The San Antonio, Texas-based real estate investment firm will focus on distressed US property sellers in states such as Texas, Colorado and Florida.
1 min read · 21 January 2013
Past private equity successes ‘will be dwarfed’ by future returns, as the MENA region adjusts to the global financial crisis, according to Arif Naqvi. The Abraaj Capital chief executive warned, however, that among key risks facing the region today is the possibility of the price of oil shooting back up to over $100 a barrel.
2 min read · 21 January 2013
The buyout industry has been incapable of ‘using leverage sensibly’ and must support restrictions on excess LBO debt, argued Hugh MacArthur, global head of Bain & Co’s private equity practice.
2 min read · 21 January 2013
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 · 21 January 2013
Sam Bryne has rejected criticism about his firm’s $100m stalking horse bid for the private Yellowstone Club, according to a report, calling the bankruptcy proceedings a ‘circus’. CrossHarbor, which is raising its ninth fund, plans more urban-style developments for the resort, as well as rebuilding the 'reputation' and 'privacy' of the club.
2 min read · 21 January 2013
The annual property show in Cannes is renowned for its use of yachts as the places on which to do business. Falling delegate numbers have not impacted demand. Among the firms renting yachts this year are Aberdeen Property Investors, RREEF and Cushman & Wakefield.
2 min read · 21 January 2013
Investor sentiment is on the decline as the region suffers from a decline in petro dollar surpluses coupled with the wider global economic turmoil.
2 min read · 21 January 2013
The 12 largest lenders claiming to be open to new business for UK property have been revealed by London-based property services firm, Savills. Two thirds of them are German.
1 min read · 21 January 2013
As LPs increasingly push back on deal terms, GPs may want to consider some relatively low cost moves to mitigate their concerns, writes Kevin Ley.
2 min read · 21 January 2013
The fourth PPP road project in the Canadian province would bring the road encircling its largest city 25 kilometers closer to completion. A final southwest portion of the road requires a land purchase from a neighboring first nation but is expected to be completed by 2015.
2 min read · 21 January 2013
