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Hearthside Food Solutions, a major snack manufacturer embroiled in a child labour controversy last year, which is owned by private equity firms Charlesbank Capital Partners and Partners Group Holding has filed for Chapter 11 bankruptcy, according to a report by Bloomberg.
Global lawfirm Goodwin has added Thiha Tun as a partner to its private investment funds practice in London. Tun was most recently a partner at Dechert.
Blackstone Real Estate Debt Strategies and Blackstone Real Estate Income Trust partnered with Miami, Florida-based Rialto Capital and the Canada Pension Plan Investment Board to make the successful $1.2bn bid for the 20% interest in a joint venture set up by the FDIC to hold the failed bank’s $16.8bn in commercial real estate debt.
Global lawfirm Norton Rose Fulbright has appointed Jamal Tuhin as a Partner in London. He was recently named as a recommended individual in the Private equity: transactions high-value deals category in the 2025 edition of the UK Legal 500 guide of leading lawfirms.
Lawfirm Hill Dickinson has appointed James Harmer as a Corporate Partner specialising in debt capital market transactions as part of the firm’s business services group based in its office in London. In his new role, Harmer will cover both private placements of debt and issuances in the public markets.
The winners are: Managers Emerging Fund Raising of the Year: Buyout – 21 Invest (21 Invest Continuation Fund) Emerging Fund Raising of the Year: Co-invest – Qualitas Funds (Qualitas Funds Direct II) Emerging Fund Raising of the Year: Direct Lending – Foresight Group Holdings (Midlands Engine Investment Fund II) Emerging Fund Raising (..)
Global lawfirm White & Case is expanding its global debt finance practice and has appointed Lauren Winter, who has joined from Shearman & Sterling where she was Counsel, as a Partner in London. White & Case has dedicated bank lending, private credit & direct lending and borrower finance teams.
The winners are: Managers Credit Hedge Structured Credit Fund of the Year – Alegra Capital AG (PvB Alegra CLO Fund) Credit Hedge Direct Lending Fund of the Year – Altana Wealth Ltd (Altana Specialty Finance) Credit Hedge Multi-Strategy Fund of the Year – Axiom Alternative Investments Sarl (Axiom Alternative Funds SICAV-RAIF – Axiom Credit Opportunity) (..)
Full service lawfirm Katten has appointed Maximilien Pucci-Sisti Maisonrouge as a Partner in the firm’s private credit practice in New York, where he will work on complex transactions and provide key guidance on various deal types.
Offshore lawfirm Carey Olsen has promoted Michelle Falcucci, Richard Sykes, Tim Bamford, Rachel De La Haye, Andrew Tually and Nienke Malan, with effect from 1 July. She advises on Bermuda corporate and commercial law, focusing on insurance regulatory and transactional matters.
MANAGERS Emerging Manager Best Fundraising – Buyout – Further Global Capital Management LP – Further Global Capital Partners II LP Emerging Manager Best Fundraising – Coinvestment – West Monroe Capital Emerging Manager Best Fundraising – Debt – Atalaya Capital Management Emerging Manager Best Fundraising – Growth – Lone (..)
In fact, it's estimated that financial problems contribute to 20% to 40% of all divorces, according to the Jimenez LawFirm. Not getting in sync could lead you to debt Another issue with not discussing major financial moves with your spouse? If you're not in sync, you might land in debt. That's a scary statistic.
The winners are: Managers Best Overall Fundraising Over $1B – Buyout – EQT Partners AB – eqt x scsp Best Overall Fundraising Under $1B – Buyout – Blackfin Capital Partners SAS (Blackfin Financial Services Fund IV) Best Overall Fundraising – Debt – HSBC Global Asset Management Ltd (HSBC AM Senior UK Direct Lending Fund II) Best (..)
Global lawfirm Goodwin has appointed Ian Keefe and George Weavil as Partners within the firm’s private equity practice in its London office, which covers M&A, private investment funds and debt finance.
Total debt at the end of the third quarter was $582 million, an increase of $23 million from the second quarter as a result of higher working capital loans in India, which helped support the continued ramp of our new plant in the region. billion net of debt. billion, compared to $1.8 billion at the end of the prior quarter.
Global lawfirm Goodwin has appointed John Anderson as Partner in the firm’s private investment funds practice in its London office. In particular, Anderson focuses on senior and subordinated debt, venture debt and other credit fund strategies.
The GP manager categories cover fund performance and fundraising success by firms across a range of private markets investment strategies – including buyout, growth, fund of funds, secondaries, co-investment, debt, real estate and real assets.
The winners are: Managers Performance of the Year – Capital Raise: Buyout – Hellman & Friedman (Hellman & Friedman Capital Partners XI) Performance of the Year – Capital Raise: Fund of Funds – Goldman Sachs Asset Management (Private Equity Managers 2023) Performance of the Year – Capital Raise: Growth – Wellington Management (..)
International lawfirm McDermott Will & Emery has appointed Fatema Orjela as a partner in the firm’s transactions practice group in London. Ordeal’s practice focuses on private equity transactions and related advisory matters. Orjela provides strategic counsel to European and US private equity sponsors.
Image source: Getty Images I have started three different businesses, and all three were funded in three different ways: The first business was my lawfirm. The first was called "debt financing." Under debt financing. With crowdfunding, you neither take on a debt nor do you bring on a partner. Pretty simple.
Traditional lenders and private credit firms are signalling to private equity sponsors, that they’re ready to provide over $15bn in debt for a single high-yield transaction. Banks, now looking past the “hung debt” period caused by Russia’s invasion of Ukraine and soaring interest rates, are resuming lending activity.
Lawfirm Jackson Walker has hired Patrick H Rose, IV as Partner in the corporate & securities practice group in its Dallas office. Rose most recently served as Partner at US lawfirm BakerHostetler.
The report chronicled the company's shift to focusing on silicon-carbide chips, devices, and materials and how the initiative had led to soaring debt. In addition to Axios highlighting issues at Wolfspeed, lawfirm Block & Leviton announced that it had filed a securities lawsuit against the company and some of its executives.
The other interesting component of the case is the lawfirm representing Gannett: the antitrust firm Kellogg Hansen. New Media Investment acquired Gannett in 2019 (keeping the Gannett name), taking on massive debt. Since then, it has done a good job of paying down that debt, lowering it from roughly $1.76
The pre-selection data for the fund manager shortlist was provided by Bloomberg The winners are: MANAGERS Best Overall Fundraising: Buyout – Erisbeg Management Limited Best Overall Fundraising: Debt – CORDET Capital Partners Best Overall Fundraising: Fund of Funds – Marktlink Investment Partners (Marktlink Private Equity Fonds III) Best Overall Fundraising: (..)
Buyout private equity firms are having difficulty offloading companies and returning cash to investors, with direct lenders including Blackstone, Goldman Sachs Asset Management (GSAM) and Neuberger Berman Group swooping in to provide cash, according to a report by Bloomberg.
Golub Capital, a US direct lender and credit manager with over $60bn in AUM, has appointed Camilla Hunter, who was most recently a Senior Associate in the European finance practice of lawfirm Shearman & Sterling, as European Lending Counsel. She will be based in the firm’s London office.
Global lawfirm Hogan Lovells is adding a Corporate & Finance team based in Milan consisting of five Partners who will will be focus on M&A, private equity, capital markets, leveraged finance, and private credit in Italy and EMEA. Caruso has over 15 years experience in debt finance, and general corporate and commercial law.
More than half of large PE firms are looking to acquire an artificial intelligence (AI) business, according to the second annual Global M&A Trends and Risks Report from global lawfirm Norton Rose Fulbright and M&A intelligence specialist MergerMarket.
Global lawfirm Ropes & Gray has named 12 of its existing attorneys as the firm’s latest Partners, effective 1 November, including several whose practices cater for private equity and other private credit and private fund clients.
Italian Association of Private Equity, Venture Capital and Private Debt Sella Venture Partners SGR Investitori SGR HOPE S.B. Entangled Capital SGR Dea Capital Alternative Funds SGR IBLA Capital Generali Investments Europe S.p.A. SGR Alchimia Investments Sagard Equity Partners STYLE CAPITAL SGR S.p.A.
The winners are: PRIVATE EQUITY FUNDS Best Performance Over $1 Billion - Debt (PE) – Oaktree Capital Management (Oaktree Special Situations Fund II LP) Best Performance Under $1 Billion - Debt (PE) – HPS Investment Partners LLC (HPS Special Situations Opportunity Fund LP) Best Overall Performance: Debt - Mezzanine – Veronis Suhler Stevenson LLC (VSS (..)
Addleshaw Goddard adds partner to private funds team Submitted 05/09/2023 - 1:24pm International lawfirm Addleshaw Goddard has appointed Ben Cocoracchio as partner in its private funds team in London. He joins from Osborne Clarke where he focussed on venture capital, private equity, debt and real estate.
It serves over 4,000 institutional LPs, 700 GPs, and 4,000 of their fund offerings, and is integrated with over 400 service providers, from lawfirms and fund administrators to capital introduction and placement agents, among others. www.subscribeplatform.com
We ended the quarter with 1,449 total customers, $139 million of cash, and no debt. In our testing with top Am Lawfirms, the results were outstanding. Turning to the balance sheet and cash flow statement, we ended Q2 with $130 million in cash, and cash equivalents, and no debt. Services revenue was $6.7
Our $518 million development pipeline will generate meaningful NOI as it delivers and stabilizes and our balance sheet is strong with ample liquidity to fund the remainder of our development spending and all debt maturities until 2026. We just had an engineering firm last quarter, take another 10,000 feet. Turning to our balance sheet.
It's like a private equity that retail investors can invest in because they also take on debt, they can do things like preferred shares, which are really more like debt than they are like stock, even though it's called preferred shares. Every once in a while, they can do secondaries, but it's really difficult. Generally, they don't.
Featured Deal After sourcing this criminal lawfirm alongside a buyside advisor, a senior-level executive and lawyer went to market to find a financing partner for the transaction in September 2024. The buyer was looking for debt to finance 82% of the purchase price, with a 10-year seller note accounting for the other 18%.
I've heard firsthand from general counsels and lawfirm partners and associates about the time savings and simplicity Disco has brought to their legal operations. In particular, we are investing to enhance our approach to enterprise clients, both corporate legal functions and large lawfirms. We ended Q3 with $157.7
They had to take on some high yield debt from Apollo in October to extend their maturities. And I think that's just good to review every year anyhow, just to make sure your manager managing your debts properly. If you just look at the core operating business that still sticks around today is the cash-burning business.
The customers were a combination of lawfirms and large corporate users, and we are already hearing some great feedback. It was exciting to hear the founding partner of a leading Houston-based lawfirm explain to us the benefits they were receiving from Cecilia. million in cash and cash equivalents and no debt.
We ended the first quarter with around $149 million of cash, no debt, and 1,442 customers, up 4% from this time a year ago. million in cash and cash equivalents and no debt. We're talking big lawfirms here in the U.S., Services revenue was $5.7 million in the first quarter and adjusted EBITDA was negative $5.2
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