Goldman Sachs Asset Management related stories
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Clash of the ApollosLeon Black’s Apollo Global Management looks to enter the real estate space.
- Pirelli and partners still in talks over €4.5bn portfolio
Pirelli RE of Italy revealed in its annual results that it is still discussing with German retail group Arcandor the purchase of a 49 percent stake in a retail property joint venture held with Goldman Sachs.
- KKR unveils $7.3bn US retail buyout
The global firm has agreed to buy Tennessee discount retailer Dollar General for $7bn.
- Morgan Stanley reorganizes its real estate department
The investment banking giant is bringing its real estate, private equity and infrastructure practices under one roof and promoting real estate co-head Jay Mantz to co-run the new direct investment department.
- Private equity eyes Sainsbury’s
A trio of private equity firms could mount a €13bn bid for the supermarket chain partly using property to finance a deal.
- Cerberus to sell 20,000-strong German residential portfolio
The sale is being taken as the latest sign that buyers of large-scale residential portfolios in Germany are failing in a strategy to sell homes for a profit or to increase rents.
- Colony to acquire Station Casinos for $9bn
The Los Angeles private equity real estate firm is leading a management buyout of the casino operator as it continues its activity in the gaming sector.
- Pirelli, RREEF acquire German residential portfolio for €1.6bn
Pirelli RE and Deutsche Bank have agreed to buy German property group BauBeCon from Cerberus Capital in a transaction valued at €1.6bn.
- Goldman and Oaktree buy stake in PE advisory firm
The private equity firms have paid an undisclosed amount for a minority stake in Global Leisure Partners, an advisor and co-investor on private equity deals in the gaming, lodging and leisure industries.
- Capmark gets approval to sell mortgage business
The bankrupt lender will sell its North American mortgage business to Warren Buffett’s Berkshire Hathaway and the holding company Leucadia National Corporation for $515m.