Difficult financing conditions continued to soften global buyout activity for private equity firms, with deal volumes plunging 72 percent in the first nine months of 2008. The oil and gas and mining sectors as well as Japan, India and the Middle East remained bright spots.
2 min read · 05 January 2013
The sale of a 3 percent stake in French water and waste management services provider Saur Group provides a partial exit to the private equity firm and brings in a new owner, Luxembourg-based CUBE Infrastructure fund.
2 min read · 05 January 2013
The lower mid-market specialist and security infrastructure investor have teamed up to enlarge their portfolio company Gichner Systems Group by acquiring Charleston Marine Container, which makes logistic containers.
2 min read · 05 January 2013
Dominique Senequier, speaking at a recent press lunch, listed ageing infrastructure, regulation and new services among the drivers of growing infrastructure investment needs in OECD countries. Developing Asian economies also face steep financing challenges but offer more attractive returns.
2 min read · 05 January 2013
The latest middle market turnaround acquisition for the fund comes shortly after it closed its second fund on $3bn.
1 min read · 05 January 2013
The first of its kind country-specific mezzanine infrastructure fund will target early stage development projects in Brazil, for which mezzanine financing is 'very compatible and appropriate'. The fund is a joint venture between Darby and Stratus Group, a Brazilian private equity manager and advisor.
2 min read · 05 January 2013
The sale of the management rights and its stake in Babcock & Brown Communities comes shortly after the specialist fund manager said it would review the ownership and management rights to its listed funds as part of a restructuring effort.
2 min read · 05 January 2013
Private equity investors looking to finance infrastructure projects in Australia may soon have a new competitor after the Australian government agreed to accelerate the creation of its Building Australia Fund.
2 min read · 05 January 2013
History should judge TPG’s $1.3bn WaMu loss not for its size but for its miscalculation of risk, writes Cezary Podkul.
2 min read · 05 January 2013
The exit comes at a time when the Sydney Stock Exchange-listed infrastructure fund is looking for ways to close the pricing gap between its share price and its net asset value. It recently wrote down the value of the investment by 20 percent.
2 min read · 05 January 2013
