Despite being targeted at stock markets with apparently voracious investor appetite, some recent European private equity-backed new issues have been forced into sharply lowering their price expectations. Andy Thomson looks at what's sparking investor resistance.
How do you steer an LP super tanker through the sometimes choppy waters of global private equity? In October,Wim Borgdorff, head of fund investment at AlpInvest Partners, spoke to Philip Borel about the challenges facing Europe's largest limited partner.
Apollo and Texas Pacific face excruciating regulatory approvals in their $15.5bn buyout bid for Harrah's.
FIRST ROUND 2006-11-01 Staff Writer Here's a tip for the GP who needs to close a deal in a timely manner – be pregnant. This pressure tactic worked brilliantly for Raquel Vargas Palmer, a principal at New York-based distressed investor KPS Special Situations Fund. Palmer, who led the firm in its turnaround a
Lawton Fitt, who became the first female partner in Goldman Sachs’ equity division in 1994, has been hired by distressed-investment firm GSC Partners as a senior advisor and as a member of the firm’s board of advisors.
The affiliate of publicly traded buyout firm American Capital will expand its European franchise beyond its initial London and Paris footholds.
The private equity real estate firm has signed a pre-let with Zurich Italia in what has been billed as the most important leasing transaction in Italy in the last five years.
Ripplewood Holdings, a US private equity firm, and Videoncon Industries, an Indian strategic partner, have won the race to acquire Korea’s Daewoo Electronics in a transaction worth a reported $700 million.
The ratings agency has downgraded £100m of mezzanine loans for Focus, a do-it-yourself retailer owned by Duke Street Capital and Apax Partners, over the increased possibility of a default.
Blenheim Advisors’ latest research advises clients to ensure they get the most leverage for the best terms, before default rates cause the European debt markets to tighten. By Nicholas Lockley.