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TA-backed GlobeOp forced to pull float

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.

UK City Minister reassures PE

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.

BarCap recruits buyout star Lovering(2)

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.

BarCap recruits buyout star Lovering

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.

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.