Although panelists at the IFC’s 10th Global Private Equity Conference in Washington DC are sanguine about their deal flow in the emerging markets, some spoke of seeing a slowdown in the pace of fundraising.
The syndicating banks are now reconsidering the amount they want to sell as the planned £1bn syndication is over-subscribed at the discounted rate of 91 percent to face value. Some of the selling banks are reluctant to meet the demand.
The $15 billion of capital raised or targeted for infrastructure investment this week is one route for investors, managers and their banking partners to escape the credit mire, writes Nicholas Lockley
The European Capital deal follows its share buy-back and increased dividend this week, as it reported a first quarter earnings loss related to its introduction of 'fair value' accounting.
The West and Central African buyout firm founded by Nigerian executives, was largely backed by local investors as well as CDC, the UK government fund of funds.
On a conference call, president Tony James touted his firm’s deal flexibility but said prices are ‘still way too high’ in the middle market.
The West and Central African buyout firm founded by Nigerian executives, was largely backed by local investors as well as CDC, the UK government fund of funds.
TH Lee and Bain will settle litigation with lenders over their previously agreed buyout – after the deal’s debt and equity are put in escrow.
The underwriting banks have provided buyers of quantities of more than £100m with a financing package which could secure them an internal rate of return of around 20 percent over four years.
The firm has hired Aaron Nieman to build an event-driven hedge fund platform targeting the Asia-Pacific region.