Steve Bills
Some bondholders of H.J. Heinz Co. are likely to lose ground after the Pittsburgh ketchup maker sells itself to Warren Buffett’s Berkshire Hathaway and buyout shop 3G Capital, Moody’s Investors Service Inc. reports.
The performance of the computer back-up services business at SunGard Data Systems Inc. has deteriorated, Moody’s Investors Service Inc. said last month as the buyout-backed technology vendor seeks to refinance $2 billion of its debt.
The multi-strategy private equity firm H.I.G. Capital LLC announced that it has closed its latest flagship buyout fund, H.I.G. Capital Partners V, at its $1 billion cap.
After five years of struggle to stabilize its floundering member states and its common currency, Europe appears to be on the verge of a comeback.
Marco De Benedetti, a managing director and co-head of European buyouts at The Carlyle Group,
And now there’s another way for sponsors to exit over-aged portfolios: Sell the entire kit and caboodle to Nova Capital Management Ltd, a British shop that just opened an office in Chicago to seek deals. David A. Jacobs, who joined the firm as an investment partner to launch the Chicago office, was formerly a senior […]
Firm: DW Healthcare Partners Fund: DW Healthcare Partners III Target: $250 million Amount Raised: $265 million Placement Agent: Berchwood Partners DW Healthcare Partners has closed its third fund with $265 million in commitments, topping its $250 million target, the Park City, Utah-based buyout shop announced. The firm did not identify any investors in the new […]
Firm sees loans to wide variety of borrowers Multi-strategy firm has arm dedicated to debt CLO issuance may climb 39 percent in 2013 H.I.G. WhiteHorse, the credit arm of H.I.G. Capital LLC, announced that it has closed a collateralized loan obligation fund, WhiteHorse VI Ltd, at $415.5 million. RBS Securities served as placement agent for […]
As Oaktree Capital Group LLC gears up for its next control investing fund, its chairman joined a small but growing chorus of general partners complaining about generous preferred returns for investors. However, he acknowledged such fundraising provisions are unlikely to swing back the GPs’ way any time soon.
Please don’t ask Andrew Hawkins about his interest in zombie funds. He says he prefers to think of his new firm, NewGlobe Capital Partners LLP, as an investor in “disrupted-cycle” private equity funds. “We’re not trying to partner with bad guys,” said Hawkins, noting that “zombie” is by its nature a pejorative term, with negative […]