Restructuring
Restructuring and insolvency - Ominous silence
Advisers agree that times are set to become even grimmer. Restructuring and insolvency, already boom topics in the hard-hit UK, are now top of the agenda even in the DACH region. Mareen Goebel reports
ITALY – Candover-backed Ferretti to restructure debt
According to reports, Candover-backed yacht maker Ferretti has appointed Rothschild to advise on talks with its banking syndicate, led by Royal Bank of Scotland and Mediobanca, in relation to a potential restructuring its €1bn+ debt.
SPAIN - Change Partners-backed companies default payments
According to reports, Change Partners-backed electronic goods distributors Idea and Master Cadenas have defaulted on a EUR 160m debt repayment to banks and suppliers.
FRANCE - Candover recapitalises Qioptiq Group
Candover has completed a recapitalisation of portfolio optical solutions company Qioptiq Group. Financial terms were not disclosed, other than that European Capital and parent company American Capital collectively invested USD 85m in a mezzanine tranche....
UK - Dunedin recaps Capula
Dunedin portfolio company Capula, an independent provider of IT automation solutions to the energy, utility and nuclear markets, has undertaken a ТЃ6m recapitalisation.
Ready for restructure?
An economic slowdown and tightened liquidity are putting strain on portfolio companies. Private equity houses will need to initiate effective restructuring or see turnaround players and activist investors swoop for distressed assets, writes Nathan Williams...
SWEDEN - Ratos completes refinancing of Bisnode
Ratos has completed a refinancing of Bisnode, the Swedish supplier of digital business and support information for businesses, which will provide the owners with a cash payment of approximately SEK 865m. The recapitalisation was enabled through a positive...
SWEDEN - Segulah completes SEK 2bn recapitalisation of Dacke
Segulah has completed a SEK 2bn recapitalisation of Dacke OMC, a provider of hydraulic equipment and engineering solutions.