The former chief executive of Chrysler and Home Depot will join Cerberus Operating and Advisory Company, which is made up of operating professionals that help source deals and monitor portfolio companies.
2 min read · 08 February 2013
The Silver Lake- and TPG-backed telecom company has entered a 'stalking horse' bid for a business unit of bankrupt Nortel Networks. MatlinPatterson is reportedly looking for strategic partners for a rescue plan for the company.
1 min read · 08 February 2013
David Hodes and Doug Weill have left the investment bank's real estate placement group to create their own firm, Hodes Weill & Associates. The pair co-founded the real estate placement agent in 2000 with Bill Thompson, who remains at Credit Suisse along with other senior management.
2 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 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
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
The loan to the $1.2bn Triangle Expressway project is being extended under the government’s TIFIA credit programme. The remaining financing will include $271m of toll revenue bonds and $343m of ‘Build America Bonds’ authorised by the economic stimulus bill.
3 min read · 08 February 2013
The former president of JER Partners in Europe has joined private property investment company Three Delta, which attempted to acquire Sainsbury’s supermarket group in the UK two years ago.
1 min read · 08 February 2013
The New York firm has raised an opportunity fund to acquire mortgage securities, structured products and other opportunities from the US mortgage market.
1 min read · 08 February 2013
As private fund managers look to the US public markets to raise capital, one public REIT is looking to a private fund to take advantage of the downturn. By Zoe Hughes
2 min read · 08 February 2013
