Jennifer Harris
Rivenrock Capital has bought Small World Toys out of bankruptcy in yet another distressed play amid tightening credit markets.
An internal Citi research report finds that 75 percent of pension fund managers plan to increase their allocation to private equity over the next three years, potentially injecting $400 billion into the asset class.
The global private equity firm is well on its way to a target of $12 billion for its tenth fund.
American Capital has sold Swank Audio Visuals to Code Hennessy & Simmons, earning a three times return. The firm provided $48.5 million in debt financing for the deal.
Vikram Pandit, a fund of funds entrepreneur and former Morgan Stanley executive, will lead Citi’s newly combined alternative assets and investment banking units, making him a direct report to chairman Chuck Prince.
The global private equity firm is well on its way to a target of $12 billion for its tenth fund.
Two years after merging video game developers BioWare and Pandemic, Elevation Partners has doubled its money by selling the combined company to Electronic Arts, led by former Elevation partner John Riccitiello.
American Capital has sold Swank Audio Visuals to Code Hennessy & Simmons, earning a three times return. The firm provided $48.5 million in debt financing for the deal.
Vikram Pandit, a fund of funds entrepreneur and former Morgan Stanley executive, will lead Citi’s newly combined alternative assets and investment banking units, making him a direct report to chairman Chuck Prince.
Two years after merging video game developers BioWare and Pandemic, Elevation Partners has doubled its money by selling the combined company to Electronic Arts, led by former Elevation partner John Riccitiello.