Only 10 of the largest 50 private equity firms in the world sold more than they bought during a five-year period characterised by sky-high prices and bidding wars, PEI Media research shows.
3 min read · 08 February 2013
Asian creditors of the women’s fashion brand are trying to force it into bankruptcy. Ellen Tracy is owned by Wilco Consumer Capital, Radius Partners and Windsong Brands.
2 min read · 08 February 2013
Sausage casing maker Kalle has now passed to its third private equity owner in a €213m deal. Bank of Ireland led the €113m financing.
1 min read · 08 February 2013
The 'European-style' waterfall is gaining traction in North America, but US general partners need not fear this trend.
5 min read · 08 February 2013
Rules governing foreign investment in US property are outdated, argue opponents. Capitol Hill may finally be listening.
3 min read · 08 February 2013
A US real estate fund managed by RREEF might receive an approach from San Francisco-based Stockbridge Capital Partners to take over the management of the vehicle. Meanwhile, two other RREEF-managed closed ended real estate funds are coming under pressure from stockholders.
4 min read · 08 February 2013
The Leon Black-led firm, a significant junior lender to the bankrupt packaging maker, has contested management’s reorganisation plan giving control of the company to senior lenders.
2 min read · 08 February 2013
The payment will reimburse the Spanish toll road developer for post-award bid costs related to the procurement of the $5bn State Highway 121 project in North Central Texas. The US Department of Transportation has previously argued that Texas' procurement process for the project violated federal law.
3 min read · 08 February 2013
The state’s department of transportation will not reach commercial close on the project this month due to local concerns and challenging credit market conditions. The project is to be 100% financed by a concessionaire that includes Sydney toll road developer Transurban and US engineering firm Fluor.
2 min read · 08 February 2013
The Swiss-based alternatives firm which advises some of the largest investors in the world says only very few markets such as the UK have reached the ‘late downturn’ stage. The finding comes as Blackstone is tipped to buy a 50 percent stake in a London office complex for £150m.
2 min read · 08 February 2013
