Toby Mitchenall
Björk has lent her name to a fund which will try to stimulate her nation’s stricken economy by investing in local businesses. The fund will be managed by female-centric financial services firm Audur.
The listed Permira investor has taken a number of measures to boost liquidity, including reducing by £796m its original commitment to Permira’s fourth buyout fund.
Despite a number of stellar performances from the likes of Altor and HitecVision, Nordic fundraising for the first half of 2008 was down more than 50% year-on-year, while investments dropped by around a third.
As unfunded commitments are looking harder to meet, the Euronext-listed fund of funds is receiving increased calls from its managers of distressed funds.
The auction process for the Irish power group attracted acceptable bids, but concerns over their ‘deliverabiliy’ have led Arcapita to put the sale on ice.
The auction process for the Irish power group attracted acceptable bids, but concerns over their ‘deliverabiliy’ have led Arcapita to put the sale on ice.
The auction process for the Irish power group attracted acceptable bids, but concerns over their ‘deliverability’ have led Arcapita to put the sale on ice.
Investment bank Close Brothers is corralling mid-market GPs to acquire leveraged debt owned by Icelandic bank Kaupthing. The debt relates to such buyouts as Coral Eurobet and Merlin Entertainment Group.
A consortium including KKR, Carlyle and Cardinal Asset Management has reportedly tabled a €3bn bid to be part of Ireland’s first bank bailout. JC Flowers is also reportedly in the running to recapitalise Ireland's oldest bank.
The Switzerland-listed fund of funds is selling its stakes in seven private equity funds in order to free up cash for capital calls and further fund commitments.