PricewaterhouseCoopers, the administrators to Lehman Brothers in the UK, has discovered more than 200 subsidiaries and joint ventures across the region. Investors are lodging their expressions of interest.
1 min read · 22 January 2013
Boca Raton, Florida-based private equity firm Sun Capital Partners has acquired value-priced retailer Gordmans, which counts 65 stores in the Midwestern US.
2 min read · 22 January 2013
Valued by regulators at £1.8bn, the sale of the UK airport could fetch as much as £3bn for the Spanish airport investor. The announcement came less than a month after the UK’s Competition Commission published preliminary plans to force BAA to sell three of its seven airports.
2 min read · 22 January 2013
A halt in share trading yesterday in Central and Eastern developer Orco has prompted the company to deny it has funding problems. It also blamed short sellers for the fall in its share price.
1 min read · 22 January 2013
Indian real estate investment firm Trikona Capital is selling a third portfolio to a German fund manager with $21 billion under management.
1 min read · 22 January 2013
As British bank Barclays snaps up Lehman’s core investment banking businesses, the fate of the bankrupt bank’s investment management division including its private equity and real estate portfolio has yet to be sealed.
1 min read · 22 January 2013
The European real estate firm, formerly known as Meinl European Land that targets shopping centers in Central and Eastern Europe, re-evaluates its development pipeline following the €800m investment by Citi Property Investors and Gazit-Globe.
1 min read · 22 January 2013
The private equity firms are reportedly in discussions to buy Lehman’s investment management unit, which includes its $30bn private equity portfolio. The price of the investment management arm, around $5bn last week, may come down after Lehman’s bankruptcy filing yesterday.
1 min read · 22 January 2013
The US alternative asset manager, which has been active in Spain recently, has agreed a joint venture to develop a retail warehouse in Malaga, southern Spain.
1 min read · 22 January 2013
As part of a frantic weekend on Wall Street, Bank of America has agreed to acquire Merrill Lynch, including its investment management business. A spokesman said it was ‘too early’ to tell whether the deal would include Merrill’s private equity portfolio, or whether it would spin out as an independent firm.
3 min read · 22 January 2013
