Liverpool has become the third English football club to come under US ownership, after accepting a £470 million takeover bid from US private equity veteran Tom Hicks and compatriot George Gillett. The deal will help the club finance a new stadium.
2 min read · 22 January 2013
Blackstone has hit back at a rival consortium by sweetening its own offer for US real estate business Equity Office Properties, ahead of tomorrow’s crucial shareholder vote.
2 min read · 22 January 2013
The US investment firm becomes the second company this year to close on a fund of funds vehicle targeting the European property markets.
2 min read · 22 January 2013
Dubai-based Abraaj Capital has secured one-quarter of its targeted fund size at the first close of its infrastructure and growth capital fund.
1 min read · 22 January 2013
On April 9, 2003, Steve Schwarzman and Barry Sternlicht joined together, presumably for the first time, in a friendly game of hoops. At the Chelsea Piers sports complex on the West Side of Manhattan, the two private equity bigwigs competed in a charity basketball event that pitted them against a team of female collegians. And despite the handicaps of age and athleticism—Schwarzman had missed the event the previous year due to a skiing injury—Schwarzman and Sternlicht were able to eke out a 40-38 victory.
3 min read · 01 February 2013
A trio of private equity firms could mount a €13bn bid for the supermarket chain partly using property to finance a deal.
2 min read · 22 January 2013
Sam Zell’s US real estate group has voted to accept Blackstone’s bid of $54 per share, despite Vornado Realty Trust’s last ditch offer of $56 per share.
1 min read · 22 January 2013
Last year, British architect Sir Norman Foster unveiled a giant glass pyramid in Astana, the capital of Kazakhstan. Now, he is back, this time to build a huge tent that will shield a giant urban park.
2 min read · 22 January 2013
Inside one of London's most striking towers, four European bankers recently gathered to discuss the liquidity in the debt markets, the requests of their clients and why Europe is more sophisticated than the US. By Robin Marriott
10 min read · 22 January 2013
Private equity real estate firms are increasingly looking towards permanent capital vehicles to boost their funding base. But despite the dollars to be had, it's not all wine and roses. By Aaron Lovell
7 min read · 22 January 2013
