The US radio and advertising company, which was purchased by Bain Capital Partners and TH Lee last year in a $17.9bn deal, had its rating fall to deeply speculative territory, with Moody’s warning of default.
2 min read · 21 January 2013
Fresh from raising nearly €1bn for its eighth mid-cap fund, the French private equity firm is aligning itself to take advantage of market dislocation. It is also raising its third small-cap fund.
2 min read · 21 January 2013
The International Monetary Fund is calling for more regulation on private equity and hedge funds, which it says fall into a 'shadow banking system', while the EVCA told its members a system of registration is in the works in the EU.
2 min read · 21 January 2013
Standardising reporting and valuation methods are key drivers of the IVCA's move to adopt voluntary guidelines for the Indian private equity industry. At present, each LP in a fund has different guidelines for reporting.
2 min read · 21 January 2013
It’s yet another sign that the balance of power has shifted to LPs from GPs – at least one new US fund is being structured whereby the capital commitment of the GP is subordinated to that of the LP.
2 min read · 21 January 2013
Former New York governor Eliot Spitzer, who resigned in 2008 plagued by scandal, has reemerged as a real estate investor, buying 1615 L Street in Washington, DC through the use of $42m in cash.
1 min read · 21 January 2013
Some overweight real estate deals are going to sink no matter how much rescue money is thrown at them, writes Steve Felix.
2 min read · 21 January 2013
The UK private equity firm hails the current calendar year as the year to take advantage of openings in the European property market.
1 min read · 21 January 2013
The private equity firm has agreed a £64m PIPE with Premier Foods, the UK-based owner of household food brands including Hovis, Cadbury and Bisto, which has been struggling under a £1.7bn debt mound. The investment will form part of a 1.5bn share offer intended to raise around £404m.
2 min read · 21 January 2013
The Des Moines, Iowa-based real estate firm has appointed Michael Fortier as controller and chief financial officer of the funds managed by Aviva Investors’ New York office.
1 min read · 21 January 2013
