Another large French high-speed rail project was influential as project finance activity slowed down in the third quarter.
2 min read · 15 January 2013
Castilla-La Mancha is nine months behind its agreed shadow toll payments for a road concession awarded to an ACS subsidiary. Moody’s says there is ‘growing evidence that Castilla-La Mancha is prioritising core expenditures ahead of its payment obligations’ to the concessionaire.
2 min read · 15 January 2013
A joint venture between the New York-based private equity firm and the Palm Beach, Florida-based hotel REIT has acquired the 64 hotels owned by Innkeepers for $1.02 billion. Innkeepers subsequently has emerged from Chapter 11.
2 min read · 15 January 2013
Another large French high-speed rail project was influential as project finance activity slowed down in the third quarter.
2 min read · 15 January 2013
US buyout firm General Atlantic has acquired a stake in distressed debt specialist Oak Hill Advisors in a further sign of private equity’s appetite for debt investments.
2 min read · 15 January 2013
Write-downs may not be linked to the divorce rate, but they are a fact of life in a difficult economic environment, writes Nadim Meer, partner at law firm Dundas & Wilson.
3 min read · 15 January 2013
The firm has agreed to acquire a portfolio of consumer credit debt from Bank of America’s MBNA unit — one of the largest issuers of credit cards. AnaCap is positioning to take advantage of banks’ divestment of non-core assets.
3 min read · 15 January 2013
The consortium has paid £105m to buy a transmission link to an offshore UK wind farm from DONG, Scottish and Southern Energy, PGGM and Ampere Equity Fund. The European Investment Bank is backing the deal with £52m of debt.
2 min read · 15 January 2013
Five banks are backing the Italian developer to help finance a satellite-based tolling system for heavy vehicles across France. Atlantia suffered a convoluted procurement process for the contract, at one point seeing the tender annulled by a French court.
1 min read · 15 January 2013
What a recent hire by TPG tells us about the way the big guns of private equity are approaching this market. By Robin Marriott.
2 min read · 15 January 2013
