Private Equity
Former ABC Broadcasting president Robert Callahan and former Altria Group chief financial officer Dinyar Devitre have joined the global growth equity firm to identify and advise portfolio companies.
2 min read · 04 January 2013
The global buyout giant continues its high-profile hiring spree with the addition of James Burr to its financial services unit, which is reportedly raising a fund targeting more than $1bn.
2 min read · 04 January 2013
The global private equity firm, which has eight offices throughout Asia, has appointed Sunil Kaul as an operationally-focussed senior director as Carlyle seeks to raise its third Asian buyout fund targeting $2bn.
2 min read · 04 January 2013
The Seoul High Court has reversed a lower court's decision that convicted the US private equity firm of manipulating the stock price of the credit card division of the Korea Exchange Bank; the decision brings Lone Star one step closer to a $6.3bn sale of its stake to HSBC.
2 min read · 04 January 2013
The bill, which would more than double federal taxes on carried interest, faces an uphill battle in the Senate. Senate Finance Committee Chairman Max Baucus asks 'why go through the motions?' if the carry provision is doomed from the get-go.
2 min read · 04 January 2013
LinkedIn, SodaHead, Twitter and I’m In Like With You are among the most recent companies to receive backing in the increasingly crowded social networking sector.
3 min read · 04 January 2013
Balderton Capital is boosting its line-up again. The firm is back up to full strength after the departures this year of Ynon Kreis and George Coelho.
2 min read · 04 January 2013
The European buyout firm’s chief executive, Björn Savén, has become executive chairman.
1 min read · 04 January 2013
Robert Willumstad, who last year co-founded Brysam Global Partners, a private equity firm that invests in emerging markets financial services, is now both AIG's board chairman and chief executive.
1 min read · 04 January 2013
PIK structures, frequently found in LBO-related debt offerings and currently being exercised by firms including KKR, Bain and Permira, may be staving off inevitable default to the detriment of debt-holders, according to Standard & Poor’s.
2 min read · 04 January 2013
