The DLJ spin-out has sold its 100 percent holding in Catamount Energy after purchasing the company for $76m in 2005. Catamount operates a 300-megawatt wind farm in Texas and holds 1,750-megawatts in developmental interests in the UK and US.
1 min read · 22 January 2013
Following the appointments of new country managers in Hungary and the Czech Republic, the real estate investment firm has acquired a retail complex in Pilsen, Czech Republic through its Central Europe-focused property fund.
1 min read · 22 January 2013
The chairman and co-founder of Equity International is considering selling the landmark headquarters of the Chicago Tribune for a reported $200m after buying the media company last year. The Los Angeles Times headquarters could also be sold by the real estate magnate.
2 min read · 22 January 2013
Scott Nuttall, the head of KKR’s financial services group, will also oversee fundraising and broker-dealer activities, while Todd Fisher, co-founder of the firm’s London office, will fill a newly created role of chief administrative officer. Perry Golkin will narrow his investor relations activities.
2 min read · 22 January 2013
The summer recess will give time for the government to refine its plans, which critics have said could lead to an industry exodus to more favorable neighboring jurisdictions.
2 min read · 22 January 2013
The New York Common Retirement Fund, the third largest in the US, has made public recent commitments to CVC Capital Partners’s recently closed mega-fund and Leichtman Capital Partners mid-market fund, which is targeting $1bn.
1 min read · 22 January 2013
The private equity real estate firm headed by Barry Sternlicht calls for greater personal responsibility towards the environment as he announces a $200m deal to develop a luxury sustainable condo-hotel on the Pacific coast.
2 min read · 22 January 2013
The number of funds targeting less than $1 billion of equity commitments has increased by almost one fifth to 128 in the first quarter of this year, with managers’ focus firmly pointed towards Asian real estate, according to research by New York-based fund of funds Clerestory Capital Partners.
2 min read · 22 January 2013
Indian development firm GMR Infrastructure will purchase AIG’s 50 percent stake in power generation company InterGen, while Ontario Teachers’ will continue to hold the remainder of the company it purchased with AIG in 2005.
2 min read · 22 January 2013
Hong Kong tycoon Li Ka-shing’s firm will mainly focus on the main cities in China, Singapore, Hong Kong and Malaysia, but also look to Taiwan, Thailand and Vietnam. With leverage, ARA has a potential $5bn to invest.
1 min read · 22 January 2013
