A South Korean court cleared bank and government officials of price manipulation in the $1.2bn sale of Korea Exchange Bank in 2003 to the US private equity firm. Lone Star has lost two agreements to sell its stake at an enormous profit as the result of ongoing lawsuits.
2 min read · 12 January 2013
The Australian firm, which manages more than 40 shopping malls in its home market, is hoping to invest in Japanese retail and Singapore office space.
1 min read · 12 January 2013
A recent large acquisition that included a large amount of debt shows that LBOs are not dead — they just need more participants to be successful, writes Christopher Witkowsky.
2 min read · 12 January 2013
A consortium including KKR, Carlyle and Cardinal Asset Management has reportedly tabled a €3bn bid to be part of Ireland’s first bank bailout. JC Flowers is also reportedly in the running to recapitalise Ireland's oldest bank.
1 min read · 12 January 2013
While stressing it continues to honour capital calls, CalPERS has said it is not atypical for it to ask GPs to delay requests for funds. The pension has confirmed it sold more than $2bn in private equity holdings on the secondary market last year, including interests in Carlyle and Landmark funds.
2 min read · 12 January 2013
The affiliate of the private equity real estate firm, Starwood Capital, has formed a $75m joint venture with Cold River Development to target the 23-counties of the Atlanta metro region. It comes just two days after the firm bought 2,500 residential home sites in Arizona, California and Florida.
1 min read · 12 January 2013
While stressing it continues to honour capital calls, CalPERS has said it is not atypical for it to ask GPs to delay requests for funds. The pension has confirmed it sold more than $2bn in private equity holdings on the secondary market last year, including interests in Carlyle and Landmark funds.
2 min read · 12 January 2013
Citing a ‘challenging economic climate’ and volatile debt markets, the buyout firm’s listed investment fund wrote down $500m of its private equity co-investments in deals including Harrah’s.
2 min read · 12 January 2013
The Cerberus-owned company has launched a $38bn debt restructuring to shore up its capital base to meet regulatory requirements necessary to become a bank holding company.
1 min read · 12 January 2013
The Northern European buyout firm has more than doubled the size of its previous fund, and opened offices in Oslo, Frankfurt and London.
2 min read · 12 January 2013
