The investment will shore up Straits Resources’ balance sheet and assist in the potential disposal of its coal assets.
2 min read · 21 January 2013
The private equity firm is reportedly at odds with the German government over how to rescue stricken commercial real estate lender Hypo. JC Flowers and Grove International invested €1.1bn for a 24% stake in the bank in June.
1 min read · 21 January 2013
Angelo Gordon’s sale-leaseback group has bought the headquarters and main distribution centre of Stampede Meat, a portfolio company of Fairmont Capital, PNC Mezzanine Capital and Sankaty Advisors. The all-equity deal was valued at $14m.
1 min read · 21 January 2013
London-based Benson Elliot has raised €510 million for Benson Elliot Real Estate Partners III, its second fund. Marc Mogull, founder, says the next few years will offer a ‘once in a generation opportunity’.
2 min read · 21 January 2013
The number of development loans written-off by banks in the US is also expected to rise sharply for the final three months of 2008. Of the estimated $60bn in outstanding construction loans as of Q4, 8.2 percent are expected to be non-accrual.
1 min read · 21 January 2013
Malcolm Le May, the head of Europe for private equity real estate firm JER Partners, has left the business as it focuses more on 'asset management'. JER president Michael Pralle will take over Le May's responsibilities.
1 min read · 21 January 2013
The value-added real estate firm has promoted David Streicher to partner and appointed veteran Jennifer Levy as CFO with responsibility for accounting, tax and reporting.
1 min read · 21 January 2013
Indian property firm, DLF, is to streamline its future strategy after investors turn away from the luxury and retail sectors. The firm is also nearing a sale of its asset management business to private equity firms.
2 min read · 21 January 2013
The private equity firm is reportedly at odds with the German government over how to rescue the stricken commercial real estate lender. JC Flowers and Grove International invested €1.1bn for a 24% stake in the bank in June.
1 min read · 21 January 2013
The use of unrealistic, aggressive assumptions in real estate acquisitions over the past few years is now posing a challenge for some GPs. PERE magazine February 2009 issue.
3 min read · 21 January 2013
