Home Distressed Investment

Distressed Investment

Greenwich, Connecticut-based Littlejohn & Co. has brought on two distressed vets to spearhead the group’s new focus on the asset class. The firm is just the latest of a growing number of firms to build distressed capabilities.
The latest incarnation of Sithe Global Power, a Blackstone investment, represents a shift in the electric energy opportunity, as distressed deals dry up and equity sponsors clamour for greenfield strategies.
Paul Capital’s third Top Tier venture fund has gotten larger while most VCs get smaller.
Joseph Wender, a 30-year Goldman Sachs partner, has joined New York alternative investment giant GSC Partners in its new Los Angeles office.
UK carpet and laminate underlay manufacturer Interfloor has been sold by Rutland Partners through an £84m secondary buyout.
Adam Blumenthal and Josh Wolf-Powers, former investment professionals for the Comptroller of the City of New York, have left the pension advisor to launch an independent private equity firm that will focus on ‘complex situations’.
Toronto’s Teachers’ Private Capital and Los Angeles’ Ares Management have agreed to acquire a majority stake in National Bedding, the major manufacturer of Serta mattresses, the third largest mattress brand in the US.
Debt and distressed player GSC Partners is launching a hedge fund – and picking up two distressed pros to help. By Aaron Lovell.
Vivek Paul is joining the private equity firm from Wipro, India’s third-largest software exporter and a large outsourcing player.
The UK mid-market private equity firm has announced changes to its senior management team, with Chris Dowling stepping down as managing partner.
ii
ii

Copyright PEI Media

Not for publication, email or dissemination