The EU is still in the process of adapting its controversial Directive on Alternative Investment Fund Managers after a storm of criticism from the affected managers and plenty of disagreement among the member states. In the meantime, here is what private equity firms need to worry about in the current proposal. By Marcia MacHarg, Anthony McWhirter, Philipp von Holst and Ina Maria von Raven of Debevoise & Plimpton
8 min read · 08 February 2013
The southern US state’s first PPP has been suspended just days before the bid submission deadline for the 12 mile toll road. Officials blame the suspension on the credit crisis and the recession, which have made it difficult for several other PPP procurements to reach completion this year.
3 min read · 08 February 2013
Private equity firms have invested $2.7 billion in Indian infrastructure since the beginning of 2006 and a pick up in investment activity is anticipated in the next eight to 12 months.
2 min read · 08 February 2013
The Silver Lake- and TPG-backed company won out over a joint venture between Siemens and The Gores Group, despite protests from creditors including MatlinPatterson.
2 min read · 08 February 2013
The private investment firm's distressed debt fund was 50% oversubscribed.
1 min read · 08 February 2013
The LA-based firm is preparing to “re-engage” with the creditors of Japan’s first failed REIT.
1 min read · 08 February 2013
The Dallas-based firm’s attempt to buy Japan’s first failed REIT is blocked for a second time by creditors. A rival bid from Daiwa House remains on the cards if New City can avoid liquidation.
2 min read · 08 February 2013
Small firms that have relied on lines of credit to smooth cash flow may have to wait until 2011 for relief, writes Kevin Ley.
3 min read · 08 February 2013
The South African bank is to fund infrastructure projects in Sub-Saharan Africa to the tune of $150m with the support of the IFC. The funds will target infrastructure schemes in the telecommunications, oil, gas and energy sectors.
1 min read · 08 February 2013
Jon Moulton’s resignation letter to LPs boldly advises winding down the firm’s non-traditional fund and breaking up the portfolio – a suggestion not lost on rivals and secondary investors.
2 min read · 08 February 2013
