The accounting arm of the real estate consulting firm appoints former Vornado executive Stanley Perla as managing director of its newly-named Cornerstone Accounting Group.
1 min read · 22 January 2013
Raffles City China, which will be the largest private equity vehicle managed by CapitaLand, will develop Raffles City-branded developments in key gateway cities in the country. A second close in December could increase fund commitments to $1.3bn.
1 min read · 22 January 2013
The New York-based private equity real estate firm led by Apollo partners Bill Mack and Lee Neibart has acquired Hudson’s Bay Company, Canada’s largest retailer. NRDC is now hoping to expand its previous retail acquisition, the prestigious Lord & Taylor chain, into Canada.
2 min read · 22 January 2013
The New York-based private equity firm has made its second significant investment in the renewable energy sector with an agreement to invest in a wind farm off the coast of Germany.
2 min read · 22 January 2013
Newly-created European private equity real estate firm Palatium Investment Management has taken on Adam Shutkever, a former managing director with Deutsche Bank.
1 min read · 22 January 2013
Steve & Barry’s, the discount clothes retailer with 276 stores in the US, cites a ‘liquidity shortfall’ after filing for Chapter 11 protection. Boston-based private equity firm TA Associates held a minority stake in the company, which recently signed-up Sex and the City star Sarah Jessica Parker.
2 min read · 22 January 2013
The arcade and dining franchise will use the fresh capital to pay down debt, roughly two years after Wellspring purchased the company in a $375m take-private. Wellspring will retain a controlling interest in the company.
2 min read · 22 January 2013
The Australian property firm has held a first close on its €500 million fund to invest in French industrial property.
1 min read · 22 January 2013
A £375m property joint venture between real estate investor aAim and UK car dealership Pendragon and has breached banking covenants according to the Sunday Telegraph. The investors have been asked to inject £20 million into the venture.
1 min read · 22 January 2013
The long-time KKR loyalist will be the first public pension to invest in a “dedicated separate account” managed by KKR Fixed Income. The commitment dwarfs previous Oregon commitments to KKR’s buyout funds.
2 min read · 22 January 2013
