The publicly listed private equity firm, battered by the public markets, has increased the stake the Chinese sovereign wealth fund can own in the firm from 9.99 percent to 12.5 percent.
2 min read · 22 January 2013
The publicly listed private equity firm is trying to keep afloat two of its portfolio companies, Gagfah, a German real estate company, and Intrawest, a ski resort company, that are both burdened by debt, according to media reports. Gagfah said the report was not true.
2 min read · 22 January 2013
The principal and chief executive of the private equity real estate's Asian operations has left the outfit, reportedly to start his own firm.
1 min read · 22 January 2013
The Washington, DC-based firm wants to outbid Bain and Hellman & Friedman for Lehman’s investment management unit, but has said provisions in the sales agreement including a $110m break-up fee will have a chilling effect on additional bidders.
2 min read · 22 January 2013
Following the defection of a senior team to JER, GE Real Estate has redeployed a senior figure in Asia to Central Europe.
1 min read · 22 January 2013
Reports that Blackstone had abandoned plans to acquire a majority stake in a new Shanghai development were scotched by the seller, VXL Capital. VXL admitted though the closing date for the deal had been pushed back slightly.
2 min read · 22 January 2013
The Merrill Lynch Asian Real Estate Opportunity Fund is the firm’s first Asia-dedicated fund, which will focus on Japan, China, South Korea and India.
1 min read · 22 January 2013
The US investor is helping Slovakian developer GRUNT progress projects in Bratislava. GRUNT’s finance head says he sees the relationship being extended.
1 min read · 22 January 2013
Pacific Star has recruited Knut Riesmeier from the global asset mangement division of insurer Munich Re to lead efforts in the region.
2 min read · 22 January 2013
The Japanese firm's third buyout fund is targeting a final close on $2bn by the end of the year.
1 min read · 22 January 2013
