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Huge strides have been made in bridging the apparent gulf in understanding between the needs of LPs on the one hand, and GPs on the other. Much of the progress has been thanks to the work of the ILPA in introducing new industry standards
Bidders for Japanese air bag manufacturer Takata including PE majors KKR, Carlyle and Bain Capital are reportedly considering a bankruptcy option for the business. 
Private equity-backed ITT Educational Services, a for-profit US college operator, is reportedly preparing to file for bankruptcy.
Apollo Global Management and TPG Capital Management have been advised to fund Caesars Entertainment Corp’s reorganisation efforts. 
Private equity-backed teen retailer Claire’s Stores has reportedly opened talks with creditors about restructuring its debt. 
US teen retailer Aeropostale has accused private equity firm Sycamore Partners of planning a ‘loan to own’ scheme to force it into bankruptcy. 
US buyout house Apollo Global Management is reportedly the sole bidder to date for four Italian banks rescued from bankruptcy last year. 
Teen clothing chain Aeropostale is reportedly looking to bring claims against a private equity firm after claiming it drove it into bankruptcy. 
A bankruptcy action for the assets of private equity-backed US sporting goods chain Sports Authority has reportedly attracted interest from a pair of trade buyer majors. 
San Francisco-based private equity firm Golden Gate Capital has agreed to support insolvent teen clothing retailer Pacific Sunwear of California through its revamp. 
Private equity-backed US sporting goods chain Sports Authority could sell some of its stores and IP to competitor Dick's Sporting Goods after its planned bankruptcy filing, it has emerged. 
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