The retirement community REIT, American Land Lease, will be bought by the Chicago-based private equity real estate firm. The deal is expected to close early 2009.
2 min read · 12 January 2013
The private equity real estate firm will invest in value-added and development opportunities in the region through its second Asia-focused real estate vehicle, according to US pension documents. Carlyle raised $410m for its first Asia-focused fund three years ago.
2 min read · 12 January 2013
The mortgage and auto lender has extended the deadline of its tender offers as a last ditch effort to meet the capital requirement of $30bn.
1 min read · 12 January 2013
The California-based oil change service provider is selling its assets to its lenders, Goldman Sachs and Blackstone debt unit GSO Capital Partners, amid steep losses. The company blames the recession, high gas prices and negative publicity for its bankruptcy filing.
2 min read · 12 January 2013
The San Francisco-based real estate secondaries firm has appointed former SL Green/Gramercy Capital executive as LPs increasingly look to liquidate some of their real estate positions. The appointment comes as Liquid works with LPs faced with capital calls in excess of their distributions.
1 min read · 12 January 2013
The private equity firm, formerly called Joseph Littlejohn & Levy, holds a 30% stake in the Canadian company.
1 min read · 12 January 2013
The Robert Bass-founded private equity firm is nearing its $4bn fundraising target and expects a final close in February.
1 min read · 12 January 2013
The Chicago-based media company failed owing to the $13bn of debt loaded onto its balance sheet when it was acquired by billionaire real estate investor Sam Zell last year. The company said in its bankruptcy filing it had just $7.6bn of assets. Zell invested $315m in the deal.
2 min read · 12 January 2013
The Chicago-based media company, acquired last year by real estate investor Sam Zell in an $8bn LBO, has collapsed under a $13bn debt load. Meanwhile, Avista Capital-backed Star Tribune, a major Minnesota newspaper, is cutting costs to stave off bankruptcy as it struggles with its debt load.
3 min read · 12 January 2013
The future of big buyout funds may be uncertain – but they haven’t gone the way of the dotcom venture funds yet, writes Philip Borel.
2 min read · 12 January 2013
