Turnaround/Special Situations
The pitfalls of turnaround investing
Turnarounds are in the news once again, with the decision by specialist investor OpCapita to put struggling electricals retailer Comet into administration. Last week, Deloitte took over the administration of the business, and on Monday made over 300 staff...
The pitfalls of turnaround investing
Turnarounds are in the news once again, with the decision by specialist investor OpCapita to put struggling electricals retailer Comet into administration. Last week, Deloitte took over the administration of the business, and on Monday made over 300...
Rutland backs Buy As You View MBO with £33.1m
Rutland Partners has invested £33.1m in British retail and consumer finance business Buy As You View (BAYV), supporting its MBO from a bank syndicate.
DACH region turns a corner
DACH region turns a corner
Atlantik acquires insolvent Pfleiderer
Luxembourg-based turnaround specialist Atlantik has acquired insolvent German wood laminate maker Pfleiderer.
French turnarounds suffer from narrow GP base
As in most European countries, one could have thought that the morose economic environment would be a boon for French turnaround specialists.
Better Capital buys Everest for £25m
Turnaround specialist Better Capital has acquired a 95% in stake in UK-based home improvement products manufacturer Everest in an all-equity, £25m transaction.
Turnaround fund Roogreen Ventures launches
Brian Davidson and Warwick Ley have established Roogreen Ventures, which will specialise in capital restructuring and turnarounds.
Butler Capital takes over Anovo
Turnaround specialist Butler Capital has been chosen to take over Anovo, a French provider of after-sales support solutions for high-tech products, from administration.
Sun European takes struggling Alexon private
Sun European Partners has acquired UK-based fashion group Alexon from administrators, following its delisting from the London Stock Exchange.
Simbiosis considers €35m Cacaolat rescue
Simbiosis Venture Capital is considering rescuing Cacaolat, the beleaguered Spanish chocolate shakes-to-biscuits company owned by food group Nueva Rumasa.
High street blues
Department stores chain TJ Hughes, acquired by turnaround investor Endless in March, is due to appoint administrators in the coming days. Endless managing partner Gary Wilson talks to Greg Gille about the difficulty of rescuing the business amidst a gloomy...
Butler-backed Sernam interested in Mory
French industrial delivery services company Sernam, owned by turnaround fund Butler Capital, is reportedly looking to acquire rival Mory.
IDIA and Liberfy acquire 66% of Gyma
IDIA - a Crédit Agricole fund focusing on the agrifood sector - and industrial holding Liberfy have acquired 66% of troubled French food producer Gyma.
Rutland acquires Gems International
Rutland Partners has acquired a majority stake in Belgium-based GEMS International NV, which provides subsea technical analysis and surveying.
Oaktree considers Nueva Rumasa investment
Turnaround fund Oaktree Capital is in negotiations with Spain’s Ruiz-Mateos family about a possible investment in food group Nueva Rumasa.
UK turnarounds: Turning tide?
Despite much anticipation, an expected wave of turnaround deals failed to materialise in 2010 as the UK economy slowly got back on its feet. But could a new, uncertain environment mean more opportunities for turnaround players in 2011? Greg Gille investigates
RCapital acquires Westler Food Limited
UK turnaround specialist RCapital has acquired Westler Food Limited after the company entered administration in December 2010.
Endless acquires Niagara LaSalle
UK turnaround specialist Endless has acquired Niagara LaSalle UK Limited from its US parent company Niagara Corporation.
Endless acquires Liberata
Turnaround specialist Endless has acquired UK outsourcing services provider Liberata from General Atlantic Partners.
WL Ross joins bid for EBS
US distressed investments specialist WL Ross will join the Cardinal-led consortium in a bid for EBS Building Society, according to media reports.
Turnaround investments: A waiting game
With the UK economy sliding into recession at the beginning of last year, many expected 2010 to be the year of turnarounds. So far though, the flurry of deals has not materialised. Greg Gille investigates
Rutland acquires Brandon Hire for £43m
Turnaround specialist Rutland Partners has acquired UK equipment hire business Brandon Hire from Wolseley, in a £43m deal.
Luxury brands: Private equity's leadership challenge
Towerbrook’s plan to sell Jimmy Choo this year for an estimated £500m, more than twice its value three years ago, highlights the significant benefits that can be reaped from investing in the luxury apparel sector. However, the deal also brings to the...