The real estate arm of The Blackstone Group has sold off its Extended Stay Hotels chain to The Lightstone Group for $8bn.
2 min read · 22 January 2013
Morgan Stanley makes its first investment in Brazil via the acquisition of a minority stake in Abyara, a Sao Paolo-based real estate company.
2 min read · 22 January 2013
NASDAQ-listed Apollo Investment Corporation has acquired Innkeepers USA Trust for $1.5bn in cash.
1 min read · 22 January 2013
UK-listed private equity group 3i has been linked with a £375m bid for Erinaceous Group, a scandal-hit property management business.
2 min read · 22 January 2013
In 2005, a German politician said LBO firms could very well descend upon Germany like a “swarm of locusts” as they scoped out deals in his country. Around the same time, firms investing in South Korea got a rude awakening as the country’s tax authorities pursued a number of investigations, deserved or not, into the dealings of private equity firms.
2 min read · 01 February 2013
The lot that was once home to Howard Hughes’ aircraft concern is slowly being revamped into a mixed-use development featuring soundstages, basketball courts, offices and residential units.
2 min read · 22 January 2013
Doubling its holdings in the Windy City, New York-based KTR Capital Partners has acquired 23 buildings near O’Hare airport for $107m.
2 min read · 22 January 2013
The Sainsbury family seems to have triumphed in its bid to keep the UK retailer out of private equity hands, after the last remaining members of the buyout consortium admitted defeat in their battle to take the company private.
2 min read · 22 January 2013
Tamara Mellon, the founder and president of Jimmy Choo Limited, will join the board of the newly acquired fashion house Hilco.
2 min read · 22 January 2013
The US secondaries specialist has invested in two pan-European funds, one on a secondary basis and the other as a primary investor in a new fund run by the same manager.
1 min read · 22 January 2013
