David Loglisci and Henry Morris, a former political advisor to the US public pension, allegedly extracted sham ‘finder’s fees’ from private equity and hedge funds including Carlyle, Riverstone, Aldus, Falconhead, Odyssey, Access Capital, GKM Newport, Paladin Capital Group, Pequot and PCG.
4 min read · 21 January 2013
The private equity firm, which first bought into MBIA in 2007, has increased its stake after the bond insurer separated its municipal bond insurance arm from its mortgage-backed insurance unit in an attempt to restructure.
2 min read · 21 January 2013
A consortium led by the Bahrain-based listed private equity firm has acquired a 70% stake in L’Azurde, a Saudi Arabian jewellery company valued at $300m. The demographics underpinning MENA's demand for jewellery are encouraging, said co-head of Investcorp’s Gulf growth capital business, Azmat Taufique.
2 min read · 21 January 2013
The California-based firm is buying the newspaper, which has a weekday circulation of 270,000, as the newspaper industry continues to contract amid plummeting sales.
2 min read · 21 January 2013
Even if its satellite entities carry on, Babcock’s going into administration signals the firm’s official demise as a major force in infrastructure finance, writes Cezary Podkul.
2 min read · 21 January 2013
The firm's private equity arm wants to use half the uninvested capital from its $20bn buyout fund to back distressed companies and buy discounted debt.
2 min read · 21 January 2013
Bank of America has made 14-year Merrill Lynch veteran James Forbes the head of its real estate and private equity business.
2 min read · 21 January 2013
Terracap Partners is raising its debut fund targeting distressed properties in Florida and IRRs up to 27%.
1 min read · 21 January 2013
The US private equity firm succeeded in forcing the completion of a deal by Irish group, Menolly Investments, to buy a large central London development.
1 min read · 21 January 2013
The fund management business owned by property services firm Savills, appoints industry veteran Peter Johnson from UK house builder Taylor Wimpey as it looks to bolster its business. It is the second senior management change at the firm in less than a month.
1 min read · 21 January 2013
