Private Equity
Märklin, a 150-year-old German manufacturer of model railway equipment, hopes to continue its restructuring process. The company has been owned by UK private equity firm Kingsbridge Capital and Goldman Sachs since 2006.
1 min read · 05 January 2013
The European private equity firm secured €26.5m of senior debt for Redext from the lenders that originally backed the company in 2005, including Banco Bilbao Vizcaya Argentaria, Banesto and CAM.
1 min read · 05 January 2013
Tech industry veteran Bruce Chizen will advise Permira’s newly established Silicon Valley office and join the board of portfolio company NDS. The firm has also hired Brian Ruder, formerly a partner at Francisco Partners, as it builds its tech team.
1 min read · 05 January 2013
Residential developers are starting to raise prices on distressed housing stock sales in a ‘clear early sign’ that the housing market is reaching the bottom, says property investment company, Assetz. House prices at auctions also appear to have started to plateau since the New Year, according to the same firm.
3 min read · 05 January 2013
3i veteran Cressida Hogg has replaced Michael Queen, who took over as 3i's CEO from Philip Yea earlier this week. 3i's infrastructure arm also said it sold a 31% stake in its Infrastructure Investors fund to Barclays for £164m.
2 min read · 05 January 2013
The Swiss bank’s CHF 599 million in private equity write downs contributed to an overall yearly loss of CHF 1.1bn in the asset management division. Credit Suisse is overhauling its asset management division to focus more on alternatives.
2 min read · 05 January 2013
European buyout and growth capital firm Gimv has appointed Peter Maenhout to head its XL Fund, which is targeting €750m.
1 min read · 05 January 2013
The commitment is the UK firm’s first in Asia since opening an office last month in Hong Kong.
1 min read · 05 January 2013
A mortgage company has teamed with a title company to launch First Equity Capital, a fund ‘to stem the tide of foreclosures and delinquencies’ in the US housing market. In December, more than 300,000 home owners filed foreclosure in the US.
2 min read · 05 January 2013
Investcorp has become the latest firm to take cost-cutting measures as it plans to lose 90 staff, representing 20 percent of its workforce.
1 min read · 05 January 2013
