Financing
Ares Management handed keys to two-thirds of UK sponsor's portfolio
Lender provided GBP 500m for three of the GP's deals between 2016 and 2019, Debtwire reported
Unquote Private Equity Podcast: Overcoming the exit impasse
Unquote assesses the obstacles to executing successful exits and speaks to Equistone senior partner Steve OтHare about the GPтs approach to its recent realisations
PE purchases stall in Italy as buyers lose faith – PE Forum Italy
PE players are hoping that valuation expectations will align in 2H 2023, easing dealmaking backlog
Portable refis pave way for smoother sponsor exits in rocky market
Sellers are aiming to bolster buyer confidence, securing debt that can be transferred to the next LBO
HSBC expects dealflow uptick and higher returns with second direct lending vintage
Second vintage expects to build on USD 580m in current commitments, with first deal expected in July
BlackRock buys growth and venture debt provider Kreos
Global asset manager plans to broaden Global Credit business with fresh acquisition
From slash-and-burn to grow-and-earn: private equity changes tack
Rising cost of capital means value-creation will be vital for next decade of private equity, SuperReturn participants said
Houlihan Lokey poaches Nielen Schuman's Theys to open up Antwerp office
Hire to cement Houlihan Lokey’s position in Belgium, which represents 30% of the advisor’s Benelux deals
European sponsors sidestep panic, concede gloom over bank woes
Fallout from Credit Suisse collapse adds to slew of macroeconomic challenges for PE dealmaking and fundraising
Constructive approach: PEs turn to bolt-ons amid exits and debt crunch
Buy-and-build strategies to take centre stage for sponsors faced with longer holding periods and tough market for platform investments
Adams Street launches private credit platform in Europe
Investor hires James Charalambides from Sixth Street to lead new strategy out of London
Adelis to sell Säkra in SBO to Cinven
Acquisition of Swedish insurance company marks fourth deal through GPтs Strategic Financials Fund
AnaCap could explore Wealthtime sale in 12 months
Sponsor formed the UK-based wealth management platform via a three-business merger
Morgan Stanley equity solutions MD departs
Gautier Martin-Regnier has left after nine years at the bank; expected to join sovereign wealth fund
Deutsche Bank head of EMEA equity-linked departs
Xavier Lagache is no longer in the role after more than a decade; replacement not announced
Pemberton strengthens team with four senior hires
Anders Svenningsen, Christoph Polomsky, James Taylor and Sally Tankard join the firmтs European offices
Sponsors brave the storm amid drop in financial services M&A
GP buyouts in the financial services space reached a two-year high in H1 2022 as rising financing costs and a brewing recession cloud the sector's M&A outlook
PE capital calls at 10-year low in 2021– Investec
Research cited the prevalence of fund financing and the increasing size of funds as reasons for the slow-down
Pemberton assesses European market for NAV strategy
Having hired Tom Doyle from 17Capital, the firm is looking at trends including generational change and market consolidation that will drive demand for strategy
17Capital promotes three to partner
David Wilson, Emad Shahin and Fokke Lucas join the firm's three existing managing partners
Pemberton launches NAV financing strategy with new hire
Thomas Doyle joins alternative credit specialist from 17Capital
GP Profile: 17Capital eyes buoyant NAV financing market
Unquote speaks to managing partner Pierre-Antoine de Selancy about the GP's strategy and market view
Oaktree and 17Capital announce strategic partnership
Oaktree is to take a majority stake in the London-headquartered specialised NAV financing provider
FSI buys 60% of Iccrea's digital payments arm at EUR 500m EV
Carve-out deal is the ninth investment from FSI I, which closed on EUR 1.4bn in February 2019 and is now 75% deployed