The Wall Street bank’s real estate arm is reportedly buying 10 European hotels as it ramps up exposure to the global hospitality sector.
2 min read · 22 January 2013
The listed Paris-based private equity group has wrapped up €500m in commitments for its first vehicle for third-party investors.
1 min read · 22 January 2013
Charlie McCreevy, the European Union’s internal market commissioner, has reiterated his support for the private equity industry, while conceding that the industry has a lot of work to do to convince sceptics that it is a force for good.
2 min read · 22 January 2013
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
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
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
Shares in Sainsbury’s, a UK grocery chain at the center of a controversial £10bn private equity bid, slid this morning as two more of the buyout firms involved reportedly pulled out of the deal. The news followed continuing opposition from pension fund trustees and minority shareholders.
2 min read · 22 January 2013
