KKR’s newly raised $1bn mezzanine fund is an illustration of how popular this area has become with limited partners, who are increasingly attracted by its risk/reward profile
2 min read · 15 January 2013
A painful debt hangover continues to hamper Spain’s and Portugal’s economic recovery, not to mention the banks’ willingness to lend. But the turbulence is also throwing up opportunities from distressed sellers and previously reluctant family-owned companies, reports Nicholas Donato
8 min read · 15 January 2013
The pair call the Czech Republic ‘one of the most resilient economies’ in Europe as they reveal the purchase of two shopping centres from Multi Corporation.
2 min read · 15 January 2013
Avedon Capital Partners has completed its spin-out from Dutch bank NIBC, a transaction led by Goldman Sachs Asset Management. Goldman is taking a stake in the group's prior fund and is also one of three major backers for Avedon's current fund, which is targeting €200m.
2 min read · 15 January 2013
‘The strong credit quality of the asset class and resilient contractual structures’ has helped European public-private partnerships withstand the financial crisis well. But deteriorating public finances, ongoing austerity and a constrained bank market pose risks for the industry.
2 min read · 15 January 2013
Together with UK-based NATS, the Spanish developer will provide air traffic control services at 10 Spanish airports. Local private air traffic control company Saerco was awarded the contract for three other Spanish airport control towers.
2 min read · 15 January 2013
The real estate investment arm of Morgan Stanley and The Witkoff Group have purchased 1107 Broadway from Lehman and plan to infuse $100 million into the property to convert it to luxury condos.
2 min read · 15 January 2013
The new fund will seek up to $500m in commitments and will provide debt financing in special situation transactions.
1 min read · 15 January 2013
The firm has made four investments in Europe this year and is more active in the region than in the US, says president Tony James.
2 min read · 15 January 2013
The private equity firms will invest $50m each in Amalgamated Bank for a shared 40% stake in its common stock.
2 min read · 15 January 2013
