As Tower Records chain files for bankruptcy protection, the music business continues to change. By Aaron Lovell.
Private equity firm American Capital has agreed to provide $21m to bankrupt New York art gallery Berry-Hill, a loan secured by the gallery’s art inventory and real-estate assets.
Charterhouse is set to return £500 million to shareholders with a refinancing carried out by Merrill Lynch less than two years after acquiring the over-50s insurance and leisure group.
Shinhan Financial Group of Korea has narrowly beaten Hana Bank and MBK Partners to a $7 billion acquisition of Korea’s LG Card Co.
MBK Partners, a North Asia-focused private equity manager, is competing with Goldman Sachs, Carlyle and KKR for Taiwan’s top cable TV operator in a transaction estimated to fetch about $1.4 billion.
The level of debt being placed on private equity-backed companies through recapitalisations could undermine their credit ratings, says a new report.
In one of two private equity investments in a professional services firm announced today, the San Francisco-based Hellman & Friedman will take a majority interest of AlixPartners along with the firm’s management.
Returns are strong, financing options are growing and the first mega-deals are in the bag. But as the sun continues to shine on Australia's private equity market, some practitioners are betraying twinges of doubt about the future. Andy Thomson reports.
Cerberus Capital Management has emerged to become one of the most active private equity investors in the world. But the firm's high-profile deals, such as GMAC, contrast with an extremely private culture. How long can the firm avoid the spotlight? Dave Keating reports.
When Miramax founders Bob and Harvey Weinstein launched their new studio, they benefited from increased investor interest in the movie business - as well as their own reputations as hitmakers. By Aaron Lovell.