A lawyer for financier Lynn Tilton on Thursday accused the U.S. Securities and Exchange Commission of pursuing a fraud case against the private equity chief straight out of a "fantasy world," as an administrative trial drew to a close, Reuters reported.
2 min read · 10 November 2016
Macy’s Inc said it formed a partnership with Canada's Brookfield Asset Management to look at ways it can cash in on the value of its real estate and raised its full-year sales guidance, helping to send its shares up about 7 percent in early trading, Reuters reported. The department store operator said that Brookfield would have exclusive rights to create a “pre-development plan” for about 50 Macy’s real estate assets, including owned and leased stores and associated land. The partnership, which is for up to two years, is the latest move by Macy’s to squeeze more value from its vast real estate holdings across the United States.
3 min read · 10 November 2016
A California movie producer who heads a private equity firm was arrested on Wednesday on charges that he and another man defrauded investors in hedge funds overseen by a New York-based investment adviser out of $26 million, prosecutors said.
2 min read · 10 November 2016
Germany's United Internet has agreed to sell a stake in its web-hosting business to private equity firm Warburg Pincus, netting 450 million euros ($497 million) for the deal but delaying a public listing of the business beyond next year, Reuters reported.
2 min read · 09 November 2016
Grupo BTG Pactual SA said on Wednesday that Chairman Persio Arida has quit for personal reasons, amid a management and board reshuffle at Latin America's largest independent investment bank.
1 min read · 09 November 2016
Brazilian buyout firm 3G Capital is seeking to raise $8 billion to $10 billion through a new fund to finance an acquisition, website Brazil Journal said on Tuesday, citing sources close to the company.
1 min read · 08 November 2016
ARA Asset Management Ltd's (ARAM.SI) founder is teaming up with private-equity firm Warburg Pincus and other investors to buy out the Singapore-listed real estate fund manager in a deal that values the company at $1.28 billion, Reuters reported.
1 min read · 08 November 2016
Blackstone (BX.N) is to buy OfficeFirst Immobilien from IVG Immobilien AG, ending months of talks over a potential sale or stock market listing of the German property company.
2 min read · 08 November 2016
At least six indicative offers have been submitted by industry players and buyout funds for a group of European beer brands being sold by Anheuser-Busch InBev, sources told Reuters. Worth more than 5 billion euros (US$5.5 billion), the brands were put up for sale as part of AB InBev's US$100 billion-plus takeover of SABMiller, which closed last month. Among the potential bidders is a consortium that includes Swiss investment firm Jacobs Holding and Canadian pension fund PSP Investments, the sources said.
2 min read · 08 November 2016
U.S. private equity investor TPG has agreed to sell its logistics property business P3 Logistics Parks to Singapore's sovereign wealth fund GIC in a deal which values the business at 2.4 billion euros (US$2.65 billion), Reuters reported. The deal was described as the largest European real estate transaction this year and comes as investors seek to exploit a boom in online retailing which is driving warehouse demand. TPG Real Estate and its partner Ivanhoé Cambridge, the real estate investment arm of the Caisse de dépôt et placement du Québec, bought the Prague-based business in 2013 and have grown its portfolio in recent years through a series of add-on acquisitions.
2 min read · 07 November 2016
