TowerBrook has its sights on forcing the bankruptcy of a floundering portfolio company, Wilton Holdings, in which GTCR and co-investor Martha Stewart have some $200m in equity.
2 min read · 08 February 2013
The construction and infrastructure development company has achieved financial close on the Carlisle Northern Development Route PPP in the north of England. Balfour Beatty is set to invest £11 million of equity in the project.
1 min read · 08 February 2013
The infrastructure investor has increased its indirect stake in the UK water utility, investing £23.9m for an additional 1.3% interest in the company. In its interim management statement, the company said the infrastructure investment space remains attractive.
2 min read · 08 February 2013
The planned takeover by Dallas-based Lone Star of Japan’s first failed REIT New City Residence Investment Corporation has been blocked by creditors after its restructuring proposal could not muster a majority vote.
1 min read · 08 February 2013
The Association of Real Estate Funds (AREF), which represents UK unlisted vehicles, and the Property Industry Alliance (PIA), made up of various UK property associations, have fired off letters to the Treasury in London and the UK’s Financial Services Authority amid concerns about a European Union draft directive that has huge implications for private equity real estate funds operating in Europe.
3 min read · 08 February 2013
The province is implementing a number of temporary credit measures to make it easier to reach financial close for projects, many of which have faced difficulties due to tight credit markets.
3 min read · 08 February 2013
Following a period of frenzied fundraising for pan-regional Asian funds, the focus is now shifting to standalone pockets of opportunity, writes Siddharth Poddar.
2 min read · 08 February 2013
Less than a year after taking over as the Asia Pacific head of Blackstone-owned GSO Capital Partners, Tim Donahue is rejoining JPMorgan.
1 min read · 08 February 2013
Former US Republican congressman Michael Huffington lost $20m when Carlyle Capital Corp went under in March last year and alleges the buyout firm misrepresented the fund’s risk profile.
1 min read · 08 February 2013
Duane Reade has struggled under its $556.5m debt load and heavy competition from national chains. Oak Hill bought the drug store chain chain in 2004 for $750m.
1 min read · 08 February 2013
