Switzerland's LP are not the type to panic in the face of credit market turmoil, writes James Taylor. And on p. 85, Toby Lewis reports on current trends in the Swiss buyout market.
SEIZING THE MOMENT 2007-10-01 Staff Writer For a man who describes himself as “a natural bear”, Jon Moulton is remarkably bullish about his firm's prospects for the coming months – despite the recent volatility in global debt and equity markets.<br> <br> Although he is unwilling to call the top
Ten years ago, some of the largest firms got creative when debt became scarce – with disastrous results.
?PRIVATE EQUITY PROTEST 2 2007-10-01 Staff Writer Meanwhile, Yorkshire-based climate campaigners decamped to the London office of mid-market GP Bridgepoint to make clear their objection to any expansion of Leeds-Bradford airport, which Bridgepoint acquired for £146 million (€214 million; $297 million) in May
PRIVATE EQUITY PROTEST 1? 2007-10-01 Staff Writer Someone at the Service Employees International Union must have felt the need to enliven the union's continued anti-private equity crusade with some levity – or perhaps they just really needed a day at the beach.<br> <br> In late August, America'
Editor's letter 2007-10-01 Staff Writer Amid the fevered press coverage of the credit crunch, the sentiments of an anonymous investment banker quoted by the UK's <italic>Sunday Times</italic> perhaps best sum up the mood: “People are spooked, there is a feeling that there are some surprises out t
The US private equity mid-market – made up of hundreds of firms but controlling only half the capital in the market – has been somewhat insulated from the turmoil of the megafund deal market. While it faces an altered landscape, the mid-market's challenges are being offset by greater interest from foreign strategic buyers as well as returns-minded LPs. David Snow reports.
European venture capital has had a bad press which, on the basis of its long-term performance, appears largely justified. Andy Thomson canvasses LPs for their current views of the space.
An examination of the 1998 vintage year for buyout funds shows weak returns, on average. But the so-called credit crunch of that year had little to do with this underperformance. Those worried about the performance of the current vintage year should pay more attention to the economy and to the skills of individual GP groups, reports David Snow.
Stub equity may help push through the Clear Channel Communications take-private bid. Toby Lewis examines the pros and cons.