Barclays Private Equity

Barclays Private Equity | Private Equity Profile

The following piece on Barclays Private Equity is being published as part of our Private Equity Tracker Tool, our daily effort to track private equity firms in the industry.

Resource #1:  Barclays Private Equity, the U.K. bank's buyout arm, has put luggage-maker Antler up for sale, the Sunday Times reported.  Barclays Private Equity bought Antler in a management-backed deal for GBP44 million in 2004 from Royal Bank of Scotland PLC's (RBS 17.47, -0.92, -5.00%) equity finance arm, it added.  KPMG has been hired run the auction process.

A representative for Barclays Private Equity wasn't immediately available to comment.   Source


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Tags: private equity barclays, barclays finance, investing, investors, buyout barclays, barclays buyout funds, barclays private equity funds, bank, barclays llc, barclays limited partners, management

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Mezzanine Financing

Mezzanine financing refers to a combination of debt and equity financing. Mezzanine financing is typically used by expanding companies that need money but don't want to go public and risk losing ownership of the company. Mezzanine lenders offer the company the desired funds and do not require collateral. However, mezzanine lenders charge unusually high interest rates (often 20-30%) because the risk for the mezzanine lender is very high.

In addition to high interest rates, mezzanine lenders can convert their loan to equity or ownership if the company defaults on the loan. So, although there is a major risk that the lender may lose a lot of money on the loan, the borrower also faces significant risk. Mezzanine financing particularly attracts privately-owned companies, because it is a way to secure funds from lenders that have no active interest in the company. The dual risks to the mezzanine lender and the borrowing company make the exchange much more involved and lasting. Thus, the mezzanine lender carefully looks to reduce risk by investing in an established, promising business. Companies hoping to attract mezzanine funding usually submit detailed proposals that assure the lender that the investment will be profitable.

Link to This Resource: Mezzanine Financing

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Alchemy Partners

Alchemy Partners | Private Equity Profile

The following piece on Alchemy Partners is being published as part of our Private Equity Tracker Tool and our daily effort to track private equity firms in the industry.   If you are looking for contact details on Alchemy Partners please see PrivateEquityDirectory.com  


Resource #1: Founder Jon Moulton Resigns from Alchemy Partners

(9.3.09) Jon Moulton has quit the private equity firm he founded in 1997, Alchemy Partners. However, he did not "go quietly into the night" rather his decision to leave followed a board-room blowup where he was pushed out by other partners. His ire seems primarily directed at managing partner, Dominic Slade, who will succeed Moulton.

Read whole letter...

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Tags: alchemy partners, dominic slade, managing partners, alchemy partners, investments, assets, alchemy partners information, contact, private equity, buyouts, alchemy partners partners

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Recruiting Private Equity Executives

In a shaky private equity industry, a Forbes article suggests a survival instinct has kicked in for private equity firms.

Of course, capital is the primary focus of private equity firms, but in order to survive in these uncertain financial times many have shifted their focus to human capital. Strong leadership will likely be the difference between a collapsing firm and a successful one. So having capable veteran executives has become a vital element in private equity. But how do firms find a worthy candidate? Ana Dutra heads the leadership development division for executive recruiter Korn/Ferry International and she confesses that finding the best candidate is not an exact science. However, she says there is a method most executive recruiters use.

Firms sometimes use a rating system that analyzes, among other things, the candidate's entrepreneurial energy and experience in turnaround circumstances. One private equity executive recruiter said that the key is focusing long-term on a good adaptable candidate, as the industry is very fast-paced and subject to major changes. Most recruiters agree that hiring a seasoned veteran who brings leadership credentials is critical for firms, especially in today's shaky market. As the private equity industry expands into emerging markets having a strong executive will likely prove to be the edge on the new firms.

Link to This Resource: Recruiting Private Equity Executives

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