The troubled German real estate lender today clarified its situation, suggesting comments by the German finance ministry had been misinterpreted.
2 min read · 22 January 2013
The London-based private equity real estate firm has taken on a former managing director at Fortress Investment Group, a development director at Lordship Estates and a general counsel.
1 min read · 22 January 2013
The mid-market buyout firm has agreed to a refinancing package – increasingly rare given credit dislocation – for sportswear brand Odlo on terms ‘very similar’ to the senior debt agreement put in place at the time of its original acquisition in 2006.
2 min read · 22 January 2013
The new commitments bring the publicly listed infrastructure fund’s total investments to £546m since inception.
2 min read · 22 January 2013
Lehman's private equity real estate arm is not part of the $2.1bn deal by Bain Capital and Hellman & Friedman to acquire the investment bank's prized asset management business, Neuberger Berman. Lehman's private equity funds of funds and secondaries units will be sold.
1 min read · 22 January 2013
The German real estate and infrastructure lender announced a multi-billion euro credit facility today to shield it from disaster. It was enough, Hypo said, to cover its funding needs “well into the future”. Shares crashed 70 percent on the news.
2 min read · 22 January 2013
The rise of Brazil continues with ING Real Estate Management, one of the world’s largest real estate investment managers, opening an office in São Paulo.
3 min read · 22 January 2013
BVCA head Simon Walker has distanced private equity’s investment strategy and remuneration scheme from investment banks and hedge funds, while speaking at the annual Conservative Party conference. He also stressed the UK’s need for private equity’s vast capital reserves given current market conditions.
3 min read · 22 January 2013
The OpernTurm building in Frankfurt is not yet complete, but German fund manager KanAm has agreed to buy the tower at a time when the German economy might be about to shrink. The parties to the deal have agreed to keep the price under wraps.
1 min read · 22 January 2013
Shareholders in light industrial property investor Spazio Investment, which include prominent hedge fund GLG Partners, are forcing a shake-up of the company leading not only to accelerated asset disposals and a halt to new acquisitions, but the alteration to incentive fees for external asset manager, Italy’s Pirelli Real Esate.
2 min read · 22 January 2013
