Toby Mitchenall
The roofing business – now owned by Apollo, TowerBrook and York Capital – has rid itself of more than €1bn in debt.
The listed debt investor has launched a fully underwritten rights issue and has raised €475m for its 2008 Recovery Fund.
Martin Halusa has outlined his firm’s plans for a world with less leverage in the firm’s second annual report.
As the muted market for IPOs shows some tentative signs of life, buyout house KKR has unveiled an agreement with Fidelity to open up new retail distribution possibilities.
The deals of tomorrow will have a retro feel, writes Toby Mitchenall.
The European buyout house is the latest financial sponsor to enter negotiations with lenders. Elsewhere, lenders to roofing company Monier are trying to seize control of the business from private equity firm PAI.
Despite making a loss of £67m, ICG Group is upbeat about market opportunities and foresees a mid-1990s-style recovery, with local players doing deals with local banks at ‘reasonable’ rates of leverage.
The healthcare, pharmaceutical and beauty group – one of Europe’s most iconic buyouts of the credit boom years – has grown its revenue and profits over the last 12 months.
The buyout giant’s plan to delist its Euronext-traded fund and float on the New York Stock Exchange has once more been delayed due to the tumultuous recent conditions in the financial markets.
The luxury yacht-maker will continue trading under the ownership of founder Norberto Ferretti and its lenders. Candover and Permira, who had until recently owned over 60% of the firm, are out.