Saturday, 30 August 2014
Last updated 15 hours ago
Sep 20 2012 | 10:05am ET
Private equity firm CVC Capital Partners is losing a key Asia-Pacific executive in the midst of its negotiations over the restructuring of Nine Entertainment's debt.
Adrian MacKenzie will leave his post as CVC's Australia and New Zealand chief in December, according to a note to investors. MacKenzie has been with CVC for 17 years, 15 of them in the Asia-Pacific region, and joined the firm's board in 2007.
MacKenzie has reportedly been seeking an exit since April, but agreed to remain on to spearhead talks with Nine's lenders, including hedge funds Apollo Global Management and Oaktree Capital Management. The Nine restructuring is likely to cost CVC its entire initial equity investment of A$1.9 billion.
"Adrian has been a successful partner at CVC and was instrumental in establishing our Asian business and in launching our first Asia fund in 2000," firm co-founder Rolly van Rappard wrote. "It has been Adrian's decision to leave and he will remain a friend of the firm."
Graham Brooke, a Sydney-based managing director, will take over MacKenzie's duties in Australia.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...