Orlando Management AG has announced the final close of its latest fund, Special Situation Venture Partners III, on €231m, €31m over target.
UK turnaround investor Endless has closed its latest vehicle on £220m.
Former Austrian federal chancellor Alfred Gusenbauer, entrepreneur and adviser Andreas Frech, M&A Corporate finance specialist Alon Shklarek and lawyer Leopold Specht have launched Cudos Group.
German mid-cap investor Capital Management Partners has closed its CMP German Opportunity Fund II on €175m.
KKR has appointed Mubashir Mukadam as its European head of special situations.
The founders of private equity firm Extremadura Avante have applied to Spain’s Comisión Nacional del Mercado de Valores to approve its creation.
French special situations investor Perceva Capital has raised €150m for its latest fund.
Sherpa Capital has launched a €30m fund specifically designed to support companies undergoing distressed situations.
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
Alchemy Partners has held a first close at just over £280m on its second fund that is looking to invest in financially distressed European companies.
Better Capital is gearing up to raise a further £65m for its distressed business fund.
Neuberger Berman has raised $197.2m for its closed-ended NB Distressed Debt Investment Fund Limited at a price of $1.00 per ordinary share by means of a placing and offer of subscription for ordinary shares and a bonus issue of subscription shares on...
Morgan Stanley's Global Secondary Opportunities Fund, has raised $585m, exceeding its $500m initial target.
ICG’s new recovery fund specifically supports companies chained down by over-leverage, rather than loss-making businesses that require a complete turnaround. Francinia Protti-Alvarez investigates
ADM Capital has held a first close of CEECAT Recovery Fund on €100m. The fund will invest in Central and Eastern Europe, Central Asia and Turkey.
Private Equity investor Neuberger Berman, plans to launch NB Distressed Debt Investment, a fund targeting asset-backed senior debt.
London-based alternative asset investor Intermediate Capital Group (ICG), has reached the final closing of its €843m ICG Recovery Fund.
Better Capital has completed a second acquisition; the management buyout of the UK business of Reader's Digest in a transaction valued at £13m, which secures the future of the business.
Hugh Osmond, the man behind such ventures as Pizza Express and Punch Taverns, launched his investment vehicle on the London Stock Exchange yesterday, managing to raise £418m to invest in distressed companies.
London-based Marathon Asset Management has held a $400m first close of its public-private toxic asset fund, an initiative engineered by the US government to buy up troubled assets from banks that has so far seen $5bn raised by eight seperate fund managers.
Oak Hill Advisors has surpassed the firm's $750m target for its OHA Strategic Credit Fund, holding a final close on $1.125bn.