Distressed property owners will be allowed to talk to special servicers about restructuring securitised loans before imminent default without triggering tax penalties. The move has criticised for reinforcing the “extend and pretend” attitude of the financial industry.
2 min read · 08 February 2013
The treatment of unsecured lenders in Europe may have severe repercussions for future liquidity, writes Andy Thomson.
2 min read · 08 February 2013
A group of shareholders in Builders FirstSource allege JLL Partners and Warburg Pincus want to enrich themselves at the expense of other shareholders.
4 min read · 08 February 2013
Against a ‘fragile’ economic backdrop, the listed firm continues to sell assets and invest only in existing portfolio companies.
2 min read · 08 February 2013
The Australian investment bank will assist the US territory in formulating guidelines, procedures and methodologies for the programme. The programme was enabled in June by a PPP law that Macquarie managing director DJ Gribbin hailed as ‘one of the best legal structures in the United States’ for PPPs.
3 min read · 08 February 2013
In addition to his private equity duties, Melvin Teo will also succeed Teresa Lin as the Singapore-based bank’s China head.
2 min read · 08 February 2013
Hot on the heels of its $1.1bn fund close, credit-focused manager Oak Hill has added Alexandra Jung to co-head its European operations.
2 min read · 08 February 2013
The US government should introduce a programme to help commercial real estate investors with performing loans refinance debt that is coming due warning the asset class would be the “second shoe to drop”.
1 min read · 08 February 2013
The Colony Capital-backed hotel owner, the largest in Europe, has sold a portfolio of budget hotelF1s in a €272m sale-leaseback deal.
2 min read · 08 February 2013
Private equity infrastructure funds have long used different structures than their traditional private equity peers.The asset class provides some intriguing examples of the benefits and drawbacks of some innovative models, among them the open-end fund structure.
6 min read · 08 February 2013
