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Cov-lite and Cov-loose every time

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.

Marfin hits €5.2 billion target(2)

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.

Marfin hits €5.2 billion target

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.

KKR eyes Macy’s(2)

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.

Investcorp to acquire US packaging company(2)

Bahrain-based Investcorp will buy a majority stake in Berlin Packaging, just weeks after the first close on its latest fund.

Investcorp to acquire US packaging company

Bahrain-based Investcorp will buy a majority stake in Berlin Packaging, just weeks after the first close on its latest fund.

Venture firms toast $625m Postini sale to Google

Six venture firms have sold their stakes in Postini to Google, the search engine company’s third biggest acquisition in its history.

Industry awaits Walker recommendations(2)

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.

KKR to compete with investment banks(3)

One of the biggest fee-payers on Wall Street, IPO-bound KKR plans to increase revenue by cutting out investment banks as syndication middlemen.

TPG hires ex-Dell CEO

Former Dell president and chief executive officer Kevin Rollins, who left Dell in January, has joined TPG Capital as a partner.