A changing economic landscape means private equity portfolios must be examined through a new lens, writes Steve Moseley.
2 min read · 12 January 2013
Investment bank Close Brothers is corralling mid-market GPs to acquire leveraged debt owned by Icelandic bank Kaupthing. The debt relates to such buyouts as Coral Eurobet and Merlin Entertainment Group.
1 min read · 12 January 2013
A South Korean court cleared bank and government officials of price manipulation in the $1.2bn sale of Korea Exchange Bank in 2003 to the US private equity firm. Lone Star has lost two agreements to sell its stake at an enormous profit as the result of ongoing lawsuits.
2 min read · 12 January 2013
The portfolio of 17 multifamily properties in five US states is a joint venture with JRK Birchmont's parent company, JRK Holdings. REIT AIMCO sold the properties owing to the dislocation in the credit markets, JRK said.
1 min read · 12 January 2013
A South Korean court cleared bank and government officials of price manipulation in the $1.2bn sale of Korea Exchange Bank in 2003 to the US private equity firm. Lone Star has lost two agreements to sell its stake at an enormous profit as the result of ongoing lawsuits.
2 min read · 12 January 2013
The Australian firm, which manages more than 40 shopping malls in its home market, is hoping to invest in Japanese retail and Singapore office space.
1 min read · 12 January 2013
A recent large acquisition that included a large amount of debt shows that LBOs are not dead — they just need more participants to be successful, writes Christopher Witkowsky.
2 min read · 12 January 2013
A consortium including KKR, Carlyle and Cardinal Asset Management has reportedly tabled a €3bn bid to be part of Ireland’s first bank bailout. JC Flowers is also reportedly in the running to recapitalise Ireland's oldest bank.
1 min read · 12 January 2013
While stressing it continues to honour capital calls, CalPERS has said it is not atypical for it to ask GPs to delay requests for funds. The pension has confirmed it sold more than $2bn in private equity holdings on the secondary market last year, including interests in Carlyle and Landmark funds.
2 min read · 12 January 2013
In times of crisis, people revert to what they know: the basics.
2 min read · 12 January 2013
