Toby Mitchenall
The situation at PAI does not signify wider large cap woes, writes Toby Mitchenall.
As stakeholders discuss what to do with the firm’s suspended €3bn 2008 fund, Candover has lost control of laboratory business ALcontrol to GSO Capital.
Multiples paid for mid-market companies have been falling for two years, but buyout activity has yet to pick up, says a new study.
A bubbly stock market has generated a clutch of potential IPOs, but the window will not be open forever.
After a year in which almost half of them scaled back their allocations to listed private equity stocks, wealth managers in Europe are starting to look again.
Stephan Wilcke, who used to lead Apax Partners financial services investments in Europe, has been hired by the Treasury to run its safety net for risky bank assets.
Against a ‘fragile’ economic backdrop, the listed firm continues to sell assets and invest only in existing portfolio companies.
Hot on the heels of its $1.1bn fund close, credit-focused manager Oak Hill has added Alexandra Jung to co-head its European operations.
Leon Black’s firm is close to the halfway mark as it seeks to raise $2 billion to invest in non-performing loans across Europe.
The founder of Terra Firma predicted more pain for the buyout industry as neither banks nor financial sponsors are willing to ‘come clean about their mistakes’ made during the credit boom era.