After much publicity over its $5bn debt-load, the Colony Capital-backed casino operator has filed for bankruptcy protection.
2 min read · 08 February 2013
The co-founder of Dune Real Estate, Daniel Neidich, takes the helm as chairman of the Real Estate Roundtable. The lobby group is currently pressing for changes governing REMICs and foreign investment in US real estate to help ease the liquidity crisis gripping the industry.
2 min read · 08 February 2013
The PIPE will give the buyout firm 11.5 million of the bank’s common shares at $10 per share, a 4% premium over Friday’s closing price.
2 min read · 08 February 2013
The US private equity firm continues its search for an exit from the Korean bank after reported discussions with TPG and Oaktree failed to produce a deal.
1 min read · 08 February 2013
The buyout giant is negotiating a capital restructuring of BorsodChem, the chemicals business it acquired for €1.6bn in 2006.
2 min read · 08 February 2013
Fundraising is down $8.1bn from $36.3bn raised in 2007. This downward trend could change in 2009 as 85 infrastructure funds are fundraising this year, according to a study by the accounting firm.
2 min read · 08 February 2013
A $30 million AUM threshold proposed by the Obama administration would likely force nearly all private equity firms to register as investment advisers.
6 min read · 08 February 2013
Have more than $30 million in assets under management? Get ready to register.
2 min read · 08 February 2013
A new tax change in France could change the debt-equity balance in the wake of difficulties caused by large LBOs.
3 min read · 08 February 2013
Mega-firms with dry powder are breaking the LBO mould to get deals done, writes Toby Mitchenall.
4 min read · 08 February 2013
