The private equity firm has brought on Morgan Stanley’s global head of healthcare investment banking, John Moore, to lead its North American healthcare team. The team will focus on global scalability and cost effectiveness.
2 min read · 21 January 2013
The Chicago-based fund manager has extended the deadline of its offer to buy retirement community REIT, American Land Lease after just 85.5% of the company’s stock has been tendered. Green Courte was looking to achieve a minimum tender of 88%.
1 min read · 21 January 2013
Talks have failed between banks and Australian Discount Retail, the country's largest discount retail group, over company debts of A$96m.
2 min read · 21 January 2013
The $28bn Alaska Permanent Fund says it's a 'difficult time to be an investor' as it saw heavy losses in the public real estate markets in 2008. Overall, Alaska’s real estate portfolio lost around 8% of its value, with its REIT investments falling almost 50%.
1 min read · 21 January 2013
The real estate buyout arm of Lehman Brothers, Lehman Brothers Private Equity Real Estate, has attracted more than 100 expressions of interest for its fund positions and the group operations. Lehman is running a formal bidding process to assess options for the divison. An announcement is expected in Q1.
2 min read · 21 January 2013
The bankrupt newspaper company Tribune Company is hammering out a final agreement to sell the Chicago baseball team purchased by real estate mogul Sam Zell to investment bank head Tom Ricketts, according to a report. Ricketts beat real estate investor Hersch Klaff and private equity executives Marc Utay and Leo Hindery.
2 min read · 21 January 2013
The words of US President Barack Obama during his inauguration this week might well have been said by a GP to his LPs. Here we present an abridged version, with PERE translations.
2 min read · 21 January 2013
A survey conducted at PEI Media’s annual CFO and COO Forum in New York also revealed that one in 10 firms have recently experienced a defaulting limited partner.
1 min read · 21 January 2013
The distressed buyout firm’s acquisition of nearly 70% of First Bank & Trust could lead to further banking asset purchases in the future.
1 min read · 21 January 2013
Unpredictable capital flows and managers often relying on minority stakes are two reasons why the banking giant’s private equity group will only increase exposure to emerging markets private equity at ‘a measured pace’.
2 min read · 21 January 2013
