PEI Staff

Texas Pacific, Goldman Sachs and Bain Capital have paid $1.5bn for the global fast food chain, a third less than the price agreed in July.

Equity for the E3.7bn acquisition of Legrand is provided by a group of sponsors led by KKR and Wendel and including HSBC, West LB and Goldman Sachs Capital Partners.

The Charme funda, a fund targeting Italian consumer brands and products, has held a first close at E110m.

US private equity house Behrman Capital has paid $122m for the lab testing services division of Irish pharmaceutical business Elan Corp.

Leveraged financiers are bracing themselves for another challenging year. Senior lenders remain focused on fundamentals and the recovery of the high yield market is taking time, with buyers and sellers quarrelling over structural issues. Robin Burnett takes the pulse of the European leveraged debt market.

Limited partners' search for liquidity in private equity has provided structured product specialists with their best opportunity yet to prove they can change the face of the asset class. Expectations are running high, but what's needed next is evidence that private equity securitisation really works. Now is the time for the industry to deliver the deals. Philip Borel reports.

Americas 2003-02-01 Staff Writer <strong>America<br> Monitor</strong><br> <sec level="2"><strong>Leaders of the fee world</strong><br> <bold>The management fee now finds itself the subject of some hostility. Investors question whether this particular f

Europe 2003-02-01 Staff Writer <strong>Europe<br> Deals & Exits</strong><br> <sec level="2"><strong>Klesch buys Dynegy's European unit</strong><br> UK distressed specialist Klesch & Company has bought Dynegy's entire European broadband unit as the st

ACR backs Finnish firm Radionet; Xcellsyz completes £1.2m round; Giza backs $10m second round

Advent International has made its 75th investment in the communications sector with a E100m buyout of a European mobile telecoms clearing business.