Vivarte SAS Chairman Marc Lelandais is asking banks to waive terms governing almost 2.8 billion euros ($3.8 billion) of debt as the French fashion retailer confronts slowing sales amid a sputtering economic recovery.
Nine Entertainment Co. shares fell 3.4 percent on their stock market debut, almost 14 months after U.S. funds Apollo Global Management LLC and Oaktree Capital Group LLC took control of the broadcaster in a debt-for-equity swap.
The world’s biggest retirement fund needs to cut local debt holdings now because Japan’s government will follow an advisory panel’s recommendation that the wealth manager seek higher returns, the panel’s head said. Bonds fell.
Private-equity firms bidding for Forstmann Little & Co.’s talent agency IMG Worldwide Inc. are disagreeing with the earnings projection Forstmann has provided for this year, a week before final bids are due, three people with knowledge of the matter said.
Japanese government bonds fell, with 10-year yields touching the highest level in nine weeks, after the head of a panel advising the world’s biggest retirement fund said it needs to cut bond holdings now.
Former Goldman Sachs Group Inc. director Rajat Gupta’s breach of contract suit against the chief executive officer of private equity firm New Silk Route Partners was dismissed as moot by a federal judge.
Joseph Baratta, who runs the private- equity business of Blackstone Group LP, said the stock market rally that helped firms exit investments may last two more years, as long as the Federal Reserve provides support.
NewStar Financial Inc., the lender backed by private-equity firms Corsair Capital LLC and Capital Z Partners Management LLC, is extending its sale process into 2014, three people familiar with the matter said.