The French private equity firm has started exclusive negotiations to buy Kaufman et Broad, in the latest example of frenetic M&A activity in the European homebuilding sector.
1 min read · 22 January 2013
Witnesses at a US House committee hearing agreed that the booming private equity industry is not at fault for America’s growing divide between the rich and poor. Opinions diverged, however, as to how best address this phenomenon.
2 min read · 22 January 2013
The San Francisco firm’s offer of $69.25 per share has been deemed “superior” by the board of Genesis Health Care—though there is still time for a counter-offer from JER and Formation.
2 min read · 22 January 2013
Alternative investment firm Investcorp has acquired nine US hotels for $450m—in addition to buying a single hotel in Milwaukee.
2 min read · 22 January 2013
The property arm of the New York-based hedge fund has filed documents for a $200m publicly traded REIT focused on investments in real estate debt.
1 min read · 22 January 2013
Washington-based real estate investment bank Perseus Realty Capital has added Jay Jarrett to its roster as it looks to establish a fundraising practice.
1 min read · 22 January 2013
John Brady, a 16-year veteran of Colony Capital, has joined Oaktree as head of the firm’s real estate group.
1 min read · 22 January 2013
Fortress Investment Group has acquired Florida East Coast Industries, which focuses on real estate and railroads, for $3.5bn.
2 min read · 22 January 2013
Making their first investment in the golf course sector, California-based CORE Realty Holdings has acquired The Revere Club for $28m.
2 min read · 22 January 2013
US buyout firm Apollo Management has secured UK property firm Countrywide with help from the hedge fund Polygon, after frantic eleventh hour negotiations which saw two consecutive revised bids from Apollo.
1 min read · 22 January 2013
