CVC, Hellman & Friedman, Welsh Carson, Advent and Actis are among the industry veterans to have won awards in the highly regarded Private Equity International Awards 2008.
2 min read · 21 January 2013
The New York private equity real estate firm discontinued its legal claim to buy the freehold of the central London residential complex owing to falling property prices. Sources told PERE the firm may launch another bid when conditions are “more favourable”.
2 min read · 21 January 2013
Private equity real estate firm Corestate Capital’s company Alta Fides is marketing three student accommodation developments in Germany. The portfolio company said it would create up to 2,500 residential units per year.
1 min read · 21 January 2013
Richard Cotton, a 13-year stalwart of real estate investment banking at JP Morgan Cazenove in London is leaving to join Greenwich-based Forum Partners.
1 min read · 21 January 2013
The London-based firm has appointed former Goldman Sach’s Whitehall Street funds executive director Philipp Braschel to lead the firm in Germany. Recent deals by Benson Elliot include the purchase of Düsseldorf’s Deutsch-Japanisches Center, and an investment in a performing mezzanine debt tranche.
1 min read · 21 January 2013
The troubled UK lender will no longer provide long-term project finance loans with durations of more than 15 years but it will continue to make such loans of 'appropriate length', according to people familiar with the matter.
4 min read · 21 January 2013
Europe’s private equity industry has submitted a 300-page document to the European Parliament to begin a debate on industry regulation without ‘political colour’. An enforced code of conduct has become a necessary step, according to EVCA secretary general Javier Echarri.
3 min read · 21 January 2013
British property company Sovereign Land is teaming up with veteran broker Chris Geaves to take advantage of the country's pricing correction. The fund will particularly target shopping centres. Geaves will be 'winding down' his role at Strutt & Parker.
1 min read · 21 January 2013
A JV between the Dublin-based private equity real estate firm and developer FOM Real Estate has sold a hotel in Frankfurt to an open-ended fund run by Deka Immobilien. The firm paid €30m for the property in July 2007.
1 min read · 21 January 2013
British pension funds diversified their portfolios by investing 40% more in private equity and 30% more in hedge funds in 2008 over the previous year. Real estate fared less well, however, with mandates dropping by 25%.
2 min read · 21 January 2013
