Resource Capital Corp has closed a $45.9 million portfolio bridge loan package secured by three multifamily complexes in Dallas, TX and one in Houston, TX. The portfolio is comprised of 1,635 apartment units. The sponsor is venture backed by an international opportunity fund.
3 min read · 03 June 2013
HgCapital has sold ATC to Intertrust. The realisation represents an investment multiple of approximately 2.2x original cost and a gross IRR of 37 percent over the two year investment period. ATC provides fiduciary, management and administration services to multinational corporations, financial institutions and fund managers.
3 min read · 03 June 2013
Iglu.com, an online ski and cruise agent has completed the acquisition of Planet Cruise, an online and TV cruise retailer, with backing from Growth Capital Partners. Based in Portsmouth, UK and employing 75 people, Planet Cruise was founded in 2005 by husband and wife team Gary and Jenny West.
3 min read · 03 June 2013
Edmond de Rothschild Investment Partners' Winch Capital 2 fund has taken a stake in MCI, an international congress and event management company. MCI is a professional congress organizer.
4 min read · 03 June 2013
Catch up on the latest after the weekend with links to who is up and down in biotech; potential changes at Microsoft and the tough nut to crack that is South East Asia.
1 min read · 03 June 2013
Cerberus Capital Management has generated the highest returns to date for the Pennsylvania’s Public School Employees’ Retirement System among privately-raised debt funds, according to an analysis by Buyouts.
2 min read · 30 May 2013
Fitch Ratings has upgraded the credit ratings of DDR Corp. The rating outlook has been revised to stable from positive. The upgrade of the IDR to 'BBB-' reflects that pro forma for the $1.46 billion acquisition of a portfolio of power centers from DDR's joint venture with Blackstone Real Estate Partners VII, recurring cash flow will remain in excess of fixed-charges at a level consistent with an investment-grade rating.
8 min read · 23 May 2013
Capital Dynamics has invested in a 21-megawatt (MW) onshore wind farm project in Northern Ireland. Capital Dynamics holds a 100% ownership stake in the project called the Dunmore wind farm.
4 min read · 23 May 2013
North American Partners in Anesthesia (NAPA), a specialty anesthesia and perioperative management company has announced New Jersey Anesthesia Group has joined NAPA. In April 2011, Moelis Capital Partners led a recapitalization of NAPA's practice management company, providing the company with the ability to pursue growth opportunities and maintain its leadership position in the expanding anesthesia management market.
3 min read · 23 May 2013
Del Monte Foods and Natural Balance Pet Foods have signed a merger agreement. Natural Balance Pet Foods, makers of super-premium pet food for dogs and cats sold throughout North America and also in Europe and Asia, will join Del Monte’s robust pet products portfolio.
4 min read · 23 May 2013
