The distressed debt investor will convert credit holdings into equity and provide the company with DIP financing as part of a pre-pack restructuring plan.
2 min read · 10 September 2015
The US-based alternative investment manager has acquired Trimont Real Estate Advisors to capitalise on growth in the non-bank financial services. Trimont will be combined with First City Financial Corporation, which Värde bought in 2013.
2 min read · 09 September 2015
The private investment arm of New York Life Insurance Company has launched its fourth mezzanine fund, the predecessor of which raised over $1 billion.
2 min read · 09 September 2015
The real estate debt and equity investor has supported the deal with a first mortgage on the former hospital property portfolio.
2 min read · 09 September 2015
The buying spree continues with Wells Fargo still said to be in the running for GE Capital’s $40 billion US commercial lending and leasing business.
2 min read · 09 September 2015
The UK-based Momondo Group, which runs travel website Cheapflights, is seeking to expand is global reach.
1 min read · 08 September 2015
The banks are each lending the Texas-based distressed giant £750 million to support its £2.2 billion mixed loan and real estate portfolio purchase.
2 min read · 08 September 2015
The sale of Northern Irish Project Eagle to Cerberus is already under investigation by the National Crime Agency following allegations that fees were being channelled to an unidentified Northern Irish politician.
2 min read · 07 September 2015
John Davison has left Royal Bank of Scotland to join Pillarstone as chief executive officer and co-investor.
2 min read · 07 September 2015
The real estate manager has up to €2bn available to invest in European real estate debt annually.
3 min read · 03 September 2015
