Industry
Erring on the side of caution
Banks' unwillingness to lend is largely to blame for today's deal freeze. As they loosen the reins on leverage again, might their newly adopted uber-cautious approach continue to hold things up? Deborah Sterescu investigates
UK - 3i to return to FTSE 100
3i is set to return to the FTSE 100 index, as its share price has more than doubled in the past three months after having fallen 45% in the previous quarter.
UK - EQT to inject £100m into SSP
Swedish private equity fund EQT reportedly plans to inject ТЃ100m of fresh equity into portfolio company Select Service Partners (SSP), Britain's largest railway food and beverage concession operator, which includes brands such as Upper Crust, Mille's...
SWITZERLAND - AIG PE reaches agreement with lenders
Listed investor AIG Private Equity has reached a standstill agreement with its banking consortium, with which it has a $100m credit facility.
NORDIC - The winner takes it all
"There will be winners and losers coming out of this recession," said 3i partner Alan MacKay, speaking today at the Nordic unquote" Private Equity Congress in Stockholm, adding that finding new financing solutions today will be what separates the wheat...
UK - Apax writes down investment in Emap
Buyout house Apax has reportedly written down to zero its investment in Emap, a business-to-business publisher with titles including Retail Week and Broadcast.
EUROPE - Stronger cooperation among European associations
Europe's private equity trade bodies have vowed to work closely together to drive improvements to the proposed Alternative Investment Fund Managers Directive launched by the European Commission in April this year.
GERMANY - Soffin takes 90% Hypo stake
Government-backed investor Soffin has completed an investment into Hypo Real Estate Holding AG, upping its stake in the ailing real estate bank to 90%.
UK - Lenders move to take control of Park Resorts
GI Partners-backed Park Resorts is reportedly in restructuring talks with its lenders over a debt-for-equity swap that could see the private equity firm lose control of the business.
GERMANY - DIC's Almatis is debt restructuring talks
According to reports, Dubai International Capital-owned aluminium producer Almatis is in debt restructuring talks with its lenders, comprising UBS, Commerzbank, SMBC, Harbourmaster Capital and Carlyle Group.
UK - NBPE to seek SFM listing
Neuberger Berman has announced plans to list its Euronext Amsterdam-quoted private equity fund-of-funds, formerly Lehman Brothers Private Equity, on the Specialist Fund Market (SFM) of the London Stock Exchange.
FRANCE - Buyout portfolio companies remain healthy
According to a new report, 80% of current portfolio companies acquired in buyouts in France are currently able to manage their debt commitments and covenants.