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Category: Turnaround and Growth

GP Profile: Tyrus banks on quick secondaries turnaround

Currently raising its fifth-generation fund, Tyrus Capital's private equity secondaries strategy has seen growing dealflow and is closing in on several investment opportunities. Katharine Hidalgo talks to Gunter Waldner, the firm's head of private equity

Endless closes £400m special situations fund

The Leeds-based turnaround investor’s new vehicle is smaller than its predecessor

New distressed debt fund poised as billions go bad

Opalesque Industry Update, for New Managers - Distressed debt and special situations specialists Arbitrium Capital Partners formally opened its doors in Sydney today, poised to find turnaround deals among the thousands of Australian companies that…

Turkish turnaround in sight with bond set to follow rate hike

Turkey could be on track for one of the most remarkable emerging market recoveries of the year, after a shake-up of top officials signalled a return to orthodox monetary policy, inspiring confidence among investors. With…

Preparing for the turnarounds wave

While advisers readied themselves for a wave of distressed opportunities off the back of the coronavirus crisis – and GPs anticipated a shift in LP allocation strategies – the turnarounds surge has failed to materialise.…

Ibla Capital carves out oil & marine business unit of Manuli

Turnaround specialist Ibla Capital has carved out the oil and marine business unit of Manuli Rubber Industries (MRI).

MiddleGround Buys Automotive Supplier

MiddleGround Capital has acquired majority ownership of Dura Automotive Systems from Bardin Hill Investment Partners. The buy of Dura is MiddleGround’s sixth platform acquisition in its first fund which closed in August 2019. Dura Automotive…

Alvarez & Marsal Adds Aerospace and Defense Pro

Alvarez & Marsal (A&M) has added James Marceau as a managing director in its private equity performance improvement group. Mr. Marceau will be active within A&M’s aerospace, defense and aviation practice and will be based…

White Park, Navigator Capital carve out Gateway from Gunnebo

Turnaround-focused private equity firms White Park Capital and Navigator Capital have carved out anti-theft systems manufacturer Gateway from listed security firm Gunnebo via Aralia Holding.

Transom Hits Grand Slam

After a mere 14-month hold, Transom Capital has sold its portfolio company Pelco to Motorola Solutions. Pelco is a designer, developer and manufacturer of video security products including video security cameras, video management and recording…

EnPro Sells Springs Business to Turnspire

Turnspire Capital Partners has agreed to acquire the Goodyear Air Springs business from publicly traded EnPro Industries. Goodyear air springs are used by original equipment manufacturers and fleet operators for trucks, trailers, buses, and specialty…

McTrek acquired by GA Europe and CM Solutions

Retail turnaround firms GA Europe and CM Solutions have acquired Germany-based outdoor clothing retailer Yeah!, which operates the brand McTrek, following the company's insolvency filing in April 2020.

Turnaround specialist Alteri rescues UK retailer Bensons for Beds

Sister company Harveys will continue to trade in administration

Finnish private equity group CapMan sets up special situations arm

The division will invest in underperforming or non-core business with a view to supporting them through financial restructuring and operational turnaround

CapMan to launch first Special Situations fund after summer

Nordic private equity firm CapMan has launched CapMan Special Situations to focus on turnarounds. 

Pillarstone Italy launches €600m turnaround fund

Pillarstone Italy has launched a €600m vehicle dedicated to bank credits with a special focus on unlikely-to-pay (UTP) exposures.

Hedge funds reverse two-month redemption trend with $21.2bn in inflows in January

Opalesque Industry Update - The hedge fund industry experienced $21.2 billion in inflows in January, reversing a two-month redemption trend in a turnaround from December's $29.0 billion in redemptions. January's inflows represented 0.7% of industry…