Toby Mitchenall
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.
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.
Charlie Bott, chairman of Goldman’s European financial sponsors group, is regarded as the first private equity-dedicated banker. He is replaced by John Waldron, previously co-head of leveraged finance.
Having spent the last few years positioning itself as a rapidly maturing market, Spain may yet be thankful for its youth, writes Toby Mitchenall.