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Category: Distressed

Virtual Briefing: ESG and rebalancing through secondaries

Palico's Clair Woolston Commons, Cambridge Associates' Chris Varco, Unigestion's Paul Newsome and Unquote's Denise Ko Genovese discuss whether the current crisis will lead to an ESG rethink.

UK’s Zizzi, Ask Italian owner preps to cut 1,200 jobs as Towerbrook invests for company’s Covid recovery

Struggling UK restaurant operator Azzuri Group has been bought by Towerbrook Capital Partners amid the company revealing it could slash up to 1,200 jobs as it battles to overcome the Covid-19 crisis.

European banks may face €800bn in losses if second Covid-19 wave hits

The losses would still be dwarfed by those stomached during the financial crisis

Private debt fundraising gains popularity as credit stress returns

Distressed debt investing, long neglected by investors, is showing signs it could thrive under the pandemic

GP Profile: Priveq Investment

Swedish firm Priveq Investment recently held a first and final close for its sixth fund, raising the vehicle entirely online. Partner and CEO Louise Nilsson talks to Eliza Punshi about the firm's investment strategy for

Aurelius’s Zim Flugsitz in self administration

Aircraft seat manufacturer Zim Flugsitz, a portfolio company of Aurelius, has entered self-administration proceedings under German insolvency law.

10 of the biggest funds LPs have poured money into since the Covid crisis

A cloud of uncertainty was placed on the private equity fundraising market back when global coronavirus lockdowns began. While a lot of theories suggested LPs would be less interested in backing funds, or be hamstrung

Women bankers fear the coronavirus crisis will derail their careers

The crisis was heralded as a chance to level the playing field for working mothers in banking – it has not worked out that way

Scale of Covid damage to European PE becomes clear – but LPs are backing one surprise subsector to shine

The scale at which the European private equity industry has been besieged by the coronavirus crisis is becoming increasingly clear thanks to new data from PitchBook, with fundraising, dealmaking and exit activity all falling to

LLR Sells WorldAware to Rhone’s GardaWorld

GardaWorld Security has acquired WorldAware from LLR Partners. LLR acquired WorldAware (then iJET International) in December 2013. GardaWorld was acquired by Rhone Capital and members of its senior management team in March 2017 from Apax

PE Weathering COVID-19

According to a new study by Willis Towers Watson (WTW), private equity-owned companies appear to be weathering the impact of the COVID-19 pandemic across multiple sectors and geographies. According to WTW, despite the subdued operating

Livingbridge-backed Bistrot Pierre sold in pre-pack administration deal

Bistrot Pierre is the latest restaurant chain to restructure as the Covid-19 crisis creates funding challenges for the sector

TPG takeover of Covid-ravaged Cirque du Soleil looks dead amid impending creditor deal – report

Private equity plans to take over world-famous Cirque du Soleil on the cheap after coronavirus pushed it into bankruptcy protection have been scuppered by creditors, who are reportedly set to agree a recapitalisation of the

US VC fundraising in 2020 already at one of highest totals since 2006, with half a year still to go

US venture capital fundraising has already hit one of its highest total since 2006 this year with only two quarters gone, despite massive headwinds from the coronavirus crisis impacting on dealmaking and exit activity, new

PE hopes of cheap deal for ailing Cirque du Soleil challenged by rival bid from creditors

Private equity hopes of taking control of the world-famous Cirque du Soleil on the cheap after coronavirus pushed it into bankruptcy protection appear over, with creditors nearing an agreement for their own bid.

USS CIO Simon Pilcher: ‘We got a lot done in a difficult market environment’

The head of investments at the UK’s largest pension fund on coping with crisis, bond market dislocations and recruitment plans

Malaysia hit with first Fitch downgrade in two decades

Fitch has downgraded Malaysia for the first time since the Asian financial crisis, slashing the sovereign rating by one notch to BBB+ due to the Covid-19 crisis and political uncertainty.

Bertrand de Mazières, EIB: ‘all of us have to do more in times of crisis’

Bertrand de Mazières is one of the best known and most respected figures in European debt capital markets. As director general of finance at the European Investment Bank (EIB), he oversees one of Europe’s most

Here’s what the stats say about LP and GP activity during the coronavirus

The impact of the coronavirus crisis is likely to be felt around the world for years to come, with the economic aftermath potentially outstripping the 2008 financial crash. And that uncertainty over how the future

AMB :- Private equity portfolio companies weathering the Covid-19 storm

Laxman Pai, Opalesque Asia: Private equity portfolio companies are largely weathering the storm caused by the coronavirus crisis, new research from risk management firm Willis Towers Watson shows. The report revealed tha...Article Link

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