The Los Angeles-based private equity firm acquired most of the food product supplier’s debt for less than $200m after it filed bankruptcy earlier this year. Madison Dearborn Capital Partners bought Pierre for $422m in 2004.
1 min read · 22 January 2013
Similar to Partnerships UK, Partnerships USA would provide common deal documentation, advice, project monitoring and other support services to help the public sector implement PPPs in the US.
2 min read · 22 January 2013
Private equity real estate and private equity funds investing in Asia raised $58bn in the first 11 months of 2008, according to a study – almost two-thirds more than for the whole of 2007.
2 min read · 22 January 2013
The deal is the private equity real estate firm’s largest to date and includes 13 offices and one distribution centre across 10 US states. The firm says some institutional investors are looking for “less volatile” real estate opportunities.
2 min read · 22 January 2013
The Middle Eastern market is being affected by the credit crunch as it looks to cut back on ‘overcapacity’. The investment bank operates various private equity and real estate funds, including a $533m Saudi hospitality fund.
2 min read · 22 January 2013
The German commercial real estate lender, partially owned by private equity firms JC Flowers and Grove International, has secured another liquidity guarantee from the government, on top of the €20bn already promised.
1 min read · 22 January 2013
Property markets in the Middle East and India are underserved in terms of luxury real estate developments, according to Donald Trump Jr, son of real estate mogul Donald Trump. Trump Jr is reportedly raising $1bn to target high-end real estate projects in India, with an initial focus on Mumbai.
1 min read · 22 January 2013
The California-based oil change service provider is selling its assets to its lenders, Goldman Sachs and Blackstone debt unit GSO Capital Partners, amid steep losses. The company blames the recession, high gas prices and negative publicity for its bankruptcy filing.
2 min read · 22 January 2013
The $97bn pension, which has lost about $30bn since the end of June, increased the upper limit of its target private equity allocation to account for the denominator effect.
1 min read · 22 January 2013
Regulators have reportedly rejected the joint venture, and instead allowed CITIC to launch a private equity arm expected to raise RMB 6bn for its first fund.
2 min read · 22 January 2013
