Steve Bills
The dozen most active sponsors, measured by number of bond deals done by their portfolio companies, are more effective at enticing lenders to accept less restrictive covenants on portfolio company bonds, Moody’s Investors Service Inc. said.
Sankaty Advisors has been investing in collateralized loan obligations virtually since its establishment in 1998, but the firm, the credit arm of Bain Capital Partners LLC, is only now launching a fund dedicated to the strategy, a person with knowledge of the firm’s plan told Buyouts.
Sensing a growing appetite for buyout deals in the tech sector, GE Capital Corp. is boosting its lending capacity in the category, an executive of the company told Buyouts.
At a time when the global brewing industry was undergoing rapid consolidation and internationalization, KPS Capital Partners LP collected a series of neglected and cast off beer brands, fashioning them into the No. 3 U.S. brewer.
Corporations have led the way in addressing environmental, social and governance issues, but the private equity community is catching up, often driven by their investors such as public pension plans, said Lauren Koopman, a director in the sustainable business solutions team at the global accounting firm PricewaterhouseCoopers LLP. “The work we do is to help […]
U.S.-based buyout and mezzanine firms added nearly $5 billion to their coffers in the last fortnight, bringing their year-to-date fundraising total to $31.1 billion. The tally is slightly ahead of 2012’s pace, when firms had raised $29.6 billion by mid-April.
With the banking crisis receding in the market’s rear-view mirror, Castle Creek Capital LLC is angling for ways to play the endgame of a federal program set up to protect the banking industry.
A former marketing executive has sued Cerberus Capital Management LP, accusing the New York mega-firm of retaliating against her and wrongfully firing her after she complained that marketing documents misrepresented a residential mortgage fund that she was selling. Cerberus called the allegations in the suit “without basis in law or fact.”
With the rollout of its own private equity benchmark, Institutional Limited Partners Association is seeking to give its members a measurement system that is “institutionally relevant,” said Michael Elio, the association’s managing director of industry affairs. There is no shortage of competing benchmarks in the marketplace, Elio acknowledged, but the ILPA Private Markets Benchmark, which […]
Lone Star Investment Advisors has put a stake in the ground toward its eighth distressed-assets fund, posting a first close on the pool of just more than $1 billion, regulatory filings showed.