Will the US' Term Asset-Backed Securities Loan Facility be the kickstart the commercial real estate industry hopes it to be?
2 min read · 08 February 2013
The real estate investment firm co-founded by Sam Zell and Gary Garrabrant has purchased 20m shares of Sao Paolo-based Construtora Tenda after Equity’s portfolio company Gafisa took a 60% ownership stake last year.
2 min read · 08 February 2013
The distressed investment specialist is surrendering all its stock in Thornburg Mortgage and has resigned its board seats. The residential mortgage lender has been given a grace period by lenders to come up with a restructuring plan.
2 min read · 08 February 2013
A private equity owned fund has agreed its first direct infrastructure investment with the acquisition of a Michigan-based power plant.
1 min read · 08 February 2013
Management consultants McKinsey have called on pension funds to help India fund infrastructure improvements
1 min read · 08 February 2013
The insolvent maker of aluminium products received court approval for a $1.075bn bankruptcy financing package despite objections from various lenders, including its owner TPG, and lenders Babson Capital and GSC Group.
2 min read · 08 February 2013
Private investors are abandoning road and rail building partnerships in Russia after the Duma slashed its transport infrastructure budget by 90%
1 min read · 08 February 2013
Fortress has attributed its $162m loss last year to non-cash adjustments for fair value write-downs and clawback reserves. But the firm remained upbeat on an analyst call, with chief executive Wes Edens forecasting an opportunity-laden ‘great liquidation’ of financial services assets following the current recession.
3 min read · 08 February 2013
The Canadian door maker has filed a pre-arranged bankruptcy in which the majority of the company’s creditors are supporting the restructuring plan. KKR, which has lost its equity stake of $429m in the company, took part in planning the restructuring.
2 min read · 08 February 2013
Euronext-listed fund of funds Lehman Brothers Private Equity Partners is changing its name to NB Private Equity Partners and will help its bankrupt parent company unload 14.5 million shares in secondary transactions beginning in mid-2010.
2 min read · 08 February 2013
