Switzerland’s Jelmoli Holding has started legal proceedings to “enforce rights” which it says it has under a purchase agreement with an Israeli-led consortium.
2 min read · 22 January 2013
A statement issued by the listed Italian firm says talks are underway with German retailer Arcandor over the acquisition of a property portfolio, though no agreement has been reached on terms yet.
1 min read · 22 January 2013
Duke Street Capital’s decision to report on all its portfolio companies will boost the number of companies affected by the Walker code. Walker estimated 65 portfolio businesses would be compelled to report from day one.
2 min read · 22 January 2013
In a further sign of institutionalisation at the global private equity giant, and ahead of an expected IPO, KKR has lured David Sorkin, a lawyer from Simpson Thacher, to become general counsel, as well as named new heads of human resources and information technology.
2 min read · 22 January 2013
Sir David Walker’s report on transparency and disclosure has encouraged UK industry body, the BVCA, to name, shame and expel non-compliers with his proposed code.
3 min read · 22 January 2013
UK industry body the British Private Equity and Venture Capital Association (BVCA) is bowing to pressure to be more transparent. The BVCA’s chief executive Simon Walker said the self-regulatory proposals were tough but necessary.
2 min read · 22 January 2013
San Francisco-based placement agent Probitas Partners has added a new vice president in an effort to expand its real estate team.
2 min read · 22 January 2013
A new tax on carried interest would be ‘a lot bigger than just private equity’, according to Phillips Hinch, a tax specialist with the US Chamber of Commerce, which recently released the second half of its study on proposed policy changes to carried interest taxation. Hinch tells PEO's Amanda Janis why the chamber opposes a change to carried-interest tax policy.
3 min read · 22 January 2013
Two US Congressional committees will hold hearings on private equity ownership of nursing homes tomorrow; a REIT executive is the only finance-industry representative scheduled to testify.
3 min read · 22 January 2013
The Dallas –based firm is adding to its hospitality roster with an eye to further hotel funds and investment mandates within the next two years.
2 min read · 22 January 2013
