Suzanne Weinstock
Department store Mervyns, bought in 2004 by Cerberus Capital Management and Sun Capital Partners for $1.2bn, will liquidate after filing for bankruptcy protection in July.
Department store Mervyns, bought in 2004 by Cerberus Capital Management and Sun Capital Partners for $1.2bn, will liquidate after filing for bankruptcy protection in July.
$1tr in leveraged loans has been affected by the collapse in investment banking, which has left the sector with far fewer sources of lending than before.
American International Group will retain core business lines while entertaining the divestiture of all remaining units. The embattled insurance company plans to sell as many assets as necessary to repay its $85bn loan from the US government.
Olympus Partners has used $110m of equity from its $1.5bn fifth fund in the buyout of Norwesco from publicly listed Allied Capital.
Private equity-backed M&A has steeply declined both in terms of total volume and as a percentage of M&A worldwide.
Private equity-backed M&A has steeply declined both in terms of total volume and as a percentage of M&A worldwide.
The US government agency has made its largest renewable energy investment to date via commitments to to six global private equity funds including Middle East & Asia Capital Partners and US Renewables Group.
The US government agency has made its largest renewable energy investment to date via commitments to to six global private equity funds including Middle East & Asia Capital Partners and US Renewables Group.
Recent deals and proprietary PEI research show the asset class continues to bet on pockets of the retail sector, despite gloomy consumer confidence, writes Suzanne Weinstock.