost private equity activity
Nick Gaynor, Deutsche Bank’s head of financial sponsor coverage for the EMEA region, has joined the subsidiary alternatives firm to lead its charge into direct and co-investments.
- Towerbrook to take the wheel at Autodistribution
Creditors of Autodistribution, the debt-laden French car part distributor, have agreed to write down its debts in exchange for a €110m cash injection by private equity firms Towerbrook and InvestCorp.
- Managing expectations
Fund managers should keep a few things in mind as they face a surge in information requests from LPs, writes Kevin Ley.
- Towerbrook, GI Partners launch $1bn commercial real estate lender
UBS’ former head of global commercial real estate will head Ladder Capital Finance, while Alan Fishman, CEO of Washington Mutual until its collapse in September, will serve as chairman.
- TowerBrook hits $2.75bn hard cap for Fund III
New LPs accounted for half the commitments to the London- and New York-based firm’s second fund since spinning out of hedge fund group Soros Fund Management.
- TowerBrook executes CHF87m Odlo refinancing
The mid-market buyout firm has agreed to a refinancing package – increasingly rare given credit dislocation – for sportswear brand Odlo on terms ‘very similar’ to the senior debt agreement put in place at the time of its original acquisition in 2006.