Poor planning and bickering tainted US parking privatisations. But with the municipal need for cash ever-present, such deals are back centre stage.
5 min read · 15 January 2013
Castilla-La Mancha is nine months behind its agreed shadow toll payments for a road concession awarded to an ACS subsidiary. Moody’s says there is ‘growing evidence that Castilla-La Mancha is prioritising core expenditures ahead of its payment obligations’ to the concessionaire.
2 min read · 15 January 2013
US buyout firm General Atlantic has acquired a stake in distressed debt specialist Oak Hill Advisors in a further sign of private equity’s appetite for debt investments.
2 min read · 15 January 2013
Write-downs may not be linked to the divorce rate, but they are a fact of life in a difficult economic environment, writes Nadim Meer, partner at law firm Dundas & Wilson.
3 min read · 15 January 2013
The firm has agreed to acquire a portfolio of consumer credit debt from Bank of America’s MBNA unit — one of the largest issuers of credit cards. AnaCap is positioning to take advantage of banks’ divestment of non-core assets.
3 min read · 15 January 2013
Blackstone CEO Stephen Schwarzman said the firm’s LPs reaffirmed their confidence in Blackstone by increasing their commitments in Q3. The firm has a record $33.4bn of dry powder.
2 min read · 15 January 2013
The European Commission is proposing to use €230m to fund a test phase for its Europe 2020 Project Bond initiative, to be implemented in 2012-2013. The pilot programme, part of a wider €50bn infrastructure facility, will target up to 10 projects and ‘is expected to mobilise investments of up to €4.6bn’.
2 min read · 15 January 2013
Blackstone CEO Stephen Schwarzman said the firm’s LPs reaffirmed their confidence in Blackstone by increasing their commitments in Q3. The firm has a record $33.4bn of dry powder.
2 min read · 15 January 2013
If adopted, the $235bn pension system would place most of its alternative investments in buyout funds, with an additional 30% in credit related investments and growth/expansion funds.
2 min read · 15 January 2013
David ibnAle has experience working with the firm’s co-founder, former Blackstone Group managing director Chip Schorr, who launched Augusta Columbia in a spin-out from Blackstone earlier this year.
2 min read · 15 January 2013
