Creditors for the North Carolina-based hotel chain are claiming the firms inflated the sales price of the company in the 2007 buyout, leaving the company insolvent.
2 min read · 15 January 2013
A consortium led by Vinci has raised €3.8 billion in debt and equity from ten banks to reach financial close for the €7.8 billion Tours-Bordeaux high-speed rail line, in France.
2 min read · 15 January 2013
The project, which involves the construction of a 772-bed hospital in downtown Montreal, has reached financial close, marking the largest-ever bond offering for a Canadian PPP.
2 min read · 15 January 2013
The New York-headquartered distressed debt investor says it is not closing its Asian operations, a claim put forward by a web site this week.
2 min read · 15 January 2013
The industry has about $376bn of uncalled capital that was raised in the peak credit years, an overhang that is driving up prices and could expand as many firms are raising funds this year, according to Cambridge Associates.
3 min read · 15 January 2013
The start-up firm run by Ric Lewis has brought forward a first close for Curzon Capital Partners III as it hones in on 5 European deals during a time when spreads between core-plus and value-added yields are at ‘a cyclical high’.
2 min read · 15 January 2013
Gulf Credit Partners will launch its debut fund targeting $250m to $300m in September to meet a large demand for leverage, says Gulf CEO Karim El Solh.
1 min read · 15 January 2013
The private equity firm continues to diversify its holdings, buying into a hedge fund group six months after its first foray acquisition in the space.
2 min read · 15 January 2013
Permira is soon to launch its fifth buyout fund with a target that speaks to a radically changed environment to that of 2006, when it last hit the fundraising trail.
2 min read · 15 January 2013
Chad Pike, senior managing director and co-head of real estate at The Blackstone Group, said a ‘long, steady flow of deals was inevitable’, as he revealed the firm was about to close on a deal in Germany that went into bankruptcy in 2008.
2 min read · 15 January 2013
