The German commercial real estate lender, partially owned by private equity firms JC Flowers and Grove International, has drawn down on €42bn of guarantees from the German government.
1 min read · 05 January 2013
The private equity firm is reportedly at odds with the German government over how to rescue stricken commercial real estate lender Hypo. JC Flowers and Grove International invested €1.1bn for a 24% stake in the bank in June.
1 min read · 05 January 2013
The San Mateo, California-based financial group, which manages value-added and opportunistic real estate funds, applies for bank holding status as it seeks a capital infusion from the US government.
2 min read · 05 January 2013
The US Treasury Secretary says he is saving the bulk of the $700bn Troubled Asset Relief Programme money for President-elect Barack Obama. He says buying toxic assets would not be the most effective use of taxpayers' money suggesting there ‘simply isn't enough firepower’.
2 min read · 05 January 2013
The French private equity firm will “partially” write down its $200m investment in US casino operator, Station Casino. Station is majority-owned by Colony Capital. Another Eurazeo-Colony investment, Accor, has also been hit by the economic downturn forcing the firm to inject an extra €200m into the hotel group.
2 min read · 05 January 2013
Blue Capital, the company jointly owned by Colony Capital and Groupe Arnault, has again increased its stake in French supermarket retailer Carrefour. Blue Capital now holds 12.9 percent of Carrefour. In May, Colony also increased its stake in Europe’s largest hotel owner, Accor.
2 min read · 05 January 2013
Colony Capital chairman Tom Barrack says the industry faces its ‘greatest opportunity and challenge’ this year, with 2009 investments expected to make ‘historically high returns’. Not all firms will survive though, with those fundraising facing significant obstacles.
2 min read · 05 January 2013
The founder and chairman of UK pub group, JD Wetherspoon, has warned that private equity and property investment groups have had a “pretty disastrous” effect on the British pub industry after piling large debt loads onto some companies, according to a report.
2 min read · 05 January 2013
Despite the turbulence of the credit markets and its impact on Europe’s property markets, LPs will increase their allocations to real estate in the future, according to a report by CBRE. In the long-run, all investors will target an extra €250bn to the asset class.
2 min read · 05 January 2013
The $35bn United Nations Joint Staff Pension Fund will start investing in funds of hedge funds and private equity. It will also expand its real estate portfolio, currently valued at around $1.8bn, to include infrastructure, agricultural land and timberland.
1 min read · 05 January 2013
