London-based Mountgrange has teamed up with partners at residential specialist Pluto Capital for a fund aiming to supply £50m of mezzanine loans to help finance residential developments in London and the South East of England. The firm said that the vehicle was the first of its kind in the residential sector.
3 min read · 15 January 2013
Private equity professionals are a competitive bunch. But many were likely toasting Cinven’s sale of Phadia this week as further evidence that boom-era buyouts can prove profitable.
3 min read · 15 January 2013
The John Laing Infrastructure Fund, which raised £270m through an initial public offering in London towards the end of last year, has seen steady growth in the opening quarter of this year, with portfolio value up 2.9%.
1 min read · 15 January 2013
While performance-based carried interest will be paid out to even the worst-performing funds which invested in the run-up to the industry's golden era, those raised during the boom may fail to pay any carry at all, new research shows.
2 min read · 15 January 2013
BBVA, Credit Agricole Corporate & Investment Bank and Natixis have been mandated to arrange £236m in senior secured credit facilities associated with the SITA South Tyne & Wear waste-to-energy Private Finance Initiative.
1 min read · 15 January 2013
The first property services firm to be listed on the London Stock Exchange is currently in talks to be taken private by its biggest shareholder.
2 min read · 15 January 2013
They have many names: 'Family Enterprises', 'Family-backed Investors', 'Family Offices' and 'Family funds under management'. The credit crunch has resulted in major changes to the way large families who run their own investment vehicles think and how they invest their money, writes Mike Reid, managing partner of Frog Capital.
4 min read · 15 January 2013
The Chicago-based firm is looking to Brazil as it sources new deals in the homebuilding sector, as well as a potential investment with a local hospitality group.
2 min read · 15 January 2013
Former Towerbrook Capital Partners managing director John Sinik has launched a debt fund management business which is hoping to raise at least €300m for its maiden vehicle.
3 min read · 15 January 2013
The EC and EIB’s plans to credit-enhance private sector infrastructure bonds do not guarantee those bonds an A-rating, Fitch has said in a report.
2 min read · 15 January 2013
