Ares Management and Apollo Global Management expect to deploy their new private equity funds in distressed for control deals, a departure from the traditional buyouts that dominated their pipelines for much of the last half decade. “This feels like one of those markets we see every seven years,” said Ares co-founder Bennett Rosenthal in a […]
Jeff Horing, co-founder and managing director at Insight Venture Partners, thinks the IPO environment may improve toward the end of 2016 if the markets can recover. “I suspect there are a lot of substantial private companies that could be candidates. I think our world of tech/software PE will remain aggressive and competitive,” he said. *** […]
In this video from the PartnerConnect Midwest 2014 conference in Chicago, Neha Markle, executive director of the Morgan Stanley Alternative Investment Partners PE Fund Group, discusses the firm’s third party fund of funds business, which has more than $35 billion of assets under management, including $12 billion in private equity investments.
American Seafoods Group has tapped specialty finance company Ares Capital Corp for an $800 million first- and second-lien credit facility that backs a recapitalization of the Seattle-based fish harvesting company, in a deal that is notable for both its size and syndication strategy focused on alternative lenders, Reuters reported.
Deal makers and employees at private equity firms are expected to receive the biggest bonus increases this year on Wall Street, according to a forecast by compensation consulting firm Johnson Associates, Reuters reported.
Guggenheim Partners Investment Management LLC has agreed to pay $20 million to settle federal charges that it failed to disclose a $50 million loan by a client to a senior executive, the Securities and Exchanges Commission said on Monday, according to Reuters.
Antares Capital is lining up a $13.9 billion financing package that backs General Electric Capital Corp’s sale of the middle-market sponsor finance platform to Canada Pension Plan Investment Board (CPPIB) and raises funds for future growth, sources told Reuters.
Capital Dynamics Vice President Anne Pearce sat down with Managing Director Angela Willetts for a wide-ranging interview about the current state of the private equity industry, including limited partner issues, the rise of minority investments and the IPO market in Europe. The firm shared the interview with Buyouts.
U.S. syndicated loan issuance bounced in the second quarter from the two-and-a-half-year low set the prior quarter, driven by a renewed push by companies to refinance debt before borrowing costs increase, Reuters reported.
Bankrupt gunmaker Colt Holdings has reached an agreement with its bondholders that will postpone the company’s rush into a controversial sale to its current private equity owner while also providing much-needed cash, Reuters reported.
More U.S. companies including Compusearch Software Systems Inc are choosing to place second-lien loans with single alternative lenders rather than syndicating broadly as lending in the sector shrinks, lenders and attorneys told Reuters.
Jefferies has led seven leveraged loans totalling $5.07 billion since April as it continues to profit at the expense of regulated banks which are unable to lend to deals that U.S. regulators deem risky, Reuters reported.
U.S. oil companies, still smarting from the crude price rout, are attracting a wave of new investment from unlikely sources: hedge funds and private equity firms flocking to the energy market for the first time to bet on a rebound, Reuters reported.
A lack of new European leveraged buyout loans is forcing banks to become increasingly competitive in order to win mandates, which is driving down underwriting fees and creating more risky loan structures, Reuters reported.
A historic breakthrough in U.S.-Cuba relations has set investors clamoring to buy the Caribbean island’s long-defaulted debt but one of the biggest private holders of the distressed loans is refusing to cash in yet, Reuters reported.
Advent International will back its acquisition of Dutch conveyor belts maker Ammeraal Beltech with around 300 million euros ($342.81 million) of leveraged loans, banking sources said on Thursday, Reuters reported.
Middle-market institutional term loan yields fell below 6 percent in May for the first time since June 2014, as low loan supply fails to satisfy insatiable investor demand for new paper, Reuters reported.
LBO France has concluded a 280 million euro ($300.24 million) loan refinancing of its food group Materne-Mont Blanc and paid a dividend to shareholders, the private equity group announced on Wednesday, Reuters reported.