activist
Elliott Management, Siris Capital-backed Travelport hopes to weather coronavirus challenge with up to $1bn of new financing

Elliott Management, Siris Capital-backed Travelport hopes to weather coronavirus challenge with up to $1bn of new financing

The private equity arm of activist investor Elliott Management Corp has teamed with Siris Capital to help existing portfolio business Travelport Worldwide weather the coronavirus crisis with up to $1bn of new financing.

bankrupt
Sycamore emerges as potential JC Penney saviour, a month after backing out of Victoria’s Secret buyout

Sycamore emerges as potential JC Penney saviour, a month after backing out of Victoria’s Secret buyout

Sycamore Partners is reportedly in talks to buy US department store chain JC Penney out of bankruptcy, just a month after backing out of an agreed buyout of troubled fellow retailer Victoria's Secret.

Distressed
Cyprus and EFSF line up Tuesday deals

Cyprus and EFSF line up Tuesday deals

Cyprus will return to the market with a pair of taps on Tuesday, hitting screens alongside the European Financial Stability Facility’s new five year line, providing an excellent opportunity to compare Cyprus’s cost of funds

Software and Hi-Tech
Market opener Verisure returns for refi

Market opener Verisure returns for refi

Swedish alarm firm Verisure is preparing a €1bn refinancing, underlining the move in the leveraged credit market from the tough days of March and April to firmer territory where sponsors can optimise capital structures, not

High Net Worth
Kookmin to debut with euro covered bond as supply scarcity looms

Kookmin to debut with euro covered bond as supply scarcity looms

Kookmin Bank is expected to surface later this week with its first euro covered bond which will fund social housing. The deal is to emerge amid mounting concern that diminishing supply, rising redemptions and aggressive

Portfolio Company News
Baltic telco Bitė preps dividend deal and bond market return

Baltic telco Bitė preps dividend deal and bond market return

Bitė, a mobile, broadband and pay TV firm in the Baltic region and a portfolio company of Providence Private Equity, is prepping a dividend recap and refinancing of its whole capital structure, funded by a

Consumer Services
Scorching hot healthcare IPOs net HK$2.7bn

Scorching hot healthcare IPOs net HK$2.7bn

Mainland-based firms OcuMension Therapeutics and Immunotech Biopharm sealed their Hong Kong IPOs at the top of guidance, riding on support from both institutional and retail investors.

Consumer Services
VPBank Finance returns for $200m

VPBank Finance returns for $200m

VPBank Finance Co, the consumer finance arm of Vietnam Prosperity Joint Stock Commercial Bank, has launched a $200m new money loan.

Software and Hi-Tech
Wuhan Dangdai returns with tap

Wuhan Dangdai returns with tap

Wuhan Dangdai Science & Technology Industries (Group) Co chose a quiet Friday for deal flow to raise $200.5m from a tap.

IPO
Cathay Media to close HK IPO books early

Cathay Media to close HK IPO books early

Cathay Media and Education Group is set to wrap up bookbuilding for its Hong Kong IPO two days early, on the back of strong demand from institutional investors, according to a source close to the

IPO
The week in review: China finalises Star market follow-on rules, NDRC extends bond issuance approval deadline, JD Digits kicks off pre-IPO education

The week in review: China finalises Star market follow-on rules, NDRC extends bond issuance approval deadline, JD Digits kicks off pre-IPO education

In this round-up, regulators release official guidelines for follow-on offerings in the Nasdaq-style Star market, issuers of onshore ‘enterprise bonds’ get an extension on their regulatory approvals, and a financial unit of JD.com starts pre-listing

All Transactions
Kinderhook Acquires Original One Parts

Kinderhook Acquires Original One Parts

Kinderhook Industries has acquired Original One Auto Parts. This acquisition is the firm’s 86th acquisition in the automotive aftermarket. Dallas-headquartered Original One Parts is a provider of recycled, refinished, and certified original equipment manufacturer auto parts

All Transactions
Blue Sage Invests In Traffic Control Platform

Blue Sage Invests In Traffic Control Platform

Blue Sage Capital has acquired Barricades Unlimited, a provider of traffic safety and control products. Barricades Unlimited rents and sells lane markers, barricades, message boards, channelizing devices, work zone signs, and road construction work apparel.

Africa
Francisco Closes On $10 Billion

Francisco Closes On $10 Billion

Francisco Partners has held a final closing of three funds, two equity funds and one credit fund, with an aggregate $10 billion of capital. The three new funds are Francisco Partners VI LP with $7.45

All News
Raymond James Expands Investment Banking Team

Raymond James Expands Investment Banking Team

Raymond James has added Andy Schwartz to its investment banking team as a managing director and co-head of its newly formed commercial and industrial services sector team. Mr. Schwartz has long been active in the

Appointments
Morgan Stanley’s European healthcare banking head joins Moelis

Morgan Stanley’s European healthcare banking head joins Moelis

The bank, run by Wall Street dealmaker Ken Moelis, has hired Philippe Gallone as a managing director

Academic Research
Value Creation in Private Equity

Value Creation in Private Equity

Posted by Markus Biesinger (EBRD), Çağatay Bircan (EBRD), and Alexander Ljungqvist (Stockholm School of Economics), on Friday, June 5, 2020 Editor's Note: Markus Biesinger is Associate, Private Equity at the European Bank for Reconstruction and

Oil and Energy
Bargain hunters take a cautious approach to energy deals

Bargain hunters take a cautious approach to energy deals

A slow oil market rebound has energy-focused firms moving cautiously on investment opportunities arising amid the slump

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