Private Equity
As Macy’s deals with sluggish sales, Kohlberg Kravis Roberts is reportedly looking to take the US department store retailer private in a $24bn deal.
2 min read · 04 January 2013
Sir David Walker will today publish his initial findings on how to improve transparency in private equity, as the UK industry hopes for some assistance for its embattled public image.
2 min read · 04 January 2013
As ratings agency Standard & Poor’s criticises covenant loose loans for being covenant-lite by the backdoor, a senior banker tells Toby Lewis cov-lite loans will become extinct.
4 min read · 04 January 2013
Greek firm Marfin Investment Group has defied expectations by raising €5.2 billion in a matter of weeks for investments in south-east Europe. It will become the world’s biggest listed investment fund.
1 min read · 04 January 2013
GlobeOp Financial Services, a hedge fund administration business backed by US private equity group TA Associates, has been forced to cancel flotation plans after being hit by a $500 million lawsuit from a disaffected former hedge fund client.
2 min read · 04 January 2013
The troubled refinancing of Dutch retailer Maxeda has fallen prey to the current jitters in the credit markets, despite the KKR-led buyout consortium sweetening the offering earlier this month.
2 min read · 04 January 2013
Investment bank Barclays Capital has appointed veteran buyout manager John Lovering as vice chairman. Lovering has played a key role in some of the UK’s most successful private equity deals, although his stellar reputation has been blemished slightly by the recent travails of Debenhams, the UK retailer he chairs.
2 min read · 04 January 2013
Kitty Ussher, the pro-European UK Labour MP recently appointed as minister for the City of London, has reassured business leaders that the financial services sector – and private equity in particular – will not be subjected to knee-jerk taxation or regulation.
2 min read · 04 January 2013
3i has recruited Andrzej Szostak from Rothschild Group to lead its deal activity in Poland, as it continues to commit more resource to buyouts in central and eastern Europe.
1 min read · 04 January 2013
GlobeOp Financial Services, a hedge fund administration business backed by US private equity group TA Associates, has been forced to cancel flotation plans after being hit by a $500 million lawsuit from a disaffected former hedge fund client.
2 min read · 04 January 2013
