Private equity firms active in the UK have gained vital clarity on their responsibilities in the government’s battle against corruption. Many of their liabilities will extend to portfolio company level under the UK Bribery Act set to enter force in July.
2 min read · 18 January 2013
Ernst & Young has been appointed receiver to a £1bn portfolio of Marriott hotels in the UK bought by Quinlan Private and clients of Israeli investor, Igal Ahouvi Group, in 2007.
2 min read · 18 January 2013
The US Securities and Exchange Commission adopted final rules surrounding required registration with the agency. Private fund managers must comply by 30 March 2012.
1 min read · 18 January 2013
American Realty Advisors has purchased 1515 Wynkoop Street from Hines for $120 million. The 307,000-square-foot building is 90 percent leased.
1 min read · 18 January 2013
Josh Cleveland has joined Clairvue Capital Partners as the firm starts to target real estate secondaries as well as recapitalisations.
2 min read · 18 January 2013
The German business of Henderson Global Investors has raised €130 million in equity for its second Austria-focused property fund. The firm now plans to begin deploying the capital in core to core-plus retail and office properties.
2 min read · 18 January 2013
Creditors for the North Carolina-based hotel chain are claiming the firms inflated the sales price of the company in the 2007 buyout, leaving the company insolvent.
2 min read · 18 January 2013
Equity Group Investments and Transwestern Investment Company have formed a joint venture with Behringer Harvard to recapitalise 200 S. Wacker Drive in Chicago. Behringer Harvard will retain a 10 percent ownership stake in the property.
1 min read · 18 January 2013
Blackstone’s barracking over its investment into Southern Cross demonstrates that firms will have to be careful in their future real estate dealings.
3 min read · 18 January 2013
Baring Private Equity Asia has signalled its ambition to grow real estate investing capabilities with the hire of Mark Fogle as managing director and head of real estate investing.
2 min read · 18 January 2013
