The publicly traded mid-market and mezzanine firm has said it will also close two offices and implement ‘internal cost saving steps’ as it re-sizes its operations to coincide with lower business volume. 3i is reportedly cutting 15% of its staff.
2 min read · 22 January 2013
The German retail property investment company has cut all ties to its former parent company changing its name to Treveria. It also has taken all asset management in-house, saying was time for Treveria to ‘focus on prudent cash management’ as it nears the upper limits of its LTV covenants.
2 min read · 22 January 2013
Chicago mayor Richard Daley has approved the bid from the investment bank’s infrastructure group to operate the city’s 36,000 metered parking spaces. The bid, if given approval by city council, would be the first long-term privatisation of a major metropolitan parking system in the US.
3 min read · 22 January 2013
The global buyout firm will eliminate 100 of its 1,000 employees as the firm tries to adjust to contractions in global financial markets. It will also shut its Menlo Park office.
2 min read · 22 January 2013
The Marshall Real Estate Management Fund will target distressed late-stage construction projects and real estate in Moscow. The firm said assets were trading at 'considerable discount' thanks to the credit crunch.
1 min read · 22 January 2013
The Chinese sovereiegn fund has reportedly hired Zhou Yuan, former China head of global investment bank UBS.
1 min read · 22 January 2013
The Chinese sovereign fund has reportedly hired Zhou Yuan, former China head of global investment bank UBS to lead its real estate and private equity funds.
1 min read · 22 January 2013
Corporate finance lawyer Jacques Demers will lead OMERS Strategic Investments, a new investment division tasked with making very large investments for the pension in 'global asset companies' including airports, real estate and energy projects.
2 min read · 22 January 2013
The Los Angeles-based real estate investment and services firm will target real estate opportunities in the Middle East from its Bahrain office.
1 min read · 22 January 2013
The Chicago-based investment firm has rounded up $5.6m for its latest fund.
1 min read · 22 January 2013
