Jennifer Harris
Several US investment banks this week revealed billions in losses stemming from unsyndicated leveraged loans, while a new study has found Lehman Brothers is significantly more overextended than its peers.
Recent disclosure of the US pension fund's $75 million allocation to a Carlyle-backed hedge fund has provided information as to the fund's structure and mandate.
Private equity legend Ted Forstmann is returning to active investment, after winding down his own firm in 2004. He is raising a $250 million media and entertainment fund with Chris Albrecht, formerly the head of HBO.
KKR’s negotiations with underwriters of the First Data deal -- the second such mega deal for which banks have had difficulty syndicating the debt -- will be a harbinger of things to come, says Dechert attorney Scott Zimmerman.
The financial services-focussed US buyout firm’s investment will fund the launch of a new investment arm, Kessler Capital Corporation.
Metalmark has sold Cantera Natural Gas, a portfolio company it created through a series of acquisitions, to Copano Energy.
KKR is reportedly unlikely to yield much on debt terms.
Lone Star said in a letter to Accredited Home Lenders today that it would loosen the closing conditions of the deal if Accredited agrees to cut its price from $400 million to $225 million.
Home Depot has agreed to accept $1.8 billion less than previously agreed in the sale of its HD Supply unit to Carlyle, Bain and Clayton, Dubilier & Rice.
Private equity generated the highest return of VRS’ assets, outperforming the overall fund by 11.6 percentage points.