Suzanne Weinstock
The Florida-based firm’s portfolio company Kellwood has finalised a $179m divestiture, selling off two brands to a newly created Sun Capital platform company to repay its debt.
A South Korean court cleared bank and government officials of price manipulation in the $1.2bn sale of Korea Exchange Bank in 2003 to the US private equity firm. Lone Star has lost two agreements to sell its stake at an enormous profit as the result of ongoing lawsuits.
A South Korean court cleared bank and government officials of price manipulation in the $1.2bn sale of Korea Exchange Bank in 2003 to the US private equity firm. Lone Star has lost two agreements to sell its stake at an enormous profit as the result of ongoing lawsuits.
The Cerberus-owned company has launched a $38bn debt restructuring to shore up its capital base to meet regulatory requirements necessary to become a bank holding company.
The firm has closed a venture only fund after having a hybrid private equity and venture model in place since 1991.
Lehman Brothers Private Equity Partners, which is unaffiliated with the collapsed investment bank, saw its losses for the year nearly double during the month of October.
Lehman Brothers Private Equity Partners, which is unaffiliated with the collapsed investment bank, saw its losses for the year nearly double during the month of October.
The Cerberus-backed auto financing company plans to restructure its debt in an effort to become a bank holding company and qualify for federal aid.
Liquidity concerns have pushed LPs to the secondary market amid default anxiety, but the likelihood of major defaults looks slim, writes Suzanne Weinstock.
A report from Moody's Corporate Finance reveals an increase in private equity-backed companies that are electing to use their payment-in-kind option to make interest payments.