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Restructuring

News

PE Portfolios Take Center Stage

Private equity firms are taking strong measures to improve the operations and performance of their portfolio companies, according to a survey conducted by McGladrey Capital Markets.

FDIC's Failed-Bank Bid Plan Blasted

A Federal Deposit Insurance Corp. plan to place new restrictions on private equity firms seeking to buy failed banks is facing strong opposition from fellow bank regulators and could temporarily freeze all private equity activity in bank acquisitions.

Corporate Default Rate Reaches 9.2%

The U.S. speculative-grade corporate default rate reached 9.16% in June, a year-to-date high, according to a report issued by Standard & Poor’s Thursday. Another 18 companies defaulted last month, bringing the yearly total to 119.

Assured Cements Hold On Monoline Industry

Assured Guaranty Ltd. completed its $822.1 million purchase of Financial Security Assurance Holdings Ltd. yesterday, creating a dominant bond insurer in a decimated industry.

Crabtree & Evelyn Files For Bankruptcy

Personal care products retailer Crabtree & Evelyn Ltd. has filed for bankruptcy, citing debt pressures and the decline in consumer spending.

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Articles

Changing Of The Hedgies Guard

It's no longer just the brand-name hedge funds that win out. Indeed, it's the emerging hedge fund manager talent that shows promise of greater returns, while hedge funds with fewer assets under management offer something else fund of fund managers long for -- the ability to adapt quickly.

If At First You Don't Succeed...

Eighteen months ago, few sellers in the midst of a sales process would put much thought into a possible 'Plan B.' If a deal fell through, advisers could merely go to the next bidder in line and forfeit little in the way of a premium. However, these days if one buyer bails, it's possible, or even likely, that no one else is waiting in line to pick up the pieces.

Plenty of Qatalysts For Tech

Qatalyst Group's newest partner, Ian MacLeod, talks to IDD about consolidation in the technology sector.

Carlyle Adviser Joins Morgan

James Hance Jr., the former chief financial officer at Bank of America and currently a Carlyle Group senior adviser, will join Morgan Stanley's board of directors next month. Hance, whoretired as B of A's financial chief in 2005, will join Morgan Stanley in July, the company said.

Lights, Camera ... Inaction!

With estimated attendance off as much as 30%, there was plenty for filmmakers to grouse about at the Cannes Film Festival this spring. Amid the celebrities and paparazzi, entertainment executives decried the lack of funding that will make otherwise viable pictures likely cinematic flops.

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