Relaxed guidelines for US banking sector investments will likely encourage more private equity deals, but some insiders, including Belvedere Capital founder Richard Decker, say they won't necessarily 'open the floodgates to private equity'.
3 min read · 05 January 2013
The contract award is part of the US government’s experimental program to privatise five US airports. Details of the investor group’s development plans for Chicago Midway Airport were not disclosed.
2 min read · 05 January 2013
The publicly listed firm amended the terms of its unsecured revolving credit agreement, a change analysts say is necessary to preserve access to capital in a challenging environment.
2 min read · 05 January 2013
The landmark bid, whose deadline for acceptance was twice pushed back in hopes of getting Pennsylvania legislators to approve it, lapsed on Tuesday after Abertis decided not to extend it any further.
2 min read · 05 January 2013
The new commitments bring the publicly listed infrastructure fund’s total investments to £546m since inception.
2 min read · 05 January 2013
The Washington DC-based private equity firm will acquire an online education unit from the publicly listed healthcare services company.
1 min read · 05 January 2013
The single runway airport will belong solely to Global Infrastructure Partners after it buys out co-owner AIG’s stake in a transaction reportedly valued at £250m. The two firms bought the airport in 2006 from Irish billionaire Dermot Desmond.
1 min read · 05 January 2013
The move follows Teranet’s rejection of the pension fund’s hostile bid to acquire the company for C$11 per share. The offer, made three weeks ago by an affiliate of the fund’s infrastructure arm, Borealis Infrastructure, valued the Toronto-listed income fund at C$2bn.
2 min read · 05 January 2013
Randall Mullan will spearhead the $223bn pension fund’s infrastructure investment programme starting 14 October. His hiring is complemented by the promotion of Dan Bienvenue to senior portfolio manager in the fund’s global equity division.
2 min read · 05 January 2013
The sale of minority stakes in Brazilian electric transmission assets represents a cash value of $7 per share for shareholders of the publicly traded infrastructure fund, which launched in January. Analysts estimate the proceeds will give it $550m of asset purchasing power.
2 min read · 05 January 2013
