Toby Lewis
The success of TDC, the Danish telecoms company backed by a buyout consortium, in deleveraging by buying its own debt at a discount, has tempted other firms to follow suit.
As the international banking industry continues to reshape itself, UBS’ Lorne Somerville is the latest senior figure to head for the private equity industry.
After a tough year in 2007 providers of the hybrid form of debt are likely to capitalise fully on the disappearance of competition to finance leveraged buyouts.
The global buyout firm has exited the Swiss fashion retailer it took to double digit sales and profit growth during the last three years, after buying it when it was loss-making.
The UK bank has written down £5.9bn in leveraged loans, structured credit vehicles and US residential mortgages, as it embarks on a £12bn rights issue and looks to shore up its weak balance sheet.
The diversified firm, jointly led by Charles Kaye, has surpassed its target by 25 percent, as investors look to emerging markets and growth capital for returns.
The UK bank, which is reportedly set to write-down its leveraged loan and complex bonds portfolio, has confirmed it is seeking a rights issue.
The investment firm has recruited senior hires for its London office as it looks to launch a fundraising push.
Löwen Play was sold to AXA Private Equity after Waterland grew the arcade operator in the fragmented German games market.
Kemal Kaya, a leading figure in the Turkish banking world, has joined Blackstone, as buyout firms descend on the region.