The US' Financial Accounting Standards Board has released a list of seven indicators of inactive markets, and given firms the green light to use their own valuation methodologies when quoted prices are unreliable.
2 min read · 21 January 2013
David Loglisci and Henry Morris, a former political advisor to the US public pension, allegedly extracted sham ‘finder’s fees’ from private equity and hedge funds including Carlyle, Riverstone, Aldus, Falconhead, Odyssey, Access Capital, GKM Newport, Paladin Capital Group, Pequot and PCG.
4 min read · 21 January 2013
Even if its satellite entities carry on, Babcock’s going into administration signals the firm’s official demise as a major force in infrastructure finance, writes Cezary Podkul.
2 min read · 21 January 2013
The US private equity firm succeeded in forcing the completion of a deal by Irish group, Menolly Investments, to buy a large central London development.
1 min read · 21 January 2013
Fortress has attributed its $162m loss last year to non-cash adjustments for fair value write-downs and clawback reserves. But the firm remained upbeat on an analyst call, with chief executive Wes Edens forecasting an opportunity-laden ‘great liquidation’ of financial services assets following the current recession.
3 min read · 21 January 2013
Michael Sabia, the ex-CEO of BCE who worked on the failed take-private of the Canada telecoms company, has been appointed president of the C$120.1bn Caisse de dépôt et placement du Québec.
1 min read · 21 January 2013
Reminiscent of the last great property downtown, MIPIM 2009 was not the usual ebullient event. Veterans though are waiting for the music to start again.
2 min read · 21 January 2013
Russian steelmaker Novolipetsk Steel will pay the buyout firm less than half the maximum possible damages for withdrawing from the $3.53bn acquisition of John Maneely, a deal struck last August.
2 min read · 21 January 2013
The French bank's real estate asset management group is taking advantage of a change in domestic laws allowing it to access a wider pool of capital, not just French retail investors.
1 min read · 21 January 2013
The private equity firm, which took the real estate broker private in a 2007 deal valued at $8.5bn, has agreed to financially support the company to help it meet its debt obligations and avoid default for at least the next 12 months.
2 min read · 21 January 2013
