Commerzbank has sold a €1.3bn non-performing loan portfolio to Lone Star Funds and €3.7bn of performing loans to US bank Wells Fargo
2 min read · 15 July 2013
Roger Cozzi, who joined the asset manager earlier this year, will manage the $700m vehicle.
1 min read · 15 July 2013
The deal sees an almost total equity wipe-out for original shareholders AXA PE, Cube Infrastructure and the FSI.
2 min read · 15 July 2013
The loan will finance the construction of a new facility in Sudbury, Ontario.
1 min read · 15 July 2013
The New Jersey Division of Investment approved a partial sale of liquid assets to fund a $150m add-on to its GSO account.
3 min read · 12 July 2013
When LBO France handed over the keys to French building materials group Terreal this week to the company’s lenders, there were eerie echoes of another French deal – PAI Partners’ loss of Monier back in 2009.
3 min read · 12 July 2013
JP Morgan Funds chief strategist Dr. David Kelly expects the Fed to begin phasing out quantitative easing next year.
2 min read · 12 July 2013
Lloyds managing director David Whitely discusses the high yield bond market.
4 min read · 12 July 2013
Cornerstone’s new hire will report to European head Charles Weeks.
2 min read · 12 July 2013
The bank will put forward €200m to credit enhance a €1.43bn bond for a Spanish gas storage facility.
2 min read · 12 July 2013
