The private equity firm, which took the real estate broker private in a 2007 deal valued at $8.5bn, has agreed to financially support the company to help it meet its debt obligations and avoid default for at least the next 12 months.
2 min read · 21 January 2013
The industrial real estate specialist has closed its second fund. The value-added vehicle will target North American assets in large industrial markets.
1 min read · 21 January 2013
The buyout industry has been incapable of ‘using leverage sensibly’ and must support restrictions on excess LBO debt, argued Hugh MacArthur, global head of Bain & Co’s private equity practice.
2 min read · 21 January 2013
The annual property show in Cannes is renowned for its use of yachts as the places on which to do business. Falling delegate numbers have not impacted demand. Among the firms renting yachts this year are Aberdeen Property Investors, RREEF and Cushman & Wakefield.
2 min read · 21 January 2013
The 12 largest lenders claiming to be open to new business for UK property have been revealed by London-based property services firm, Savills. Two thirds of them are German.
1 min read · 21 January 2013
Europe's largest property event got underway today with noticeably fewer people attending than in previous years. However, that hasn't stopped Shanghai Tower Construction & Development company unveiling plans for the tallest tower in China, slated for completion in 2014.
1 min read · 21 January 2013
As LPs increasingly push back on deal terms, GPs may want to consider some relatively low cost moves to mitigate their concerns, writes Kevin Ley.
2 min read · 21 January 2013
Fresh from raising nearly €1bn for its eighth mid-cap fund, the French private equity firm is aligning itself to take advantage of market dislocation. It is also raising its third small-cap fund.
2 min read · 21 January 2013
London based Palmer Capital Partners and 30 directors at UK property services firm GVA Grimley, are to launch a £75 million property fund aimed at buying distressed assets at bottom of the market prices.
2 min read · 21 January 2013
Peter Rhodes, managing director at Reed MIDEM UK says there will be fewer parties at the world’s largest property event as firms send fewer junior executives and the number of non-paying visitors decline.
2 min read · 21 January 2013
