Private Equity
Clarion Capital Partners has emerged as the winning bidder for fine china maker Lenox, after the reopening of the process by a bankruptcy court allowed the private investment firm to trump an earlier winning bid by KPS Capital Partners.
1 min read · 05 January 2013
The reductions follow the 1,000 jobs that the Australian investment bank eliminated between September and January. Macquarie Capital Advisors lost the most staff, according to sources.
2 min read · 05 January 2013
The London-based firm is set to take up to an 18% stake in the clothing retailer by buying a portion of the company’s second lien debt. The debt is held by a fund associated with computer billionaire Michael Dell.
2 min read · 05 January 2013
The turnaround firm purchased a larger stake in Accuride, a US autoparts maker and former KKR portfolio company, in a $70m transaction through the company’s senior secured term loan.
2 min read · 05 January 2013
The Los Angeles-based firm has added the State of Connecticut and Credit Suisse to its list of investors.
1 min read · 05 January 2013
The UK-listed private equity frim is reportedly considering a move into investing in debt instruments. Other firms which have recently moved to take advantage of credit opportunities include Providence Equity Partners and BC Partners.
1 min read · 05 January 2013
The Canadian door maker has filed a pre-arranged bankruptcy in which the majority of the company’s creditors are supporting the restructuring plan. KKR, which has lost its equity stake of $429m in the company, took part in planning the restructuring.
2 min read · 05 January 2013
Robert Redmond, who also advised on the private equity buyouts of First Data Corp and TXU, will join as vice chairman to build its North American operations. It comes as parent Macquarie Group initiated a second round of global staff cuts, which have hit Macquarie Capital hardest.
1 min read · 05 January 2013
Russian steelmaker Novolipetsk Steel will pay the buyout firm less than half the maximum possible damages for withdrawing from the $3.53bn acquisition of John Maneely, a deal struck last August.
2 min read · 05 January 2013
The UK’s secretary of state for business, Peter Mandelson, last night urged BVCA members to help drive UK economic growth by backing entrepreneurial start-ups and growing SMEs ‘into world beaters’. He also addressed the industry’s efforts to battle negative public perception, noting it had surpassed its ‘pain threshold’.
2 min read · 05 January 2013
