The asset management division of German commercial real estate investor Dawnay Day Sirius has been restructured. Geneva-based activist investor Principle Capital Holdings is buying troubled Dawnay Day's 48 percent stake.
2 min read · 12 January 2013
The Washington DC-based firm will provide growth equity to Three Seasons Capital-backed Vehicle Production Group, which has created a car for individuals with mobility problems, as well as taxis and other specialty markets. In related news, Perseus has likely lost out on its bid for bankrupt Frontier Airlines.
2 min read · 12 January 2013
Development, agricultural or beachfront-land is proving the next hottest commodity for private equity real estate.
2 min read · 12 January 2013
The Canadian power generation company has rejected an all-cash take-private by LS Power Equity Partners and Global Infrastructure Partners saying that the firms’ ‘highly conditional approach’ undervalues the company.
2 min read · 12 January 2013
The publicly listed investment firm also disclosed in its second quarter earnings call that it is nearing its $2.5bn target on a private equity-style credit fund – yet its fundraising pace has dropped more than 70 percent compared to the same period last year.
2 min read · 12 January 2013
The private equity firm’s credit subsidiary, GSO Capital Partners, has closed its most recent mezzanine fund as demand for subordinated debt remains strong. The unit has also raised four CLOs and purchased $7.8bn in leveraged loans.
2 min read · 12 January 2013
The Boston-based private equity firm could lose almost half its investment in US discount clothing store Steve & Barry’s after hedge fund Bay Harbour submitted a stalking horse bid. The retailer filed for Chapter 11 protection last month, two years after TA Associates paid a reported $320m for roughly half the company.
2 min read · 12 January 2013
The private equity firm could lose almost half its investment in the bankrupt US retailer after hedge fund Bay Harbour submitted a stalking horse bid. Steve & Barry’s, which carries clothing by celebrity designers including Sarah Jessica Parker, filed for Chapter 11 last month.
2 min read · 12 January 2013
The number of recent private equity investments in wind farms has been head-spinning.
3 min read · 12 January 2013
Direct secondary investment firm Accretive Exit Capital Partners has closed its HarbourVest-backed debut fund on $125m and paid Evercore Capital Partners $110m for stakes in five assets. With its debut fund nearly fully deployed, Accretive will soon head to market with a fund targeting $300m to $400m.
3 min read · 12 January 2013
