Steve Bills
As history’s largest buyout target drifts toward what seems to be an inevitable bankruptcy, the latest complaint against the beleaguered company’s directors could have the effect of inhibiting the filing.
Along with the risk of higher interest rates and uncertainty about the economic outlook, you can add higher insurance costs to your wall of worry, warns Kevin Maloy, senior managing director in M&A and special practices at strategic risk an insurance adviser Crystal & Co. “We’ve been in a very extended soft market. The last […]
Fortified with a new, larger fund, mezzanine investor Ironwood Capital Ltd is taking on new turf as well.
Atkins Nutritionals, a once-desperate turnaround story, has recovered enough of its financial health to support a $425 million recapitalization. Sister service Thomson Reuters Loan Pricing Corp. reported that the $425 million bank loan would be used to refinance existing debt and pay a dividend to shareholders.
SunTx Capital Partners is thinking about launching a third buyout fund later this year, but no target has yet been set, a person knowledgeable about the firm told Buyouts. The firm also has several portfolio companies in the market.
Services for public stock distribution Ancillary offering to LP clients New clients in addition to services Fund adviser Hamilton Lane plans to expand its stock distribution services through its acquisition of Shott Capital Management, a San Francisco-based investment manager. “The addition of Shott Capital Management’s robust distribution management capabilities complements our portfolio monitoring and reporting […]
The corporate economy has become more vibrant over the past half century, with challengers knocking off incumbent industry leaders, said MIT professor R. David McLean. This increase in corporate turnover has tracked the rise of financial alternatives including private equity and venture capital. Turnover can mean different things in different contexts. McLean defined it this […]
As debate drags on over the Volcker Rule, banks are settling in for the long haul. Those that have decided to exit the buyouts game have largely done so, while those remaining appear to be relying on their own balance sheets, rather than bringing in outside investors, under other provisions of U.S. law that permit merchant banking.
Services for public stock distribution Ancillary offering to LP clients New clients in addition to services Fund adviser Hamilton Lane plans to expand its stock distribution services through its acquisition of Shott Capital Management, a San Francisco-based investment manager. “The addition of Shott Capital Management’s robust distribution management capabilities complements our portfolio monitoring and reporting […]
Seacoast Capital Managers LLC announced that it landed $150 million of investor commitments for its third fund, a mezzanine vehicle that will target lower mid-market companies.