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Blackstone taps Goldman Sachs leveraged finance head to lead European private credit origination

Private Equity Insights

This is one of the most notable talent moves from investment banking to private credit to date, highlighting the growing shift of senior debt market professionals into the private capital space. If finalised, the deal would rank among the largest ever private credit financings, edging out banks that had pitched to refinance the companys debt.

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Deutsche Bank lines up $200m financing for Blackstone’s renewed bid for Trans Maldivian Airways

Private Equity Insights

The potential financing package, which may carry an interest rate of 10% or less, remains under negotiation. Ownership later transitioned to Bain Capital and Tempus Group, before shifting to Carlyle Group, King Street Capital Management, and Davidson Kempner Capital Management in 2021 following a debt restructuring.

Bidding 147
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Goldman Sachs launches Capital Solutions Group to boost private equity financing

Private Equity Insights

Goldman Sachs unveiled its Capital Solutions Group, a new division aimed at strengthening its focus on financing solutions for private equity sponsors. The group combines the firms corporate finance, leveraged finance, and equity capital markets teams into one unit. The London Stock Exchange.

Financing 130
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Blackstone and Permira assess debt options for €6.5bn Adevinta deal

Private Equity Insights

The private equity firms aim to refinance or reprice Adevintas existing 4.5bn debt and may raise an additional 2bn, potentially for a shareholder dividend, according to sources familiar with the matter. Several financing scenarios are under consideration.

Debt 147
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If I Could Only Make One Move to Improve My Finances in 2025, This Would Be It

The Motley Fool

Image source: Getty Images One of the most common New Year's resolutions people set is to improve their finances. Your credit affects all aspects of your financial life If you're only going to do one thing to improve your finances in 2025, I suggest setting a goal to improve your credit score as much as possible.

Financing 246
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Abacus Finance Names New President

Private Equity Professional

Abacus Finance Group , an active cash flow lender to private equity, has promoted Sean McKeever to President from Chief Operating Officer, Greg Scanlon to Senior Associate from Associate, and has hired Jeremy Pak as an Analyst. billion in financings. Mr. Scanlon holds an undergraduate degree in finance from Rutgers.

Financing 100
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Private credit funds take control of Alacrity in $4.3bn restructuring backed by BlackRock

Private Equity Insights

When BlackRock made its investment, Alacrity carried around $1bn in senior debt and $500m in junior debt, financed by Goldman Sachs wealth management division. Furthermore, upon completion of the restructuring, senior financiers will hold 90% of the companys shares, with Goldman Sachs Asset Management retaining a 10% stake.