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PEI Asia is proud to announce the Asian and ‘rest of world’ winners of the ninth annual PrivateEquityOnline.com and Private Equity International awards.
Fred Eckert is chairman and CEO of GSC Partners, an investment group that already is active in CDOs, distressed investing and European mezzanine finance. He spoke to Private Equity International about the products, the people and the plans shaping this business.
The New York-based private equity firm has taken the unusual step of suing two of its smaller LPs – Chalice Fund and WK CG Investments – for allegedly defaulting on capital contributions to three funds.
Vivek Paul, a former TPG Ventures partner and CEO of Wipro Technologies, has set up his own private equity firm and has reportedly started raising capital for a $400m fund.
The San Francisco-based secondary specialist estimates some $5bn in venture secondary assets are up for grabs.
The Canadian door maker has filed a pre-arranged bankruptcy in which the majority of the company’s creditors are supporting the restructuring plan. KKR, which has lost its equity stake of $429m in the company, took part in planning the restructuring.
Euronext-listed fund of funds Lehman Brothers Private Equity Partners is changing its name to NB Private Equity Partners and will help its bankrupt parent company unload 14.5 million shares in secondary transactions beginning in mid-2010.
Natixis Capital Partners has closed its third fund on €420m for investment into corporate real estate in Benelux, France, Germany, Italy and Spain.
Fresh from raising nearly €1bn for its eighth mid-cap fund, the French private equity firm is aligning itself to take advantage of market dislocation. It is also raising its third small-cap fund.
The mega-firm acquired Masonite in 2005 in a deal valued at C$3.1bn, using about $429m in equity. Masonite’s fortunes began to turn last year as the US housing market declined.
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