Private Equity
Blackstone CEO Stephen Schwarzman said the firm’s LPs reaffirmed their confidence in Blackstone by increasing their commitments in Q3. The firm has a record $33.4bn of dry powder.
2 min read · 06 January 2013
The global firm is plotting its sixth Asian fund, which could be the largest fund raised for the region since the financial crisis.
2 min read · 06 January 2013
Warburg Pincus, KKR and Centerbridge Partners have injected $1bn into Santander Consumer USA, a car financing subsidiary of Grupo Santander.
1 min read · 06 January 2013
The firm has agreed to acquire a portfolio of consumer credit debt from Bank of America’s MBNA unit -- one of the largest issuers of credit cards. AnaCap is positioning to take advantage of banks’ divestment of non-core assets.
3 min read · 06 January 2013
Advent International has invested in cardiovascular treatment company American Heart of Poland, the firm’s 12th Polish investment and 36th in Central and Eastern Europe.
2 min read · 06 January 2013
Goldman’s investing and lending portfolio, which includes around $16bn in private equity and real estate holdings, had negative net revenues of $2.48bn for the quarter.
2 min read · 06 January 2013
LPs are reporting a record number of fundraising extension requests – and may be toughening their stance on issues like ‘key man’ clauses as they make fewer and smaller commitments.
2 min read · 06 January 2013
Bain is set to buy Japanese restaurant chain Skylark in the country’s biggest buyout for two years. CVC Asia Pacific in 2009 reportedly gave up its stake in Skylark so as not to have to repay debt related to the 2006 MBO it led for the same company.
2 min read · 06 January 2013
In addition to hiring a partner in Boston, the Merrill private placement spin-out has added six professionals to its team recently.
1 min read · 06 January 2013
The bank's $956m dedicated mezzanine vehicle, which closed in January, provides financing for private equity deals in which it can also make direct equity investments and co-investments.
2 min read · 06 January 2013
