Global private equity and venture capital news and research

Posts Tagged ‘insolvency’

6 October 2016

US court blocks further creditor action against Caesars to save agreed $5bn settlement

caesars-palace-573599_1920 A US judge has imposed an injunction on all further legal action against Apollo and TPG-backed Caesars Entertainment Corp in order to preserve a $5bn settlement with creditors.

28 September 2016

Apollo, TPG-backed Caesars Entertainment arranges $5bn settlement for insolvent subsidiary

play-593207_640 Caesars Entertainment Corp and its owners Apollo Global Management and TPG Capital Management have agreed a $5bn settlement for the group's bankrupt operating unit.

8 April 2016

Golden Gate backs Pacific Sunwear restructuring after Chapter 11

teenager-661942_640 San Francisco-based private equity firm Golden Gate Capital has agreed to support insolvent teen clothing retailer Pacific Sunwear of California through its revamp.

4 January 2016

PE-backed Dutch retailer V&D files for insolvency

shopping-centre-1003650_1920 Dutch department store chain Vroom & Dreesman (V&D), which is backed by US private equity firm Sun Capital Partners filed for insolvency protection last month after a holiday sales flop.

28 July 2014

Vince Cable calls in regulator for OpCapita-backed Comet administrators

old-brown-suitcase-2-1049630-m The administrators involved in the sale of failing high street chain Comet to equity firm OpCapita have been referred to their regulatory body by Business Secretary Vince Cable.

7 February 2014

Gambling group Codere defaults on loan

euro fire burn Spanish gaming group Codere has defaulted on a €172.2m loan from Canyon Capital Finance and Blackstone’s GSO Capital Partners.

5 August 2013

Turnaround investor Better Capital hires PPF restructuring specialist Richard Favier

Listed turnaround investor Better Capital has hired Richard Favier, former head of restructuring and insolvency at the Pension Protection Fund.

6 December 2012

Trigon Equity picks up insolvent German wood product maker Menz Holz

Menz-Holz-rose-arch Turnaround specialist Trigon Equity Partners has bought German wood product provider Menz Holz out of insolvency.

1 May 2012

VC-backed wind energy company files for insolvency

German VC-backed wind energy company PowerWind said it will undertake corporate restructuring after filing for insolvency.

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