.jpg "Billabong refinancing threatens equity wipeout")
Two private equity-led consortia have dropped buyout bids for the ailing Australian surf-wear retailer, in favour of a refinancing plan that could wipe out shareholders.
.bmp "Praesidian reaches chequered flag")
The private debt fund manager has successfully exited a $7.6 million senior debt investment in indoor go-kart racing operator K1 Speed.
.jpg "EQT moves funds onshore")
The Stockholm-headquartered firm – which is led by Conni Jonsson (pictured) – says it wants to set an example by becoming more transparent.
The firm has provided a mezzanine loan of $2m to water heating company Skyline Innovations.
Alternative sources of debt needed to finance over $10trn of Asian infrastructure, delegates heard at a recent World Bank forum.
/May/News/Nick%20Cavalla80.jpg "Five minutes with Nick Cavalla")
An increasing number of LPs are boosting allocations to debt. Nick Cavalla, chief investment officer for The University of Cambridge Endowment Fund, explains why his fund is one of them.
The firm plans to market its debut CLO in early 2014, says Eckert, who led GSC Group until it collapsed in 2010.
/May/News/1282b0f.jpg "Enterprise hires mezz head")
Boutique microfinance provider Enterprise Ventures has appointed former Bank of Scotland executive Steward McCombe as head of its new £15m mezzanine fund.
.jpg "EU delays Solvency II rules for pensions")
The European Commission will postpone applying Solvency II’s strict capital requirements on pension funds.
The real estate debt arm of Intermediate Capital Group (ICG) is poised to close its third real estate debt fund at its £700m hard cap.