Clothing retailer Eddie Bauer filed for bankruptcy Wednesday and agreed to be acquired by CCMP Capital Advisors for $202m. CCMP becomes the high bidder for the company but could still be outbid.
2 min read · 08 February 2013
The European mezzanine veteran will evaluate credit opportunities for Clayton, Dubilier & Rice.
1 min read · 08 February 2013
The credit rating agency affirmed its ‘negative’ outlook for the sector but said that traffic is now decreasing at a slower pace than before and the sector holding up better than airports or container terminals.
3 min read · 08 February 2013
The hotel group acquired by the New York-based private equity real estate firm in June 2007 for $7.4bn has filed for bankruptcy protection after it failed to restructure around $7.6bn of debt. There are no plans to close or sell the hotels.
2 min read · 08 February 2013
The cash infusion will help Goodman meet liabilities this year. The Australian property group says the agreement with CIC also envisages the pair working on a broader strategic relationship.
2 min read · 08 February 2013
Cerberus expects to make a 100% recovery on the secured $700m loan. The hotel group was acquired by an investor group led by private equity real estate firm Lightstone Group in June 2007 for $7.4bn. There are no plans to close or sell the hotels.
2 min read · 08 February 2013
Gary Long has departed from the firm after 15 years as Investcorp looks to streamline management and cut costs.
1 min read · 08 February 2013
Lending by active financial institutions declined by $15bn between 2007 and 2008, according to Cushman & Wakefield Sonnenblick Goldman. Life companies have moved to fill some of the capital void but their 2009 originations will be 20% down on 2008 levels.
2 min read · 08 February 2013
The EIB has signed this week a series of loans with a combined value of around €140m to benefit Serbia’s infrastructure. Among the sectors to benefit are transport and social infrastructure, with a grid operator also receiving financing.
1 min read · 08 February 2013
The European and Asian Special Situations fund has up to $300m in capital soft-circled and is targeting a first close this June.
1 min read · 08 February 2013
