News & Analysis

Buy-out financiers are turning to mezzanine providers as high yield issuance and bank lending dry up, study says.

The rating agency has launched a CDO performance assessment programme in a move welcomed by CDO managers.

Up to 80 per cent of the economic capital put into an LBO doesn't come from private equity funds: it is provided by banks as debt. Given the pivotal role leverage has to play, what's the present state of the leveraged finance market? Robin Burnett reports.

US buyout firms are cash rich and pricing looks sweet, but unless the debt markets reopen, dealmaking will remain slow, writes David Snow in New York.

Private Equity International's deal mechanic takes a look under the bonnet of the buyout of Yell, a deal that may yet emerge as European LBO of the year.

Royal London, the £26bn asset manager, has teamed up with industry veteran David MacLellan to raise a £200m private equity fund.

BC Partners, Cinven and Bain & Co are competing for Klöckner Pentaplast, the plastic film manufacturer.

The beleaguered fund plans to cease all activities in December 2004 but in the meantime has law suits, restructurings and attempted exits to sort out.

Intermediate Capital Group (ICG) has closed a new E450m leveraged loan fund, Promus I, despite difficult market conditions and a downturn in results.

Down Rounds Syndrome: A Roundtable Discussion 2001-11-23 Staff Writer <i>This week Letter from America is by David J. Blumberg of Blumberg Capital.</i><br><br><a href=http://www.privateequityonline.com/LetterAmerica.asp?ID=1851>Part 1 of this article</a> looked at "Down