Toby Mitchenall
The French firm's consolidated revenues have surpassed €4bn for the first time. Debt levels are not a concern either at portfolio or group level, the firm has said.
Almost half of the banking giant’s £10.4bn leveraged loan book comprises loans relating to the take-private of Alliance Boots and the AA Saga merger. The bank is holding the loans, rather than selling ‘into an unwilling market’.
Guy Hands this week knocked deals done between financial sponsors. Toby Mitchenall explores the issue.
Market turmoil has forced the Italian private equity firm to stop marketing its fifth fund, launched in September. The firm's Fund IV recently acquired Tiscali's international internet business.
A Germany- and Dubai-listed investment firm has capped off a torrid 2008 with a restructuring agreement that will ‘secure the company’s future’.
Last year saw $132bn worth of deals fall through and total volumes down 71% on 2007’s figures.
Most portfolios have at least one struggling business. It’s up to GPs to instigate a restructuring process before the banks have to step in, writes 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.