The European Union is planning to spend some €1.5trn to interconnect the continent’s transport networks over the next 20 years. With national budgets stretched to the limit, the private sector is a natural port of call. But investors are sceptical.
6 min read · 15 January 2013
A club of 12 banks is providing a seven-year loan to fund the team’s recent acquisition of GDF Suez’s Italian gas grid and re-leverage two other local gas grids bought over the last two years. AXA/F2i is now Italy’s second-largest gas distributor.
2 min read · 15 January 2013
By requesting a $200m bond to participate in a $5bn roads privatisation, the Turkish government is indicating that only serious bidders need apply. It will now face pressure to run a quick and efficient tender process, maintains Bruno Alves
3 min read · 15 January 2013
The $26.2bn system has committed $750m to a ‘strategic partnership’ with TCW spin-out Crescent Capital Group. South Carolina previously set up a $759m separate account with Apollo Global Management in 2009.
2 min read · 15 January 2013
Private equity real estate firms have taken to filling the large, deep void left by commercial banks and other traditional real estate lenders. PERE Magazine, October 2011 issue
10 min read · 15 January 2013
Julian Mash, founder and CEO of Vision Capital, buys private equity-backed companies en gros. It’s a complex technique – and according to Mash, as David Hawkins and Philip Borel learned in September, the private equity industry needs it more than ever
10 min read · 15 January 2013
KKR’s newly raised $1bn mezzanine fund is an illustration of how popular this area has become with limited partners, who are increasingly attracted by its risk/reward profile
2 min read · 15 January 2013
A painful debt hangover continues to hamper Spain’s and Portugal’s economic recovery, not to mention the banks’ willingness to lend. But the turbulence is also throwing up opportunities from distressed sellers and previously reluctant family-owned companies, reports Nicholas Donato
8 min read · 15 January 2013
The new fund will seek up to $500m in commitments and will provide debt financing in special situation transactions.
1 min read · 15 January 2013
The UK-listed firm has hired leveraged finance veteran Rob Reynolds to lead its credit-focused fund.
2 min read · 15 January 2013
