Oliver Smiddy
Emerging markets offer high risks, but higher rewards for the canny private debt investor, writes Oliver Smiddy.
From meagre beginnings Antoine Flamarion and Mathieu Chabran have turned Tikehau Group into a European asset manager of considerable scale. Oliver Smiddy met the pair to discuss the importance of private debt within the context of their broader alternatives platform.
Idinvest has launched two private debt funds in recent months designed to provide investors with an investment strategy to meet their return expectations. Oliver Smiddy met with firm founder Christophe Bavière to talk about the twin fundraisings.
Lone Star’s acquisition of Europe’s largest commercial property earlier this year brought to an end a saga that began in late 2008 with Lehman Brothers’ bankruptcy, writes Oliver Smiddy. The asset has also had a major impact on the French legal system.
.jpg "EFH files for Chapter 11")
The Texan power company, bought by TPG, KKR and Goldman in 2007 for a record $48 billion, has folded under the weight of around $40bn of debt and filed for Chapter 11 bankruptcy.
.jpg "GE and Ares JV agrees £153m deal")
The pair's European Senior Secured Loan Programme has made its seventh investment, a unitranche facility for Alchemy-owned Parkdean.
Numericable’s jumbo high yield bond issue this week set a new benchmark as the biggest to date, and in so doing, provided a welcome insulin spike to the moribund European M&A market.
.jpg "TPG backs Chobani with $750m loan")
The US firm's buyout and credit arms have together issued a $750m second lien loan to the Greek yoghurt-maker.
The firm, headquartered in the shadow of London's St. Paul's cathedral, raised 70 percent more than its initial target and has already deployed half the fund since a first close last February.
.jpg "Alcentra backs French prosthetics group")
The private debt group has provided a unitranche facility as part of a new round of investment in Lyon-based Menix.