As it nears the $2bn mark in a $2.5bn fundraise, UK private equity firm GI Partners' portfolio company Orchid has purchased 10 businesses from collapsed pub chain Bar Room Bar. Orchid had previously sold Bar Room Bar for £20m.
1 min read · 21 January 2013
Investment firms with assets over a ‘modest threshold’ will need to register with the SEC, according to a proposal released last night by the White House. The plan comes a day after a Senate bill set $30m as the line above which all firms would need to register.
2 min read · 21 January 2013
Foreign investors in real estate say a recovery could come within a year. A survey by AFIRE revealed that members expect 3x more debt investments and 7x more equity investments to be made in the second half of 2009 than for the whole year-to-date.
1 min read · 21 January 2013
The UK budget hotel group Travelodge has teamed up with Meghraj to attract capital for a property fund that will acquire struggling hotels.
1 min read · 21 January 2013
The West coast debt shop has garnered $420m in commitments from LPs for its latest vehicle, the Mesa West Real Estate Income Fund II. It will continue fundraising until the end of the year, PERE has learnt.
1 min read · 21 January 2013
One of the largest private equity real estate platforms in the world will become independent of its bankrupt parent company, PERE has learned. The spin-out will include Mark Walsh, instrumental in steering Lehman’s overall real estate strategy for more than 20 years.
2 min read · 21 January 2013
The cash infusion will help Goodman meet liabilities this year. The Australian property group says the agreement with CIC also envisages the pair working on a broader strategic relationship.
2 min read · 21 January 2013
Walnut Creek, California-based Sequoia Equities will target high-net-individuals as it looks to raise $100m for buying distressed construction and development loans.
1 min read · 21 January 2013
The hotel group acquired by the New York-based private equity real estate firm in June 2007 for $7.4bn has filed for bankruptcy protection after it failed to restructure around $7.6bn of debt. There are no plans to close or sell the hotels.
2 min read · 21 January 2013
The US firm is making the investment for the CB Richard Ellis Strategic Partners Europe Fund III.
1 min read · 21 January 2013
