Philip Borel

The most extraordinary events we've ever seen

Private equity is well positioned to cope with the credit crunch, but its main worry is what comes afterwards, writes Philip Borel.

Forward-looking fund managers are preparing their portfolio companies for life in a deteriorating economic and financial climate, delegates at PEI’s Asia Forum in Hong Kong learned.

Private equity investors investing in infrastructure need to manage their public image carefully.

Michael Smith, chairman of CVC Capital Partners, likes to keep his cards close to his chest and has so far minimised contact with the media. In August, he met for a rare interview with Philip Borel to discuss the prospect of a downturn, staff compensation, public relations and the rise of listed private equity.

Stockholm-headquartered private equity specialist EQT is in the process of raising a €250 million turnaround fund, the first of its kind in the Nordic region.

Michael Pilson of DuPont Capital Management talks to Robert Venes about the role of turnaround, restructuring and distressed funds in his firm’s private equity investment portfolio.

Michael Pilson of DuPont Capital Management talks to Robert Venes about the role of turnaround, restructuring and distressed funds in his firm’s private equity investment portfolio.

Bridgepoint has used its £189 million (€291 million; $377 million) refinancing of its investment in Pets at Home to pay off £20 million of mezzanine debt and pay itself a £70 million dividend.