US private equity firm Sun Capital is keeping afloat on its investment in the bankrupt retailer, thanks largely to sale-leasebacks of several of the chain’s department outlets. Sun Capital and Cerberus, which sold its stake last year, bought Mervyn's for $1.2bn in 2004.
2 min read · 22 January 2013
Emerging markets private equity fundraising is on track to significantly beat 2007 totals. China and India are driving the boom in Asia, which EMPEA's Sarah Alexander says marks the acceptance of the asset class.
2 min read · 22 January 2013
Fresh off the close of its $7.5bn sixth buyout fund, the distressed-focused private equity firm will buy the CDOs from Merrill Lynch for $6.7bn. The investment bank will finance 75 percent of the purchase price.
2 min read · 22 January 2013
The Mumbai-based firm, a partnership between Apollo Real Estate Advisors and the SUN Group, will acquire a stake of around 40 percent in a special purpose vehicle for $70m.
1 min read · 22 January 2013
The Toronto-based private equity real estate firm KingSett Capital is taking advantage of the net inflows into German open-ended funds by selling an office building in Canada to DEGI International.
2 min read · 22 January 2013
The California bank, which was taken over by the government earlier this month, approached several private equity firms in search of rescue capital but found no takers.
1 min read · 22 January 2013
A year after registering for a $1.25bn IPO, Henry Kravis has unveiled his firm's revised plan for a public float, which includes taking over KKR Private Equity Investors and which values the combined firm at up to an estimated $18bn.
2 min read · 22 January 2013
Polymath and industry pioneer Lord Charles Cecil retired last month from Helix Associates, the firm he founded and sold to US investment bank Jefferies.
1 min read · 22 January 2013
The Chicago-based real estate investment company has acquired a 160-unit waterfront multifamily property in Boca Raton, Florida.
1 min read · 22 January 2013
Real estate, mezzanine debt and public equities are on the agenda for KKR, according to an investor presentation released in conjunction with the firm’s plans to go public.
3 min read · 22 January 2013
