The intellectual property of Linens 'n Things, the former Apollo Global portfolio company, has been acquired by private equity firm Hilco Consumer Capital and investment firm Gordon Brothers Group for vastly less than the original $1.3bn buyout value.
2 min read · 21 January 2013
Private equity firms have quite literally been on a shopping spree. Buyouts in the retail/consumer sectors in the past five years attracted the largest amount of capital from the world’s largest private equity firms.
1 min read · 21 January 2013
European retail property fund manager has tapped James Bury from JER Partners to become head of European fund management.
2 min read · 21 January 2013
The bankrupt Tribune Company is nearing a final agreement to sell the Chicago baseball team purchased by real estate mogul Sam Zell. A $900m offer from the head of Chicago investment bank Incapital reportedly beat bids from private equity executives Marc Utay and Leo Hindery.
2 min read · 21 January 2013
The $153bn pension allocated $200m to Bank of America for investments with emerging managers, and $350m to minority-owned Parish Capital as part of its emerging private equity managers programme.
2 min read · 21 January 2013
The Dutch bank, with €72bn of real estate assets under management globally, has also parted company with its chief executive after revealing a €1bn loss during 2008.
2 min read · 21 January 2013
Almost a third of all value-added and opportunistic real estate vehicles closed in 2008 were targeting the Asian property markets, according to proprietary data from PERE magazine.
1 min read · 21 January 2013
The Dubai-based investment firm is entertaining bids for the iconic New York store after buying it for $942m in 2007, according to reports. A sale would likely mean a substantial loss for Istithmar.
2 min read · 21 January 2013
AIG Global Real Estate, the property investor and fund management arm of global insurance and financial services company AIG, is planning the sale of its fund management business. Financial details were not disclosed.
1 min read · 21 January 2013
The German fund manager says it has had to prolong the period of suspending redemptions on one fund, while it is able to lift suspensions on another.
1 min read · 21 January 2013
