The listed infrastructure fund managed by Brookfield Asset Management will use the proceeds to fund investments and acquisitions and general corporate purposes.
1 min read · 08 February 2013
Clothing retailer Eddie Bauer filed for bankruptcy Wednesday and agreed to be acquired by CCMP Capital Advisors for $202m. CCMP becomes the high bidder for the company but could still be outbid.
2 min read · 08 February 2013
The European mezzanine veteran will evaluate credit opportunities for Clayton, Dubilier & Rice.
1 min read · 08 February 2013
The credit rating agency affirmed its ‘negative’ outlook for the sector but said that traffic is now decreasing at a slower pace than before and the sector holding up better than airports or container terminals.
3 min read · 08 February 2013
The hotel group acquired by the New York-based private equity real estate firm in June 2007 for $7.4bn has filed for bankruptcy protection after it failed to restructure around $7.6bn of debt. There are no plans to close or sell the hotels.
2 min read · 08 February 2013
The cash infusion will help Goodman meet liabilities this year. The Australian property group says the agreement with CIC also envisages the pair working on a broader strategic relationship.
2 min read · 08 February 2013
Cerberus expects to make a 100% recovery on the secured $700m loan. The hotel group was acquired by an investor group led by private equity real estate firm Lightstone Group in June 2007 for $7.4bn. There are no plans to close or sell the hotels.
2 min read · 08 February 2013
Lending by active financial institutions declined by $15bn between 2007 and 2008, according to Cushman & Wakefield Sonnenblick Goldman. Life companies have moved to fill some of the capital void but their 2009 originations will be 20% down on 2008 levels.
2 min read · 08 February 2013
The European and Asian Special Situations fund has up to $300m in capital soft-circled and is targeting a first close this June.
1 min read · 08 February 2013
Opportunistic real estate fund managers need to underwrite potential deals with no leverage assumptions in the current environment. For deals to be attractive unlevered returns must be at least 15%.
2 min read · 08 February 2013
