Buying or selling a secondary stake isn’t always straightforward. Robert Carlson and Stanley Liu explore some of the potential issues for all the parties involved.
6 min read · 15 January 2013
Daniel Sherman is leaving DLA Piper to join Greenberg Traurig’s Atlanta office, where he will focus on public-private partnerships and infrastructure deals.
1 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
The country’s Privatisation Administration is looking for a private partner to operate and maintain some 2,000km of roads – including Istanbul’s two suspension bridges, which are said to comprise up to 80% of the deal’s total value. Interested bidders will have to post a $200m bond to participate.
2 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
The Italian infrastructure investor was said to be seeking €100m in damages over the failed placement of an infrastructure fund in 2007. Both parties say the dispute has been resolved ‘amicably’, without mentioning if any damages were paid.
1 min read · 15 January 2013
In its second quarter results, the New York-based asset manager reported that revenue growth in its real estate segment had sextupled, largely from increased management fees, and also revealed a second closing for its latest real estate fund.
3 min read · 15 January 2013
