Angelo Gordon’s sale-leaseback group has bought the headquarters and main distribution centre of Stampede Meat, a portfolio company of Fairmont Capital, PNC Mezzanine Capital and Sankaty Advisors. The all-equity deal was valued at $14m.
Angelo Gordon’s sale-leaseback group has bought the headquarters and main distribution centre of Stampede Meat, a portfolio company of Fairmont Capital, PNC Mezzanine Capital and Sankaty Advisors. The all-equity deal was valued at $14m.
The implications of the global financial meltdown have not dampened the spirits of South Korean private equity fund managers, who now anticipate a friendlier reception and increased dealflow. Siddharth Poddar reports.
Fundraising: difficult year ahead, but medium term outlook promising * HSBC (Asia) doubles previous fund size IL&FS closes short of target * Unitas Capital closes $1bn short of target * QInvest launches PE fund, puts joint fund on hold * Daiwa abandons ¥500bn fund plans * Haitong teams with Fortis on RMB 3bn fund * Report: RMB 1bn VC fund launch * Rasmala holds $120m first close * Partners Group raises $1.1bn for Asia-Pacific * Report: SAIF Partners raises RMB 1.6bn fund * Mayfield raises $111m for India * Direct Capital launches NZ$250m fund * Hangzhou provides incentives for PE * PE may get to invest in foreign retailers operating in India * * * * * *
Buyouts in China are still elusive, but Hony Capital has amassed a portfolio of 25 control investments already. Chinese institutions and international blue-chip limited partners make up an illustrious funding base. Philip Borel asks founder John Zhao how he did it all.
Vilified by the press over a high-profile deal gone wrong, BC Partners met its critics head on at a rare press conference.
Commentary on the month's hottest private equity stories by Amanda Janis, editor of PrivateEquityOnline
Three recent surveys reveal that investors in private equity funds are hindered by practicalities and frustrated by GP attitudes but excited by long-term performance. Andy Thomson reprts
What lies in store for the 2009 fundraising market? PEI assesses the mood of limited partners around the world and finds out which LPs have risen to the top of the popularity stakes. By Matt Levin
Uncertainty over general partners' ability to draw down capital is yet another unforeseen problem the market crisis has created