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.
Homegrown firms operating in the European LBO market account for the bulk of fees paid to investment banks so far this year, according to figures from Thomson Financial and Freeman & Co.
The Nordic-based private equity firm has completed its sixth deal in the Benelux region, acquiring two subsidiaries from the retail multinational.
The CEO and president of Broder Bros. have both given their notices at the Bain Capital portfolio company. Bain’s Thomas Myers will fill in on an interim basis.
The Central and Eastern Europe focused firm has fully divested its stake in the Slovakian mobile operator.
Welsh Carson Anderson & Stowe recapitalised Titan Worldwide, investing in a deal that will allow existing investor Catterton Partners to cash out of its five year investment.
After eight years and a bout with bankruptcy, Heritage Partners has sold Skilled Healthcare to Onex Corp., realizing a roughly 3x return on the investment.
Trumpeting what the firm describes as an overall 27% gross IRR, Kohlberg Kravis Roberts has wrapped up the fundraising for its second European vehicle, closing €1.5bn over target with the €4.5bn fundraise.
After roughly six months of negotiations with Goldner Hawn Johnson & Morrison, ShopKo has agreed to be acquired by Sun Capital Partners in an $877m deal.