The European Commission has revised its conditions imposed on Germany’s Commerzbank with regard to its property lending unit Eurohypo. Instead of selling off the subsidiary and its €67 billion loan book, the bank will now be wound down and its assets separated into three divisions.
3 min read · 14 January 2013
Three US agencies have proposed revisions to leveraged finance guidelines in order to curb the ‘deteriorated’ underwriting standards involved in leveraged finance.
2 min read · 14 January 2013
In its pre-close trading update for the year to 31 March 2012, 3i Infrastructure – headed by Cressida Hogg (pictured) – has hailed strong performance from its European portfolio while describing ‘challenging’ market conditions in India.
2 min read · 15 January 2013
The investment bank’s private equity real estate platform is expected to raise a sequel fund to its 2008, $2.6bn GS Real Estate Mezzanine Partners that would target both US and European opportunities.
3 min read · 14 January 2013
Michael Queen tells PEI 3i is in a 'strong position for the future' and ready to be driven forward by new leadership.
3 min read · 14 January 2013
Michael Queen says 3i is in a 'strong position for the future' and ready to be driven forward by new leadership.
3 min read · 15 January 2013
The New York-based firm, led by former WP Carey executive Edward LaPuma, will be rolling out two real estate vehicles focusing on the sale-leaseback market in North America and Europe and seeking to raise a total of more than $400 million from institutional investors.
3 min read · 14 January 2013
Standard & Poor’s has downgraded 3i’s credit rating to BBB, just two notches above junk status, citing volatile investment performance and persistent negative cash flow.
2 min read · 14 January 2013
Limited partners’ heavy appetite for mezzanine strategies helped Blackstone’s GSO team raise billions to take advantage of a historic opportunity for non-bank lenders in the uncertain markets, especially in Europe.
2 min read · 14 January 2013
Sovereign debt has once again become a key risk indicator for private equity investors, but this time around Asia is in good shape
3 min read · 14 January 2013
