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As funds swell, pressure to deploy rises and managers can stray from their expertise
The era of pure-play private equity is over. Banks are pulling different divisions together to serve the complex needs of global asset managers
Specialist moves after 18 years in the market
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Northgate Information Solutions, the holding company of NGA Human Resources, the HR software and payroll services provider, has announced a new capital structure following a full debt-to-equity swap of subordinated debt and £320m of new senior debt.
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Fresenius SE, the German medical services company, received its second investment grade rating this week with a Moody's one notch upgrade on Monday. But there was little movement in the company's bond prices as market participants said the change had long been priced in.
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UBS has further strengthened its leveraged finance business, hiring an ex-Credit Suisse banker for a new role focusing on private equity and corporate clients.
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Asia’s debt market saw a busy Tuesday with a trio of issuers, SP PowerAssets, Stats ChipPac and TUS Holdings, venturing out for dollars.
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A $328.6m loan for poultry feed producer Charoen Pokphand (CP) Indonesia has seen nine lenders join, as the borrower sealed most of the funds in its local currency while capping the dollar portion at $100m.
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Veritas Technologies, the Californian data storage company, has increased its high yield bond issue to make up for a disappointing loan financing. But initial price talk has yet to emerge.
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