Former IBM chief Louis Gerstner will step down as the global private equity and real estate firm’s chairman after five years. He will remain a senior advisor to the firm’s Asia, Europe, Japan and US buyout funds.
2 min read · 22 January 2013
The president of JER Partners, Michael Pralle, argues investing in private equity real estate funds could prove a good fit for Middle Eastern and Asian countries rich with petro-dollars. Private equity real estate, he said, provided a 'middle road' to funds wanting alternatives to direct investing and REITs.
2 min read · 22 January 2013
As the New York-based private equity real estate firm prepares its European debt fund, it has added additional capital to its US debt vehicle.
1 min read · 22 January 2013
The private equity-backed company, Mrs Fields Famous Brands, plans to file for Chapter 11 as declining consumer spending in the US takes its toll. The shopping mall-centred company's Mrs Fields and TCBY franchise stores have suffered closures since 2004.
2 min read · 22 January 2013
Carlyle, General Atlantic, Hellman & Friedman and Blackstone have been reported as potential buyers of Lehman Brothers divisions including its private equity arm, as the beleaguered investment bank looks to shore up its balance sheet.
2 min read · 22 January 2013
The San Francisco private equity firm has purchased a majority interest in the Italian restaurant chain from casual dining operator Brinker International. Brinker will retain a 19.9% stake in the chain, which it had been shopping for nearly a year.
1 min read · 22 January 2013
Pakistani authorities have reportedly approved a regulatory framework that provides more clarity with regards to private equity fund formation, registration and fundraising.
2 min read · 22 January 2013
The Pennsylvania Public School Employees’ Retirement System has also approved €150m for Nordic Capital's latest buyout vehicle.
1 min read · 22 January 2013
The Bahrain-based investment bank has completed what it says is France’s largest LBO this year, in the form of a secondary deal for Compagnie Européenne de Prestations Logistiques. Sagard purchased the company in 2005 for an undisclosed sum, and has exited for an estimated €500m.
2 min read · 22 January 2013
Private equity now makes up 11 percent of the Canadian pension’s capital under management, which has grown to nearly $128bn. The CPPIB has narrowly bucked the loss-making trend among North American pension funds, recording a 1 percent total return on investments in the three months ended in June.
2 min read · 22 January 2013
