Two of the firm’s funds have entered into a sale-leaseback agreement to buy the properties for €37m. The deal highlights the continuing interest from US investors in the German real estate market.
1 min read · 22 January 2013
The New York-based private equity firm has made its second significant investment in the renewable energy sector with an agreement to invest in a wind farm off the coast of Germany.
2 min read · 22 January 2013
Steve & Barry’s, the discount clothes retailer with 276 stores in the US, cites a ‘liquidity shortfall’ after filing for Chapter 11 protection. Boston-based private equity firm TA Associates held a minority stake in the company, which recently signed-up Sex and the City star Sarah Jessica Parker.
2 min read · 22 January 2013
The arcade and dining franchise will use the fresh capital to pay down debt, roughly two years after Wellspring purchased the company in a $375m take-private. Wellspring will retain a controlling interest in the company.
2 min read · 22 January 2013
Richard Price, who has been with ING Real Estate since 1996, has been picked to lead the firm’s Hong Kong office, replacing Robert Lie who left in April to join Redevco Asia. It follows a raft of personnel changes for ING in Asia, including the appointment of former PGGM executive Dick Popken.
2 min read · 22 January 2013
Scott Peters has resigned as chief executive officer of the real estate investment company, effective immediately. The decision follows pressure from shareholders, notably the founder of private equity real estate firm Thompson National Properties and former Grubb & Ellis board chairman, Anthony Thompson.
2 min read · 22 January 2013
The US’ second largest public pension fund says it could cut the number of fund managers it works with as market conditions prompt it to review investment relationships. The pension says it will focus on those who ‘outperform in difficult markets.’
3 min read · 22 January 2013
With the credit crunch showing no signs of easing, REITs globally are looking increasingly stressed.
2 min read · 22 January 2013
The US’ second largest pension fund has allocated $1bn to the growing asset class with California’s infrastructure needs to be given preference.
2 min read · 22 January 2013
The Boca Raton-based private investment firm has acquired two coated-recycled board mills in Pennsylvania and Indiana from a subsidiary of the Graphic Packaging Holding Company.
1 min read · 22 January 2013
