Private equity veteran Tom Lee said his firm is looking to invest without leverage in both 'good' and 'bad' banks. Meanwhile, Apollo is eyeing various credit opportunities including providing DIP financing and LBO loans, as well as buying debt in companies it 'knows well' like former portfolio company Intelsat.
GPs must aggressively analyse and restructure portfolio companies' capital structures before they reach emergency stages, Marc Rowan said at a conference in Los Angeles yesterday. The private equity industry will be one of the most challenged during this economic cycle due largely to the 'looming' maturity of debt for levered companies, he added.
The buyout giant’s plan to delist its Euronext-traded fund and float on the New York Stock Exchange has once more been delayed due to the tumultuous recent conditions in the financial markets.
The luxury yacht-maker will continue trading under the ownership of founder Norberto Ferretti and its lenders. Candover and Permira, who had until recently owned over 60% of the firm, are out.
The Blackstone spin-out has already held a first close on its second fund to focus on direct venture capital secondaries. It recently acquired stakes in nine new companies including Facebook, Zappos and eHarmony.
The UK’s motorway widening project has been oversubscribed for bank financing, removing the need for government funding.
The turnaround specialist will work with private equity firms to restructure struggling portfolio companies.
Lower fees, smaller funds and lots of GP communication top LP wish lists, writes Amanda Janis.
Despite glimmer of hope that the commercial real estate debt and equity markets will improve over the coming year, property CEOs warn the TALF and PPIP lending programmes must urgently unveil their plans to help real estate.
Retail REIT General Growth has collapsed, and private equity real estate is best positioned to pick up the pieces.
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