Investors in Sterling Group’s $470m second fund, which closed in 2005, have been paid back all called capital, says partner Kevin Garland.
2 min read · 15 January 2013
Toll road operators in southern Europe have been particularly hard hit, experiencing traffic falls of more than 10% this year. But the ratings agency warns that the crisis is also eroding ‘the core stability of the infrastructure sector’.
2 min read · 15 January 2013
The Carlyle Group's Global Market Strategies team, helmed by Linda Pace in the US, has raised four CLO funds this year with the latest closing on $620m this week.
1 min read · 15 January 2013
Changes being considered by the UK government leading to a lower RPI could impact UK water companies through slower revenue and dividend growth, a mismatch between index-linked debt and the revised indicator, and even potential early bond redemptions, Moody’s warns.
2 min read · 15 January 2013
Parking has undergone resurgence in the US in 2012. Chris Glynn reports on how a once-maligned sector has had its credibility restored.
8 min read · 15 January 2013
Dutch pension fund for civil servants says it is ‘very content’ to have settled its lawsuit of a year ago over the alleged misselling of residential mortgage-backed securities in 2006 and 2007.
2 min read · 15 January 2013
Private debt fund manager Metric, launched by former UBS and Towerbrook executive John Sinik last year, has sealed another two deals as demand for alternative sources of debt finance increases.
2 min read · 15 January 2013
A Probitas Partners survey has found increasing support for US and European mid-market funds among limited partner respondents.
2 min read · 15 January 2013
Ashurst’s Gonzalo Jimenez Blanco (pictured) and José María Anarte offer a legal perspective on the troubles affecting Spain’s roads sector.
6 min read · 15 January 2013
Three-and-a-half-years later, financial advisor Unicredit steered a club of 10 institutions to provide $960m of debt for an undersea tunnel and road linking Istanbul’s European and Asian sides. The icing on the cake: an 18-year door-to-door tenor, Turkey’s longest project financing.
2 min read · 15 January 2013
