The private real estate investment firm has acquired nine multifamily properties in the Austin, Texas market, betting on the area’s strong demographics.
2 min read · 12 January 2013
The Southern California plant nursery operator, partly owned by CalSTRS, has selected turnaround specialist Black Diamond as its stalking horse bidder. Hines has also secured $62 million in debtor in possession financing from its lenders, which include Cerberus-owned GMAC Commercial Finance.
2 min read · 12 January 2013
Thompson National Properties, the private equity real estate firm founded by former Grubb and Ellis chairman Anthony Thompson, has opened an office in New York adding a former Wachovia Securities director as managing director to target real estate debt.
1 min read · 12 January 2013
The listed alternatives firm has exited it June 2006 investment in cable box company Contec to Bain Capital Partners for a reported $525m.
1 min read · 12 January 2013
Morgan Stanley Private Equity Asia has pulled out of its proposed acquisition of the Korean electronics manufacturer, reportedly over disputes with an electronics labour union. Ripplewood had previously agreed to pay $740m for Daewoo, but the deal also fell through.
2 min read · 12 January 2013
The emerging markets specialist has executed another African PIPE deal, this time taking part of Tunisia’s largest listed company.
2 min read · 12 January 2013
The US private equity firm will add a second struggling German bank to its portfolio, purchasing a 91 percent stake in business bank IKB, which entered into an 'existential crisis' in July 2007.
2 min read · 12 January 2013
The international property investor is seeking to raise $350m for a US opportunity fund and more than $200m for a vehicle targeting both the US and Europe.
2 min read · 12 January 2013
As the New York-based private equity real estate firm prepares its European debt fund, it has added additional capital to its US debt vehicle.
1 min read · 12 January 2013
The $72.3bn US pension joins a raft of North American funds recording losses for the year to June 30. Once again real estate was the best performing asset class returning 8.74%, followed by fixed income and private equity.
2 min read · 12 January 2013
