The private equity firm has agreed a £64m PIPE with Premier Foods, the UK-based owner of household food brands including Hovis, Cadbury and Bisto, which has been struggling under a £1.7bn debt mound. The investment will form part of a 1.5bn share offer intended to raise around £404m.
2 min read · 21 January 2013
The reductions follow the 1,000 jobs that the Australian investment bank eliminated between September and January. Macquarie Capital Advisors lost the most staff, according to sources.
2 min read · 21 January 2013
With the exception of two individual investors currently in default – one as the result of being embroiled in the Bernard Madoff scandal – Stephen Schwarzman, Blackstone’s CEO and co-founder, said his LPs are not requesting commitment downsizings, an issue some private equity firms are dealing with amid the liquidity crisis.
2 min read · 21 January 2013
The Caribbean & Latin America Real Estate Fund will focus on distressed opportunities and development with a primary focus on the Dominican Republic, Puerto Rico, Antigua and Barbuda.
1 min read · 21 January 2013
Ports America, a stevedore owned by Highstar Capital, beat our eight other competitors for a 50 year concession to improve and operate five berths at the California port, the US’ third busiest by container volume. The contract is the first of its kind for US marine terminals.
3 min read · 21 January 2013
As Europe’s glitziest property-fest prepares to get under way next week, organisers say attendance levels will be a third lower than last year’s event.
2 min read · 21 January 2013
Tokyo-based KK daVinci is reportedly in talks to sell three prime offices in the city. A sale would come hot-on-the-heels of the firm’s $142 million divestment of the Lietocourt Arx residential tower to Kuwait’s St Martins Group.
1 min read · 21 January 2013
The Japanese private equity fund’s investment in New Songdo City, a South Korean trade zone, would reportedly be the single biggest Japanese investment in the country.
1 min read · 21 January 2013
The world’s largest private manager of infrastructure assets said it will not buy further shares in its specialist listed funds. Macquarie shares hit a 10-year low amid speculation that the firm would have to raise capital amid mounting losses from investments in the funds.
2 min read · 21 January 2013
The global investment firm’s $8.8bn MSREF VI International fund will reportedly tack on the latest losses onto an existing $1bn shortfall. Morgan Stanley is still fundraising for Fund VII, which has closed on $6bn of commitments against a target of $10bn.
2 min read · 21 January 2013
