Amanda Janis
Amanda is the Director of Product Management for PEI, whose editorial titles include Private Equity International, Secondaries Investor, Buyouts, PE Hub, VCJ, Real Estate Capital, Private Equity Real Estate, Agri Investor, Infrastructure Investor, Private Debt Investor, Regulatory Compliance Watch and Private Funds CFO. She was previously the company's Group Managing Editor.
Sam Zell has said he'd been too optimistic about the Chicago-based media company, which in December collapsed under a $13bn debt load. Zell stressed the need to find a new business model for newspapers, likening a potential Tribune merger to asking another company if it wants to 'get vaccinated with a live virus'.
The Wall Street Institute, a global English school network purchased by Carlyle and Citi Private Equity in 2005, has sold its Chinese subsidiary to education conglomerate Pearson. The unit is projecting annual sales of $70m this year.
The UK- and Italy-focused Merrill Lynch spin-out will pay £17m for a 40% stake in Panmure Gordon, a 133-year-old mid-cap stockbroker and investment bank.
As it looks to gain ‘firm financial footing’, Candover will suspend its 2008 buyout fund’s activities for up to six months and has confirmed its strategic review could result in selling the firm.
The European buyout firm has closed its latest fund €2bn short of its original target.
CapDyn’s choice to acquire HRJ expands its products, while helping the fund of funds out of hot water, writes Amanda Janis.
Swiss alternatives firm Capital Dynamics will augment its fund of funds platform by assuming management of HRJ’s $2bn in assets. The US fund of funds was reportedly burned by its over-commitment strategy last year, causing it to breach debt covenants and seek secondary sales.
One of Silicon Valley’s greatest success stories increasingly resembles the venture firms that helped catapult it from a dorm room start-up to an internet behemoth.
Euronext-listed AP Alternative Assets saw its NAV fall 60% last year amid a ‘challenging market’ that caused valuations to fall ‘across the board’. Managing partner Marc Rowan told analysts he doesn’t expect any of the write-downs tied to AAA’s largest private equity investments – including Harrah’s Entertainment – to be permanent.
The European mid-market firm will manage Hermes' funds II and III and absorb its 10-person team, creating a lower mid-market-focused arm dubbed Bridgepoint Development Capital.