Amanda Janis
Vestar Capital has sold Birds Eye seven years after leading a $175m recap of the frozen food company. It marks Blackstone's fourth US private equity deal this year.
Campbell Lutyens has brokered a secondary restructuring transaction of Swiss-listed APEN, formerly known as AIG Private Equity.
The 'realignment of interests' was a theme repeatedly raised at the London conference Wednesday, with one investor noting LPs, too, must increase transparency.
The lenders will anchor the German yacht maker with a €55m investment and write down most of its debt. Bain bought Bavaria for €1.3bn in July 2007.
Jon Moulton’s resignation letter to LPs boldly advises winding down the firm’s non-traditional fund and breaking up the portfolio – a suggestion not lost on rivals and secondary investors.
The European private equity firm will combine German lab service provider Synlab with Austrian FutureLAB. Its last German deal was in December 2008.
The listed fund of funds surpassed its target, selling shares at or above its current stock price.
Less than two weeks after buying a Maltese bank, the FIG-focused firm has inked a deal for the invoice financing division of debt-laden subprime lender Cattles.
The FIG-focused firm is deploying a recently closed €575m fund, having in May become the first private equity firm to buy a UK bank.
Appu Mondassery, Highland Capital's former London head, will steer the HIG affiliate's European distressed debt activities including debt-for-equity restructurings.