Fund Management

Hedge fund managers are rubbing their hands at the prospect of a rapid increase in loan-to-own opportunities as covenant breaches are predicted to rise, according to the latest research.

Hedge fund managers are rubbing their hands at the prospect of a rapid increase in loan-to-own opportunities as covenant breaches are predicted to rise, according to the latest research.

In the latest example of a private equity firm acquiring a Canadian income trust following a change to Canada's tax policy, Sentinel will pay $57 million to reacquire yarn company Spinrite.

In the latest example of a private equity firm acquiring a Canadian income trust following a change to Canada's tax policy, Sentinel will pay $57 million to reacquire yarn company Spinrite.

In the latest example of a private equity firm acquiring a Canadian income trust following a change to Canada's tax policy, Sentinel will pay $57 million to reacquire yarn company Spinrite.

Dubai International Capital has jointly raised a $300 million infrastructure and energy fund with two other firms as the Middle Eastern investor continues at a frenetic pace.

European mid-market firm Bridgepoint has sold Alliance Medical to Dubai International Capital, as the investment firm continues a flurry of acquisitions.

Dubai International Capital, the Middle Eastern investment firm, has bought Almatis in a secondary deal, with loans at more than six times EBITDA provided by Swiss bank UBS.

Cinven has carried out the third largest secondary transaction since the credit market difficulties began, acquiring Coor Service Management. The seller, 3i, doubled turnover and profits at Coor over three years.

Partners Group’s Frankfurt-quoted fund of funds ended its first day of trading on the London Stock Exchange with a fall in the share price. Partners hopes to narrow the discount to net asset value at which the shares trade.