CLEVELAND , June 9, 2020 /PRNewswire/ -- OverDrive , the leading digital reading platform for libraries and schools, today announced the completion of its acquisition by KKR , a leading global investment firm. In December
Opalesque Industry Update - Balbec Capital, LP, a global alternative asset manager with expertise sourcing and investing in bankrupt and insolvent credit, has completed the final close of InSolve Global Credit Fund IV, L.P. (the
North Castle Partners has finalised a strategic investment Sparx Hockey, an equipment developer and manufacturer for ice hockey, skating and sled hockey.
Cortec Group has sold its remaining equity interest in YETI, a designer and marketer of ice chests and coolers. Cortec acquired YETI in partnership with the company’s founders, Roy and Ryan Seiders, in June 2012.
Kinderhook has acquired Paramount Specialty Pharmacy and PharmBlue Holdings and will combine them with its existing pharmacy companies Long’s Drugs and PharMedQuest. The new merged platform will operate under the name of Avita Pharmacy. Kinderhook
Last week, the Department of Labor provided an information letter to confirm that companies with 401(k) plans can now offer private equity options to their employees. Presently, 401(k) plan fiduciaries do not provide plan participants
From 1 July, the €700bn asset manager will introduce a “unified global investment division”, which will incorporate its entire range of stock-picking, index funds and alternative investments
Z Capital has added Timothy Chiodo to its investment team as a new managing director. Mr. Chiodo will be active sourcing and executing new transactions and portfolio company oversight. Prior to joining ZCG, Mr. Chiodo
Kirdar, 83, was one of the most prominent private equity investors in the Middle East
Hong Kong's Cathay Pacific Airways is planning a HK$11.7bn ($1.5bn) rights issue as part of a multi-billion-dollar government-led recapitalisation.
Chinese issuers have been slashing the coupons on their onshore puttable bonds in an attempt to save money. They are playing with fire.
Far East Horizon, a Hong Kong-listed financial services firm, has returned to the offshore loan market. It is aiming to raise $1.4bn to refinance two deals maturing this year.
Hong Kong’s Champion Reit sold a tightly priced $300m bond on Monday, enticing investors with its rarity in the international market.
Hong Kong-based Lei Shing Hong Credit has added a TaiFX-Libor clause to its new $320m loan, allowing it to offer a margin that is flat to its last transaction.
Bohai Bank’s Hong Kong IPO application was being considered by the stock exchange’s listing committee on Tuesday, according to a source close to the deal.
Private equity firms face an uphill battle to convert new LP relationships into committed capital this year, as the coronavirus crisis skews limited partner attention towards re-ups and existing relationships, new research suggests.
Opalesque Industry Update - The European Fund and Asset Management Association (EFAMA) has today published its Quarterly Statistical Release describing the trends in the European investment fund industry in the first quarter of 2020 with
The acquisition of a minority stake in Belgium-based Silverfin was made via Hg’s Mercury 2 fund, closed in 2017 at £575m
US private equity house The Halifax Group has named its first operating executive by bringing in veteran CEO and COO Rick Morrow.
Gampack, a portfolio company of Italian private equity firm Progressio, has invested in packaging machinery specialist Futura Robotica.
