At a public meeting last week, the San Diego Association of Governments presented two options for financing the $345m purchase of the South Bay Expressway. Residents and local officials showed nearly-unanimous support for the acquisition of the privately developed toll road.
3 min read · 15 January 2013
The Dallas-based private equity real estate giant prevails alongside Wells Fargo and JPMorgan Chase & Co with winning bids for the 248-strong US real estate loans portfolio.
2 min read · 15 January 2013
Private equity managers can strategically execute “Material Adverse Change” clauses to renegotiate deals in their favour –though doing so brings significant reputational risk.
3 min read · 15 January 2013
Current market dislocation could present opportunities for private equity funds and investors, says Juan Delgado Moreira, managing director and head of Europe and Asia for Hamilton Lane.
4 min read · 15 January 2013
Fundraising by firms targeting emerging markets is accelerating, says trade body EMPEA, which predicts the total will reach $40bn by year end, almost double the $23.5bn raised in the whole of 2010.
3 min read · 15 January 2013
Managers raising Euro-denominated infrastructure funds are anxious about prospects in the aftermath of the Eurozone’s dramatic summer.
2 min read · 15 January 2013
Fundraising by firms targeting emerging markets is accelerating, says trade body EMPEA, which predicts the total will reach $40bn by year end, almost double the $23.5bn raised in the whole of 2010.
3 min read · 15 January 2013
Days after pulling out of a joint bid with Chatham Lodging Trust to buy a 64-strong hotel portfolio from bankrupt hotel REIT Innkeepers Trust USA the New York private equity firm is considering returning with a lower bid.
2 min read · 15 January 2013
Cerberus’ abandoned deal to acquire US hotel chain Innkeepers may signal a return of firms exercising Material Adverse Change or Material Adverse Effect Clauses in response to global market uncertainty.
2 min read · 15 January 2013
Cerberus’ abandoned deal to acquire US hotel chain Innkeepers may signal a return of firms exercising Material Adverse Change or Material Adverse Effect Clauses in response to global market uncertainty.
2 min read · 15 January 2013
