The turnaround specialist will work with private equity firms to restructure struggling portfolio companies.
2 min read · 08 February 2013
Lower fees, smaller funds and lots of GP communication top LP wish lists, writes Amanda Janis.
3 min read · 08 February 2013
Retail REIT General Growth has collapsed, and private equity real estate is best positioned to pick up the pieces.
2 min read · 08 February 2013
Details have been revealed of Carlo Puri Negri’s compensation deal for leaving Pirelli Real Estate as a board director two years earlier than originally planned. As well as a €9.4 million pay off, he will get €3 million over two years for not competing against the company and €800,00 a year for a consultancy role.
1 min read · 08 February 2013
The US’ second largest mall owner, burdened with $27.3bn of debt, has ‘reluctantly’ filed for Chapter 11 bankruptcy protection after unsuccessfully trying to refinance its loans out of court. The REIT has obtained $375m of DIP financing from investment firm Pershing Square to continue operations.
2 min read · 08 February 2013
Macquarie Infrastructure Company has 45 days to explain to the exchange how it plans to regain compliance with a minimum market capitalisation standard of $75m.
2 min read · 08 February 2013
Italy’s Pirelli group issued a flat denial today that it is contemplating the break up and sale of its real estate funds under management contrary to various press reports.
1 min read · 08 February 2013
Hicks Sports Group, which owns professional sports teams the Dallas Stars and the Texas Rangers, is in default after missing a $10m interest payment on its more than $500m debt load.
2 min read · 08 February 2013
Private equity-backed companies, such as Italian yacht builder Ferretti, accounted for 79% of defaulting companies during 2008, according to Standard & Poor’s. Default rates will continue to accelerate, says the ratings agency.
1 min read · 08 February 2013
The president continued filling out the top echelon of the department by selecting Maryland Department of Transportation head John Porcari as deputy secretary.
2 min read · 08 February 2013
