There has been an explosion in both the popularity of hedge funds and the amount of capital allocated to them for investments. This means they are increasingly encroaching on private equity territory, says Simon Davies.
KPS Special Situations and Pegasus Partners have already recouped 1.5x their investment in Genesis Worldwide thanks to a unit sale to Mitsubishi-Hitachi Metals Machinery.
New York-based Solera Capital has bolstered its Homegrown Naturals organic food platform with the purchase of Annie’s Naturals, a maker of salad dressings and condiments.
A slump in consumer spending could test the staying power of private equity owners of retail companies in Europe. By Robert Venes.
Thomas H. Lee is reportedly leaving the Boston-based LBO firm he founded with plans to raise a rival buyout fund.
Thomas H. Lee Partners has filed a lawsuit against the former Refco management. The complaint could help shift the public’s perception of the firm from Refco insider to a victim of the futures broker’s deceit.
Silver Lake Partners agreed to take Serena Software private for roughly $1.2 billion, in what has been a busy week for public-to-private transactions.
The European private equity firm has reported realisations of £1.04 billion in the first six months of its financial year, almost double the £603 million realised in the same period of 2004.
Stockholm-headquartered private equity specialist EQT is in the process of raising a €250 million turnaround fund, the first of its kind in the Nordic region.
Michael Pilson of DuPont Capital Management talks to Robert Venes about the role of turnaround, restructuring and distressed funds in his firm’s private equity investment portfolio.