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02 Jul 2009 19:40 GMT Private equity firms would have to comply with tighter standards for capitalisation, hold periods and disclosure requirements if proposed rules from US banking regulator FDIC are approved.
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01 Jul 2009 19:49 GMT An affiliate of the California-based gatekeeper was a minority partner in a co-investment fund accused of kicking back illegal fees for a $750m commitment from New York State Common Retirement Fund.
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02 Jul 2009 12:31 GMT The listed debt investor has launched a fully underwritten rights issue and has raised €475m for its 2008 Recovery Fund.
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02 Jul 2009 14:28 GMT Prompted by the ongoing pay-to-play investigation in the US, the European trade body has created a code of conduct to prevent unethical conduct in the European placement industry.
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02 Jul 2009 18:28 GMT The sovereign wealth fund and the distressed debt specialist will restructure $1bn of the company’s debt, as well as inject fresh capital. Private equity firms like Advent International and The Blackstone Group have reportedly expressed interest in backing Almatis’ debt restructuring as well.
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02 Jul 2009 00:18 GMT The UK government has decided to put the partial privatisation of the Royal Mail on hold in the current market downturn, as a sale in today’s market would not ensure value for taxpayers, according to business secretary Peter Mandelson. CVC had reportedly offered £2bn for a stake in the state-owned mail service but was rebuffed.
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02 Jul 2009 07:50 GMT The firm, which had originally targeted $1.6bn for the fund, expects its first investment from Kayne Anderson Energy Fund V to close in the next few weeks.
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02 Jul 2009 04:19 GMT The banks, backed respectively by JC Flowers and Cerberus, will create Japan’s sixth largest banking group.
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02 Jul 2009 09:30 GMT Since the beginning of 2009, 10 private equity-backed businesses have been put into receivership. This compares to eight exits via trade sale and three via secondary buyout.
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02 Jul 2009 00:09 GMT Prague-based Genesis Capital has held a €40m first close with commitments from LPs including the EBRD and Gimv.
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02 Jul 2009 12:08 GMT The government has withdrawn its previous $14m commitment to the fund due to mutually ‘differing expectations regarding the timing and level of fundraising’ with the fund’s previous managers. It has re-awarded another three firms the right to manage the fund and committed a fresh $15m.
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02 Jul 2009 08:04 GMT A proposed change to FASB-157 will likely force general partners to get their year-end reports completed sooner or else face complaints from their LPs.
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01 Jul 2009 18:48 GMT Greentech Capital Advisors, which offers financial advisory services to companies engaged in ‘green’ sectors, will also launch a private equity fund in 2010 focusing on clean technology.
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01 Jul 2009 12:31 GMT The fund is part of a broader initiative to spur investment activity in the country.
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01 Jul 2009 10:06 GMT African Capital Alliance has attracted a $50m commitment from UK government-owned fund of funds CDC Group.
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