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
The US radio and advertising company, which was purchased by Bain Capital Partners and TH Lee last year in a $17.9bn deal, had its rating fall to deeply speculative territory, with Moody’s warning of default.
2 min read · 21 January 2013
Fresh from raising nearly €1bn for its eighth mid-cap fund, the French private equity firm is aligning itself to take advantage of market dislocation. It is also raising its third small-cap fund.
2 min read · 21 January 2013
The International Monetary Fund is calling for more regulation on private equity and hedge funds, which it says fall into a 'shadow banking system', while the EVCA told its members a system of registration is in the works in the EU.
2 min read · 21 January 2013
