The veteran real estate investor has reportedly launched a $625m credit fund to target distressed real estate securities. The vehicle, Zell Credit Opportunity Fund, has raised $125m to date, according to regulatory filings.
2 min read · 08 February 2013
The private equity firms plan to back stop a $75m rights offering and exchange $98m of debt for equity in Builders FirstSource, the US' second largest supplier of building products.
2 min read · 08 February 2013
Charter Hall, the Australian property fund manager established in 1991, is meeting investors’ concerns by giving them greater control over its freshly-launched Charter Hall Special Situations Office fund.
2 min read · 08 February 2013
The firm has hired four professionals from Deutsche Bank’s Asia-Pacific distressed products group.
2 min read · 08 February 2013
The next era for the private equity industry will see leading firms focusing on enhanced client services and shoring up investments and their investor base, rather than pursuing new mega-deals, says Jack Klinck, executive vice president and global head for State Street Alternative Investment Solutions.
6 min read · 08 February 2013
Susan Saidens, a principal at SMS Valuation and Forensic Services, examines a hypothetical middle-market private equity group to determine how accounts receivable fair value should be determined.
3 min read · 08 February 2013
The US banking regulatory has softened some of the rules it would impose on private equity firms that want to invest in struggling banks.
2 min read · 08 February 2013
The Korean buyout firm has acquired a 30.7% stake in BC Card and is looking to acquire a controlling stake in the company by the end of the year.
2 min read · 08 February 2013
Europe’s high yield uptick may offer improved prospects for LBO refinancings, writes Andy Thomson.
2 min read · 08 February 2013
HarbourVest Partners, the Boston-based mainstay of private equity, has witnessed some major ups and downs in almost three decades of involvement in the asset class. Brooks Zug (above), Martha Vorlicek (right) and John Toomey (above right) met with Christopher Witkowsky to explain the firm's philosophy, its views on terms and conditions, and its belief that a scaled-down industry means scaled-up returns
10 min read · 08 February 2013
