Private equity managers can strategically execute “Material Adverse Change” clauses to renegotiate deals in their favour –though doing so brings significant reputational risk.
3 min read · 15 January 2013
Current market dislocation could present opportunities for private equity funds and investors, says Juan Delgado Moreira, managing director and head of Europe and Asia for Hamilton Lane.
4 min read · 15 January 2013
The country’s Privatisation Administration is looking for a private partner to operate and maintain some 2,000km of roads – including Istanbul’s two suspension bridges, which are said to comprise up to 80% of the deal’s total value. Interested bidders will have to post a $200m bond to participate.
2 min read · 15 January 2013
Fundraising by firms targeting emerging markets is accelerating, says trade body EMPEA, which predicts the total will reach $40bn by year end, almost double the $23.5bn raised in the whole of 2010.
3 min read · 15 January 2013
Managers raising Euro-denominated infrastructure funds are anxious about prospects in the aftermath of the Eurozone’s dramatic summer.
2 min read · 15 January 2013
Fundraising by firms targeting emerging markets is accelerating, says trade body EMPEA, which predicts the total will reach $40bn by year end, almost double the $23.5bn raised in the whole of 2010.
3 min read · 15 January 2013
Days after pulling out of a joint bid with Chatham Lodging Trust to buy a 64-strong hotel portfolio from bankrupt hotel REIT Innkeepers Trust USA the New York private equity firm is considering returning with a lower bid.
2 min read · 15 January 2013
Cerberus’ abandoned deal to acquire US hotel chain Innkeepers may signal a return of firms exercising Material Adverse Change or Material Adverse Effect Clauses in response to global market uncertainty.
2 min read · 15 January 2013
Cerberus’ abandoned deal to acquire US hotel chain Innkeepers may signal a return of firms exercising Material Adverse Change or Material Adverse Effect Clauses in response to global market uncertainty.
2 min read · 15 January 2013
Citing an "adverse effect on the business," the two firms end their $1.1 billion agreement to acquire stakes in 64 Innkeepers hotels.
1 min read · 15 January 2013
