Industry
Counting the cost
The increasingly fraught economic climate continues to put pressure on buyout houses to preserve the value of their existing portfolios in order to survive
PIK your partners wisely
Written off as a bubble phenomenon, PIK is creeping back into companies in distress. This is likely a sign of future troubles. Kimberly Romaine reports
The Big 3
Louis Elson, managing partner and co-founder of growth capital specialist Palamon Capital Partners shares his thoughts with us
FRANCE - Materis seeks to change debt terms
Wendel-backed Materis, a speciality chemicals company, is reportedly seeking to change the covenants on its EUR 2bn debt.
UK - Hermes wagers future for Riva
Riva Gaming Group has undergone a restructuring that will see backer Hermes Private Equity suffer a significant write down against its ТЃ50m investment in the company it created in April 2006. Lenders RBS, Bank of Ireland and Allied Irish Bank have written...
UK - Ex-Court Square partner launches Olmeto
Michael Gollner, formerly a partner at private equity house Court Square Capital Partners, has established Olmeto Capital Partners, a new UK-based investor group.
UK – VCTs defy cynics to raise £153m last year
Despite concerns the UK's venture capital trust managers would this year raise only ТЃ50-100m due to adverse economic conditions, the industry attracted an impressive ТЃ153m in the 2008/2009 tax year.