Industry
UK - Advent may make Four Seasons bid
Reports suggest that buyout house Advent International is considering a bid for beleaguered care-home operator Four Seasons Health Care.
GLOBAL - Barclays looks to sell $ 10m asset management unit
Barclays is reportedly in talks with US asset manager Black Rock and Bank of New York Mellon to sell its asset management unit, Barclays Global Investors (BGI), with the price tag thought to be around $10bn.
Mezzanine to soldier on
Lenders are currently struggling under the weight of an underperforming legacy portfolio, but there may be brighter prospects on the horizon. Emanuel Eftimiu reports from Paris
Staying afloat
The ongoing issues with 3i and Candover have prompted many to question the wisdom of the listed private equity model. But behind these headline-grabbing stories lies a space uniquely positioned to deal with the current crisis
Default rates double; set to escalate further
For years bearish professionals have been warning of imminent and widespread defaults. Now it seems they are upon us, with double-digit default rates expected within the year. Kimberly Romaine reports
Business as usual
Deborah Sterescu asks Janusz Heath, managing director of limited partner Capital Dynamics, about the current challenges the industry is facing and how to succeed in a changing environment
UK - Electra's NAV drops 16% in H1
London-based Electra Private Equity has announced a relatively modest drop in net asset value of 16%, primarily as a result of mark-to-market writedowns.
GERMANY/UK- PAI struggles to reach agreement with Monier Group's lenders
Private equity group PAI Partners is reportedly being challenged for its stake in German-based building materials company Monier Group (formerly Lafarge Roofing) by a group of distressed debt investors.
GLOBAL - CALPERS to allocate extra $9bn to private equity
The California Public Employees Retirement System (CALPERS) is considering a new asset mix, which could see the LP allocate an additional $9bn to private equity.
SWITZERLAND - AIG Private Equity credit facility terminated
Lenders to Switzerland-based AIG Private Equity Ltd have terminated the investor's $100m credit facility and requested repayment of the outstanding balance of $86m.