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 San Antonio, Texas-based real estate investment firm will focus on distressed US property sellers in states such as Texas, Colorado and Florida.
1 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
In 2008, RMB-denominated funds raised RMB 264bn to invest in China, up 347 percent from from the prior year.
2 min read · 21 January 2013
The US radio and advertising company, which was purchased by Bain Capital Partners and TH Lee last year in a $17.9bn deal, had its rating fall to deeply speculative territory, with Moody’s warning of default.
2 min read · 21 January 2013
The debt-ladened operator of two J-REITS has filed for bankruptcy and will delist from the Tokyo Stock Exchange after failing to raise ¥47 billion in capital.
1 min read · 21 January 2013
Hong Kong-based CITIC Capital is reportedly in talks with China's national pension fund and the China Development Bank to set up a buyout and a venture fund.
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
Asia-focused GPs face a year of working intensely with their investors, according to industry consultant and former CalPERS real estate investment officer Mike McCook. He warned delegates at the 2009 PERE Forum in Hong Kong to maintain constant dialogue with LPs.
1 min read · 21 January 2013
The Bridgeport, Connecticut-based People's United Bank has agreed a $35 million, three-year refinancing with opportunistic investor Talcott Realty. The loan is backed by the office property One Financial Plaza in Hartford.
1 min read · 21 January 2013
