Toby Mitchenall
Hot on the heels of its $1.1bn fund close, credit-focused manager Oak Hill has added Alexandra Jung to co-head its European operations.
Leon Black’s firm is close to the halfway mark as it seeks to raise $2 billion to invest in non-performing loans across Europe.
The founder of Terra Firma predicted more pain for the buyout industry as neither banks nor financial sponsors are willing to ‘come clean about their mistakes’ made during the credit boom era.
The troubled firm has now received almost $900m in proceeds from a string of exits in the last 12 months.
A new private banking service is a vote of confidence in the asset class, writes Toby Mitchenall.
Sausage casing maker Kalle has now passed to its third private equity owner in a €213m deal. Bank of Ireland led the €113m financing.
CD&R and One Equity Partners have become the latest private equity firms to dip their toes in the public markets.
The London-listed private equity firm has said reduced competition for deals and the prevalence of distressed sellers are reasons to bolster its dry powder.
As credit processes from UK banks take longer to complete, firms like Dunedin and Gresham are taking debt finance into their own hands.
The buyout giant is negotiating a capital restructuring of BorsodChem, the chemicals business it acquired for €1.6bn in 2006.