The Boston-based real estate investment firm’s offer has been approved as a stalking horse bid. CrossHarbor, which has provided DIP financing to the bankrupt private members ski and golf club, previously made a reported $470m bid for the US resort in 2008.
2 min read · 08 February 2013
Fresh from raising nearly €1bn for its eighth mid-cap fund, the French private equity firm is aligning itself to take advantage of market dislocation. It is also raising its third small-cap fund.
2 min read · 08 February 2013
The Bridgeport, Connecticut-based People's United Bank has agreed a $35 million, three-year refinancing with opportunistic investor Talcott Realty. The loan is backed by the office property One Financial Plaza in Hartford.
1 min read · 08 February 2013
AREA Property Partners has teamed up with F&C REIT to buy a package of properties once owned by Dawnay Day, the property investor whose subsidiary companies were placed into administration last year.
2 min read · 08 February 2013
Cezary Podkul examines the reasons behind banks’ retreat from project finance.
2 min read · 08 February 2013
Octopus Investments has earmarked a £40m pool of capital to provide finance to small- and medium-sized businesses.
2 min read · 08 February 2013
As the UK government reveals plans to lend £2bn of public money to struggling private firms engaged in private finance initiatives, research finds that 96% of contract managers were bullish on the overall performance of PFIs in 2008.
2 min read · 08 February 2013
The mega-firm acquired Masonite in 2005 in a deal valued at C$3.1bn, using about $429m in equity. Masonite’s fortunes began to turn last year as the US housing market declined.
2 min read · 08 February 2013
The switch from a vehicle fuel tax to a vehicle miles traveled tax would be complemented by a range of financing mechanisms like expansion of the TIFIA credit program and more support for PPPs, according to the National Surface Transportation Infrastructure Financing Commission’s final report to Congress.
3 min read · 08 February 2013
The European venture firm collected commitments from LPs in just three months for its latest early stage fund. It is the same size as its 2007 predecessor, which has been nearly fully deployed alongside a growth capital fund.
2 min read · 08 February 2013
