PAI Partners has bought a controlling stake in partially listed house-builder Kaufman et Broad from US housing group KB Home for more than €5-a-share below Kaufman’s market price last week.
2 min read · 22 January 2013
New York-based Crestview Partners, a Goldman Sachs spin-out, has agreed to acquire Symbion, a US operator of short stay surgical facilities, for $637 million.
2 min read · 22 January 2013
The Blackstone Group has set a price range for its public offering, which has the potential to raise up to $4.8 billion, valuing the firm at approximately $40 billion.
1 min read · 22 January 2013
In a startling development, a soon-to-be established state investment company of the People’s Republic of China will make a $3 billion investment in Blackstone as the alternative investment giant prepares to go public. Blackstone’s Schwarzman is calling the deal a ’paradigm shift in global capital flows’.
2 min read · 22 January 2013
The French private equity firm has started exclusive negotiations to buy Kaufman et Broad, in the latest example of frenetic M&A activity in the European homebuilding sector.
1 min read · 22 January 2013
Witnesses at a US House committee hearing agreed that the booming private equity industry is not at fault for America’s growing divide between the rich and poor. Opinions diverged, however, as to how best address this phenomenon.
2 min read · 22 January 2013
The San Francisco firm’s offer of $69.25 per share has been deemed “superior” by the board of Genesis Health Care—though there is still time for a counter-offer from JER and Formation.
2 min read · 22 January 2013
Following similar moves in other emerging markets, the bank’s real estate special situations fund is buying into a Polish developer to gain exposure to the country’s burgeoning property market.
2 min read · 22 January 2013
Alternative investment firm Investcorp has acquired nine US hotels for $450m—in addition to buying a single hotel in Milwaukee.
2 min read · 22 January 2013
The London-based firm has purchased a holiday home site on Spain’s Costa Dorada just two weeks after shares in Spanish residential firms tumbled on concerns of oversupply.
2 min read · 22 January 2013
