A number of large bubble-era buyouts are at ‘high risk’ of default according to rating agency Moody’s, which warned the GPs involved faced an uphill battle to generate returns on those deals.
2 min read · 15 January 2013
Amid the court approving the banking giant’s bankruptcy exit plan, Lehman is challenging the validity of Equity Residential’s agreement to buy 26.5 percent of Archstone.
2 min read · 15 January 2013
The two companies reached commercial close on the $2.1bn project with the state, prompting Governor Robert McDonnell to credit Virginia as an ‘innovator’ capable of making ‘complex public transportation’ possible. Financial close is expected in early 2012.
2 min read · 15 January 2013
The deal turns Mitsubishi into the first Japanese company operating an overseas offshore transmission cable. Macquarie sold its 50 percent stake in the UK’s £105m Walney 1 project.
2 min read · 15 January 2013
The state is close to adopting a strategy for developing solar that mimics neighbouring state of New Jersey’s model. If implemented, Solar Renewable Energy Certificates could open the door to private investment and multi-year contracts.
2 min read · 15 January 2013
Carlyle’s buyout of Churchill Financial highlights an opportunity to back mid-market lenders, a segment that can benefit from more private equity players, says Monroe Capital's Ted Koenig.
4 min read · 15 January 2013
The bankrupt parent company of American Airlines had $389m-worth of unfunded exposure to private equity funds as of 31 December. It’s not clear if the company will continue to meet capital calls through bankruptcy proceedings.
3 min read · 15 January 2013
Portugal’s PPP liabilities – most of them in the transport sector – represent a staggering 14% of GDP. The country’s roads agency, which doles out payments to concessionaires, is threatening to go bust in 2014. Bruno Alves takes a peak at a worrying future
8 min read · 15 January 2013
We explore the impact on infrastructure investment businesses globally as the Eurozone’s unfolding traumas put markets everywhere on tenterhooks
5 min read · 15 January 2013
Fresh off a high-profile acquisition, AIMCo boss Leo de Bever took time to talk to Chris Glynn about a ‘boring’ business: infrastructure investing
6 min read · 15 January 2013
