Steve & Barry’s, the discount clothes retailer with 276 stores across the US, cites a ‘liquidity shortfall’ after it filed for Chapter 11 bankruptcy protection. Boston-based private equity firm TA Associates held a minority stake in the firm.
2 min read · 12 January 2013
The firm has hired former AXA REIM professional Fabio Donato for its Italian office and has made a new acquisition in the country, investing in an unoccupied site in Rome.
1 min read · 12 January 2013
The Luxembourg-based steel producer has launched two funds targeting cleantech and carbon credit-producing investment opportunities. The cleantech fund has made its first investment in solar company Miasolé, injecting $20m into the company.
2 min read · 12 January 2013
The long-time KKR loyalist will be the first public pension to invest in a “dedicated separate account” managed by KKR Fixed Income. The commitment dwarfs previous Oregon commitments to KKR’s buyout funds.
2 min read · 12 January 2013
Global Infrastructure Partners and energy company Fortistar have acquired bankrupt Texas power generation plant Channelview after US courts approved the deal last month.
2 min read · 12 January 2013
Abu Dhabi Investment Company has reportedly bought a 90 percent stake in Manhattan’s iconic Art Deco building from an arm of Prudential Real Estate Investors. The building is believed to have sold for close to $900m.
2 min read · 12 January 2013
The US senior housing real estate investment trust, American Land Lease, is the latest company to announce a strategic review of its assets, including a possible sale of its properties. Since the start of 2008, the US REIT benchmark index, the FTSE NAREIT All REIT Index, has fallen 5.5 percent.
2 min read · 12 January 2013
The US senior housing real estate investment trust, American Land Lease, is the latest company to announce a strategic review of its assets, including a possible sale of its properties. Since the start of 2008, the US REIT benchmark index, the FTSE NAREIT All REIT Index, has fallen 5.5 percent.
2 min read · 12 January 2013
Fees generated from private equity-sponsored buyouts and other transactions are at their lowest level since 2003; First Reserve replaces Blackstone as the top revenue source for investment banks.
2 min read · 12 January 2013
The US buyout firm's abandoned cash injection forced an overnight rescue by the lender's existing shareholders, who have been offered similar terms. The share price has fallen below the price of the rights issue.
2 min read · 12 January 2013
