Industry figures have come out in defence both of financial engineering and the range and diversity of the asset class saying it does not depend on leverage for returns.
The UK mid-market firm has paid only a seven times profit multiple to acquire an engineering company dependent on the oil and gas sector.
The San Francisco-based Kimpton Group has closed its latest real estate fund saying its luxury brand will help secure its expansion over the next three years.
Google luminary Douglas Merrill has been recruited by Terra Firma to oversee EMI’s digital music strategy in a newly formed digital music division, as the UK buyout firm’s cost-cutting continues apace.
The pension’s overall annual return of 4.5 percent – its lowest return in five years – was boosted by alternatives. Teachers’ annual report said real estate was the highest performing asset class returning 14.7 percent.
The former CEO of Credit Suisse asset management, David Blumer, will be replaced by Rob Sharif after taking up a new role as head of financial markets at Swiss Re.
The pension’s lowest annual return for five years was boosted by alternatives, despite private equity returns falling by almost two-thirds. Teachers’ also faces a $587 million break-up fee if the BCE transaction fails to close.
As speculation grows about the likely (under-) performance of leveraged deals struck over the last couple of years, Andy Thomson finds it is a question of what's in the portfolio.
The number of companies being exited into receivership rose to it highest level in four years as the average value of buyout firm exits dropped by slightly more than 25 percent.
The potential for private equity growth in the Middle East is undeniable. Opportunities to invest abound. Capital is plentiful. But people are in short supply. Nicholas Lockley looks at how the region is tackling the human capital issue.