The head of Korea Exchange Bank has said that Lone Star may have no choice but to go for a block sale of the bank's shares if the deal with HSBC fails to materialise.
2 min read · 12 January 2013
Mark Preston succeeds Jeremy Newsum as chief executive officer of British property group Grosvenor, owned by the Duke of Westminster. Preston was former head of the firm’s UK operations and fund management business.
2 min read · 12 January 2013
Mark Preston succeeds Jeremy Newsum as chief executive officer of British property group Grosvenor, owned by the Duke of Westminster. Preston was former head of the firm’s UK operations and fund management business.
2 min read · 12 January 2013
Penn National will receive $225m in cash and $1.25bn in preferred shares after the Fortress and Centerbridge-led deal to buy the casino and race-track company was terminated. Penn said a ‘re-negotiated, reduced purchase price was not a viable option.’
2 min read · 12 January 2013
Casino operator Penn National will receive $225m in cash and $1.25bn in preferred shares after the Fortress- and Centerbridge-led deal was terminated. Penn said a ‘re-negotiated, reduced purchase price was not a viable option.’
2 min read · 12 January 2013
The McLean, Virginia-based firm closes 12 debt deals through its US Debt Co-Investment fund, a joint venture between its private equity real estate arm, JER Partners, and its REIT, JER Investors Trust.
2 min read · 12 January 2013
Private equity real estate firms globally raised $40bn during the first half of 2008, according to proprietary data from sister publication PERE Magazine. This tally puts GPs on course to raise more than the record-breaking totals of last year.
2 min read · 12 January 2013
The McLean, Virginia-based firm closes 12 debt deals through its US Debt Co-Investment fund, a joint venture between its private equity real estate arm, JER Partners, and its REIT, JER Investors Trust.
2 min read · 12 January 2013
A partnership between The Carlyle Group, Deutsche Bank’s RREEF and Extell Development Company is in play to develop two luxury residential buildings in Manhattan after securing one of the largest construction loans in the US this year.
1 min read · 12 January 2013
The UK-listed business had languished since talks with a strategic buyer collapsed in the middle of last month. Interest from a consortium of three firms has lifted the share price.
1 min read · 12 January 2013
