The US radio and advertising company, which was purchased by Bain Capital Partners and TH Lee last year in a $17.9bn deal, had its rating fall to deeply speculative territory, with Moody’s warning of default.
2 min read · 08 February 2013
TPG’s objection comes after Babson Capital and GSC said the proposed bankruptcy financing is unfair to first-lien lenders who do not participate in the financing package.
2 min read · 08 February 2013
Fresh from raising nearly €1bn for its eighth mid-cap fund, the French private equity firm is aligning itself to take advantage of market dislocation. It is also raising its third small-cap fund.
2 min read · 08 February 2013
The switch from a vehicle fuel tax to a vehicle miles traveled tax would be complemented by a range of financing mechanisms like expansion of the TIFIA credit program and more support for PPPs, according to the National Surface Transportation Infrastructure Financing Commission’s final report to Congress.
3 min read · 08 February 2013
The UK buyout house has booked a €1.3bn impairment – half the value of the equity investment – on the 2007 deal. It will also return €80m of carry to investors, because according to chief executive Guy Hands, 'our investors have suffered and therefore our rewards should suffer'.
2 min read · 08 February 2013
The Latin American real estate market does not move in lock step. As the wave of investment in Mexico begins to ebb, capital is moving into Brazil, Argentina and other markets. PERE Magazine March 2009 issue
9 min read · 08 February 2013
Pete Reilly, head of JPMorgan's expanding European real estate effort, believes the current environment will yield epic returns. His London-based group boasts a relatively healthy investment programme amid the financial wreckage, and Reilly is not shy about taking advantage of this imbalance. PERE Magazine March 2009 issue
10 min read · 08 February 2013
More than 10,000 votes were cast for the third annual PERE Awards and here – over the next dozen pages – we present the winners and runners-up of the global awards. By Robin Marriott, Jonathan Brasse and Zoe Hughes. PERE March 2009
10 min read · 08 February 2013
The pan European firm has made a debut investment for its new €1 billion opportunity fund by acquiring Goldman Sachs' stake in a listed French property company. PERE Magazine March 2009 issue
2 min read · 08 February 2013
Pakistan's economy reels from burgeoning trade and budget deficits, and the political and security situation shows no signs of improving. Still, the few GPs investing in the country predict an active year. Siddharth Poddar reports.
8 min read · 08 February 2013
