Private Equity Tests Ground For Looser Loans In Australia
PE firms are increasingly seeking loans with slacker terms to help fund buyouts of Australian businesses, creating a testing ground for these kinds of deals in the Asia-Pacific leveraged finance market.
Bain Capital Credit, Investec Light Up CHAMP's Gerard
Lenders to private equity-owned Gerard Lighting are close to sparking a deal, Street Talk can reveal. It is understood Bain Capital Credit and Investec are poised to sign a restructuring agreement as early as this week which will see the firms assume control of Australasia's largest lighting distribution and partnership network. As this column first reported, Bain Capital Credit increased its exposure to Gerard Lighting's debt stack in recent weeks, snapping up a $30 million loan from the leveraged finance arm of industrials giant Siemens.
How To Overcome Structuring Challenges In Israeli Leveraged Buyouts
How foreign private equity sponsors and their lenders are finding solutions to local law structuring issues - Leveraged finance acquisitions have existed in the Israeli market for many years.
Top China-Focused PE Specialist Lawyer Frank Sun Joins Legal Firm Latham & Watkins
Sun's arrival is expected to further enhances Latham & Watkins’ Asia and Greater China Practices, which have recently added several prominent transactional partners who advise on private equity and leveraged finance matters.
Demand For Leveraged Products For Oil Picking Up, With $2B Spent In Q4 2015
Increasing numbers of investors are being tempted to dip their toe into the energy markets – and oil specifically – following the dramatic decline in commodity prices over the past 18 months.
Adams Street Partners Lauches Private Credit Platform, Establishes NYC Office
<p style="line-height: 18.9091px;">Global private-equity manager Adams Street Partners has launched a private credit strategy around two veteran hires and established a New York office. The firm has brought former Oaktree Capital Management executives Bill Sacher and Shahab Rashid aboard to establish and build the platform. The two men will lead the Adams Street’s credit capabilities from a new Manhattan office and formalize the firm’s efforts in the private credit space, focusing on a broad array of opportunities in credit alternatives on a global basis.</p>
Private Equity Helps Korea Restructure In Boost For Loan Bankers
<p style="line-height: 18.9091px;">South Korean bankers say an acquisition finance boom will extend into 2016 as global private equity firms build up their biggest cash pile in seven years. The leading M&A loan underwriters say restructuring among Korea’s largest companies will drive deals after volumes more than doubled in 2015 to $8.2 billion. The pipeline is already healthy, with lenders eyeing potential business from at least 3 trillion won ($2.5 billion) of acquisitions planned by firms including Standard Chartered Private Equity Ltd.</p>
Symantec To Get $1B Less Cash In Sale Of Veritas To Carlyle
(Reuters) - Antivirus software maker Symantec Corp said on Tuesday it will receive $1 billion less in cash for its data storage unit Veritas from Carlyle Group LP , cutting the price of the biggest leveraged buyout of 2015 after debt backing the deal failed to sell.
CVC, CPPIB near $4.7 billion deal to acquire Petco
Private equity firm CVC Capital Partners Ltd and Canada Pension Plan Investment Board (CPPIB) are nearing a deal to acquire Petco Holdings Inc, valuing it at around $4.7 billion, including debt, acco...
The Canadians Are Coming: Fifth Pension Opens NYC Office
One of Canada’s largest pension funds is opening an office in New York City to focus on principal debt and credit investments....