Christopher Witkowsky

The largest telephone carrier in Hawaii cited a heavy debt load, increased competition and market turmoil as reasons to seek protection under Chapter 11 while it restructures its business.

The San Francisco-based private equity firm acquired US Silica from Harbinger Capital Partners in a deal including more than $102m in debt.

A recent large acquisition that included a large amount of debt shows that LBOs are not dead -- they just need more participants to be successful, writes Christopher Witkowsky.

While stressing it continues to honour capital calls, CalPERS has said it is not atypical for it to ask GPs to delay requests for funds. The pension has confirmed it sold more than $2bn in private equity holdings on the secondary market last year, including interests in Carlyle and Landmark funds.

While stressing it continues to honour capital calls, CalPERS has said it is not atypical for it to ask GPs to delay requests for funds. The pension has confirmed it sold more than $2bn in private equity holdings on the secondary market last year, including interests in Carlyle and Landmark funds.

Warburg invested $126m in polyester manufacturer Wellman in 2003 but saw the company collapse into bankruptcy in February amid rising raw material costs and a mountain of debt.

Warburg invested $126m in polyester manufacturer Wellman in 2003 but saw the company collapse into bankruptcy in February amid rising raw material costs and a mountain of debt.

KKR's publicly listed debt affiliate made $49m in third quarter profits but will suspend its dividend to preserve liquidity.

A panel of private equity insiders, including DLJ Merchant Banking chair Nicole Arnaboldi and Carlyle's Jonathan Colby, agreed the buyout industry is in for more pain but sees US deal activity regaining momentum sometime next year.

KKR's publicly listed debt affiliate made $49m in third quarter profits but will suspend its dividend to preserve liquidity.