Up to 80 per cent of the economic capital put into an LBO doesn't come from private equity funds: it is provided by banks as debt. Given the pivotal role leverage has to play, what's the present state of the leveraged finance market? Robin Burnett reports.
US buyout firms are cash rich and pricing looks sweet, but unless the debt markets reopen, dealmaking will remain slow, writes David Snow in New York.
Private Equity International's deal mechanic takes a look under the bonnet of the buyout of Yell, a deal that may yet emerge as European LBO of the year.
Royal London, the £26bn asset manager, has teamed up with industry veteran David MacLellan to raise a £200m private equity fund.
BC Partners, Cinven and Bain & Co are competing for Klöckner Pentaplast, the plastic film manufacturer.
The beleaguered fund plans to cease all activities in December 2004 but in the meantime has law suits, restructurings and attempted exits to sort out.
Down Rounds Syndrome: A Roundtable Discussion 2001-11-23 Staff Writer <i>This week Letter from America is by David J. Blumberg of Blumberg Capital.</i><br><br><a href=http://www.privateequityonline.com/LetterAmerica.asp?ID=1851>Part 1 of this article</a> looked at "Down
The private equity house has reportedly made a £160m offer for UK Coal, Britain’s largest coal producer.
Barclays Private Equity has closed its second deal in a week with the management buy-out of UK-based delivery company Nightfreight.
The latest stage in this long-running saga sees the company making a $1.46 charge per share as a result of writing off $30m from its FLV Fund Korea. It still expects to recoup the capital in a court case.