The president of private equity real estate firm GoldenTree InSite Partners, Tom Shapiro, has warned the US real estate market is in store for more pain ahead as fundamentals, such as rents, weaken. It comes as UK real estate company, British Land, said prospective rents were “drifting downwards.”
2 min read · 12 January 2013
The publicly traded Canadian buyout firm expects to hold a final close on its third mega-fund in early 2009. CEO Gerald Schwartz has said despite having done no deals in the second quarter, Onex sees attractive opportunities and is not discouraged by credit conditions.
2 min read · 12 January 2013
The stakes are raised in the gaming industry as a listed-investment vehicle of private equity firm Apollo Global Management marks down its co-investment in casino company Harrah’s Entertainment by 25%. Harrah’s was acquired by Apollo and TPG for a total of $17.1bn earlier this year.
2 min read · 12 January 2013
Chrysler Financial, the lender Cerberus purchased alongside its corresponding auto unit last July, fell $6bn short of its $30bn target while renewing its credit facilities. The lender’s credit rating was reduced to B- last week on news of the company exiting consumer leasing.
3 min read · 12 January 2013
Direct secondary investment firm Accretive Exit Capital Partners has closed its HarbourVest-backed debut fund on $125m and paid Evercore Capital Partners $110m for stakes in five assets. With its debut fund nearly fully deployed, Accretive will soon head to market with a fund targeting $300m to $400m.
3 min read · 12 January 2013
Global Infrastructure Partners and energy company Fortistar have acquired bankrupt Texas power generation plant Channelview after US courts approved the deal last month.
2 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
In Cinven's second deal of the day it is buying into the global growth in logistics helping Silverfleet to a return of 3.1x on its original investment in truck parts maker Jost World.
1 min read · 12 January 2013
The number of property transactions fell by 46 percent in the first quarter of 2008 compared to the same time last year, with deals in the Americas down by two-thirds. Asia was the only part of the world to see an increase.
3 min read · 12 January 2013
