TCW has joined forces with Swiss RE and Conning & Company to raise a private equity fund for clean energy investment. The fund will also receive backing from the United Nations.
Buyout firm Texas Pacific Group has closed its South Korean office, soon after two rival firms ran into legal difficulties in the country amid a growing backlash against foreign investors.
The International Monetary Fund’s doom-laden warnings about the potential damage to financial markets of a high-profile private equity deal collapse have only worsened the political storm currently surrounding the industry in Europe.
Kohlberg Kravis Roberts’ £10.1 billion bid for Alliance Boots, potentially the largest European buyout to date, has become the latest deal to attract the ire of the UK-based GMB trade union, private equity’s most vociferous opponent.
Australian bank Macquarie has criticised the Alinta board for recommending a rival bid led by Babcock & Brown.
Merrill Lynch has joined forces with Pacific Equity Partners to make its first foray into the Australasian private equity market, with a $659 million offer for credit checking company Veda Advantage.
Following a tax policy change, many Canadian income trusts are exploring sales to private equity firms. Actual deal activity may not live up to expectations. Rob Kotecki reports.
With default rates in the US at historic lows, financial sponsors of leveraged buyouts, as well as the providers of that leverage, are feeling confident about the future. But are seeds of destruction being sown amid the optimism? By Wanching Leong.
Private equity firms are facing unprecedented scrutiny when it comes to transparency and disclosure. Ratings agencies may be able to ease the pressure, argues Paul Watters.
Specialist credit funds have revolutionised the leveraged loan market. But could this mean trouble for the private equity industry when things start to go wrong? James Taylor and Andy Thomson report.