Mark Preston succeeds Jeremy Newsum as chief executive officer of British property group Grosvenor, owned by the Duke of Westminster. Preston was former head of the firm’s UK operations and fund management business.
2 min read · 12 January 2013
Penn National will receive $225m in cash and $1.25bn in preferred shares after the Fortress and Centerbridge-led deal to buy the casino and race-track company was terminated. Penn said a ‘re-negotiated, reduced purchase price was not a viable option.’
2 min read · 12 January 2013
Casino operator Penn National will receive $225m in cash and $1.25bn in preferred shares after the Fortress- and Centerbridge-led deal was terminated. Penn said a ‘re-negotiated, reduced purchase price was not a viable option.’
2 min read · 12 January 2013
Chinese companies coping with economic volatility and regulatory reform are now looking to upgrade their operations, creating the right climate for restructuring opportunities. Rob Kotecki reports.
6 min read · 12 January 2013
Limited partners are wrong to think that Asian private equity portfolios should deliver a premium over Western markets because the risk is categorically higher. It is not.
3 min read · 12 January 2013
The mega-buyout firm has revealed its private equity real estate business returned $1.3 billion to investors last year from 38 exits.
3 min read · 12 January 2013
The mega-buyout firm has revealed its private equity real estate business returned $1.3 billion to investors last year from 38 exits.
3 min read · 12 January 2013
Since last summer, equity sponsors and their investors have renewed their emphasis on emerging markets with vigor.
2 min read · 12 January 2013
Since last summer, equity sponsors and their investors have renewed their emphasis on emerging markets with vigor.
2 min read · 12 January 2013
The quoted infrastructure manager has raised £340m in equity and debt to fund its future infrastructure acquisitions, as it delivers ahead of initial return targets and looks to capitalize on market distress.
2 min read · 12 January 2013
