The founder and chairman of UK pub group, JD Wetherspoon, has warned private equity and property investment groups have had a “pretty disastrous” effect on the British pub industry after piling large debt loads onto some companies, according to a report.
2 min read · 21 January 2013
The property services firm makes its second raid on Barclays Capital in three months as it looks for a brighter future and creates a point of contact for private equity firms. Serkan Bektas will become DTZ's new head of capital markets, following in the footsteps of ex-Barclays COO Pail Idzik, who moved to be DTZ's CEO last November.
1 min read · 21 January 2013
Only half of the 32 participating private equity firms are in full compliance with the BVCA-backed Walker Guidelines, the first report shows. The guidelines were established in 2007 by David Walker. Participating private equity firms include The Blackstone Group, 3i and Kohlberg Kravis Roberts.
2 min read · 21 January 2013
Washington DC knocks New York City off the top global investment destination among foreign real estate investors, according to a new survey. The US was seen as the best market for capital appreciation, followed by Brazil and China.
1 min read · 21 January 2013
The fund has bought out all non-Barclays investors in another Barclays private equity-managed fund, Infrastructure Investors. The transaction is meant to give the newly raised fund ‘critical mass from the outset’.
2 min read · 21 January 2013
Ezra Merkin, the chairman of the Cerberus-backed financing company, resigned his position Friday as part of an overall board restructuring required by the US government for the company to become a bank holding company. Merkin is also being sued over links between a separate investment fund he controls and the Bernard Madoff Ponzi scheme.
2 min read · 21 January 2013
The sale of Lehman Brothers Real Estate, which controls $9.7bn of funds, is expected in the first quarter of 2009, sources say. It comes as the private equity arm of the failed bank, Lehman Brothers Merchant Banking, is partially spun out as an independent firm. LPs are being allowed to reduce their unfunded commitments by 25%.
2 min read · 21 January 2013
BC Partners has admitted that the acquisition in June 2007 of UK estate agent Foxtons was the “wrong call”. The firm gave a press conference yesterday to clear the air after months of speculation about the ill health of their recently acquired asset.
2 min read · 21 January 2013
Final voting has started for the third annual Global PERE Awards. Will Blackstone retain its title as global firm of the year or will MGPA, LaSalle, Carlyle or Lone Star steal its thunder. Who will clinch the title for global industry figure of the year – Jim Quille, John Gray, Michael Pralle, John Grayken or Neel Kashkari? Only you can decide.
2 min read · 21 January 2013
Recently formed bank grows its Shariah-compliant real estate business on the back of the appointment.
2 min read · 21 January 2013
