The syndication of the remaining tranche of Alliance Boots debt could take up to a year after a double blow to the company.
The liquidity problems in the debt markets did not restrain record third quarter figures in the UK as deals were signed before the beginning August. However, big four accountant Deloitte said it expects few deals to complete in the next quarter.
Lightyear Capital has acquired the UK operations of German insurance company Württembergische Versicherung, after ensuring the company could become a member of Lloyd’s of London.
VSS has agreed to pay $185 million for direct marketing company TRANZACT, generating for its owner, Halyard Capital, a return of 12 times its investment and an 85 percent IRR.
US bank Citi is considering backing a leveraged loan debt vehicle set up by US buyout firm Kohlberg Kravis Roberts to take advantage of the $300 billion leveraged loan backlog.
European Capital, the listed debt and equity provider, has acquired a stake in French double glazing company Devglass, ensuring a consistent investment pace this quarter.
European buyout firm Cinven’s £2 billion bid for two divisions of media group Emap is the second largest new offer since debt market turmoil decimated the market for leveraged loans.
The Carlyle Group has successfully wooed Coates Hire, an Australian equipment rental company with the third offer it has tabled together with National Hire Group. The transaction, which values Coates Hire at A$1.7 billion, is the largest buyout in Australia this year.
US buyout firm Saratoga Partners has added Auer Lighting to its portfolio business Advanced Lighting Technologies, which it bought out of bankruptcy in 2003.
Kabir Misra is in charge of a new Softbank affiliate that is making its mark across Asia.