Monday, 30 March 2015
Last updated 6 hours ago
Oct 16 2013 | 10:59am ET
Private-equity firms are taking advantage of loosening credit markets to refinance cash-strapped portfolio companies in Europe.
Standard & Poor's Leveraged Commentary and Data shows that p.e.-owned European companies have refinanced €23 billion in debt this year, a record. Last year, the total amount of renegotiated debt on the loan and high-yield bond markets was €17 billion.
Renegotiated debt also hit a record in the U.S. this year, with US$149 billion in refinancing volume, as borrowing costs have dropped.
Dividend recapitalizations are also up this year, at US$11.2 billion in Europe, according to S&P, the highest level since 2007.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…