The debt-laden REIT says it is examining its future, including potential bankruptcy protection, as it struggles to refinance billions of debt in a stalled refinancing market. The REIT is reportedly in default on loans secured by two malls in Las Vegas, including the Fashion Show Mall.
2 min read · 08 February 2013
The Delhi-based firm has held a first close for its third private equity fund, which aims to raise $250m by the end of the second quarter.
2 min read · 08 February 2013
Following in the footsteps of American Capital and KKR, 3i will de-list its quoted private equity fund. The exercise values the vehicle at £355m, 33% above last week’s closing share price.
3 min read · 08 February 2013
The listed toll road developer reported a 9.7% increase in its interim revenue to A$416m as traffic increased on all but two of its Australian toll roads. Net profit of A$3.2m was sharply lower compared with the six months ended 31 December 2007.
2 min read · 08 February 2013
Draft legislation in circulation on Capitol Hill envisions a 'National Infrastructure Reinvestment Corporation' that would spur $48bn of infrastructure investment by providing grants, loans and tax incentives to select projects sponsored by public, private and non-profit entities.
3 min read · 08 February 2013
The publicly listed company is in discussions with its lenders and noteholders seeking relief from covenants on its debt.
2 min read · 08 February 2013
The US distressed investor is reportedly interested in rescuing the UK’s largest estate agency from the brink of collapse. Apollo acquired the firm at the height of the UK housing bubble for £1bn.
2 min read · 08 February 2013
US distressed investor Oaktree Capital Management is reportedly interested in rescuing the UK’s largest estate agency from the brink of collapse. Apollo acquired the firm at the height of the UK housing bubble for £1bn.
2 min read · 08 February 2013
The quoted investment manager suffered a net loss for the first time in its history, due largely to hedge fund positions. Its private equity portfolio is 'in better shape' than many competitors, chief executive Nemir Kirdar has said.
2 min read · 08 February 2013
The buyout firm has effectively lost its $830m equity investment in the aluminium products provider, which blamed the deteriorating economy and the falling price of aluminium for its bankruptcy. Lenders led by Apollo and Oaktree are providing Aleris with new debt.
2 min read · 08 February 2013
