Nicholas Lockley

John Stomber, chief executive of Carlyle Capital Corporation, has apologised to shareholders about poor communication of portfolio troubles as its parent makes its second loan in a week.

French bank Société Générale, having failed to syndicate a £330 million loan backing Simon Halabi’s acquisition of Esporta from Duke Street Capital, has pulled the plug on the property tycoon’s deal vehicles - although the gyms continue to trade profitably, administrators say.

In an unprecedented step Blackstone has revealed its partners’ tax liability in a rebuttal of a US newspaper report.

The alternative assets manager is capitalising on the booming wealth of the Gulf region with a spate of new buyout, mezzanine and growth capital funds and an almost 50 percent increase in client assets.

The lead underwriters on the financing for KKR’s take private of Alliance Boots are holding back the syndication of £5bn of senior debt, while sweetening the terms of the subordinated tranches to get the deal done.

In a report likely to catch the attention of the UK Parliament’s Treasury Select Committee investigating private equity, the Bank of England has highlighted the increased risk of systemic failure if a large buyout defaults.

The investment arm of SVG Capital has closed its latest structured fund of funds €200 million ahead of target, while introducing innovation in the fund’s gearing.

George Anson, HarbourVest’s managing director in Europe, has warned managers not to be complacent in the face of heightened interest in the asset class from regulators, legislators and unions.

Booming appetite among investors for exposure to credit instruments is fuelling growth at Intermediate Capital Group, one of the largest CDO fund managers. It recruiting to cope with demand.

Growth strategy for Cinven and JP Morgan Partners pays off with sale of Klöckner Pentaplast, a manufacturer of rigid film plastics, to The Blackstone Group in a deal worth €1.3 billion ($1.8 billion).