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When European issuers default on high yield debt, bondholders' claims may be worth very little.
News: Funds 2002-02-01 Staff Writer <b>€2bn Advent fund to focus On Europe</b><br />Advent International intends to invest 70 per cent of Global Private Equity IV, its new €2bn buyout fund, in Western Europe, with the balance going to North America and Asia.<br /><br />?Europe i
Around E360m have already been raised for the new vehicle, which is expected to close at E450m at the start of 2002.
The $50M German corporate venture operation is looking to bolster the logistics services of its parent business Deutsche Post World Net.
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.
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.
The private equity house has reportedly made a £160m offer for UK Coal, Britain’s largest coal producer.
The second round of financing will be used to develop operations in the US and the UK. The Fool is also negotiating a venture in Japan.
The latest stage in this long-running saga sees the company making a $1.46 charge per share as a result of writing off $30m from its FLV Fund Korea. It still expects to recoup the capital in a court case.
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