Infrastructure investors active in the region can expect more club deals by banks and a resurgence of multilateral and export agencies as sources of liquidity, according to project finance lawyers at law firm Shearman & Sterling.
3 min read · 21 January 2013
Colony and the casino company’s main backers are planning to inject an extra $244m into the gaming operator as it struggles with its debt load. Station, which missed a debt interest payment today, revealed Chapter 11 could be part of its restructuring plan.
2 min read · 21 January 2013
The world’s biggest logistics property company appoints a new head of global operations but sees its chief operating officer resign.
1 min read · 21 January 2013
A Senate bill sponsored by Chuck Grassley and Carl Levin would require all private funds to publicly disclose the identities of their LPs, as well as the value of assets under management, if the bill passes.
2 min read · 21 January 2013
Oregon Investment Council has been asked by the New York-based investment firm to invest additional equity into its Gagfah deal, as it looks to pay down debt on the German residential property company. Fortress went to its LPs rather than go to 'outside sources'.
1 min read · 21 January 2013
The head of JC Flowers told a packed New York conference last week that he is bullish on US government-assisted bank bailouts, similar in risk profile to the landmark takeover of Japan’s Shinsei bank, which turned into one of the most lucrative private equity deals in history and solidified Flowers’ reputation as a financial-services wizard.
3 min read · 21 January 2013
The occupancy rate of US industrial properties declined by more than 18m sq. ft. in the fourth quarter of 2008 representing the largest quarterly decline since 2002.
1 min read · 21 January 2013
The Los Angeles-based private equity firm has joined forces with California developer the Ryland Group to acquire and develop residential lots. Oaktree plans to exit the investments by selling finished lots to developers, including Ryland.
1 min read · 21 January 2013
The Los Angeles City Employees’ Retirement System has changed its investment agreement with one of its general partners as it senses value in the US hospitality sector.
1 min read · 21 January 2013
Angelo Gordon’s sale-leaseback group has bought the headquarters and main distribution centre of Stampede Meat, a portfolio company of Fairmont Capital, PNC Mezzanine Capital and Sankaty Advisors. The all-equity deal was valued at $14m.
1 min read · 21 January 2013
