Private Equity
The bank may sell offices in New York, Paris and London, and possibly lease them back, after receiving interest from investors. This would be the second time in two years the bank has sold its landmark London HQ. In December, it bought back the property from Metrovacesa at a 25% discount after selling it to the Spanish group in 2007 for a record £1.1bn.
1 min read · 05 January 2013
The UK waste manager, owned by Global Infrastructure Partners and Montagu Private Equity, has sent out information memoranda this week for the sale of its landfill gas unit. The sale is expected to net the company around £300m. Terra Firma and 3i are likely to be interested, according to media reports.
1 min read · 05 January 2013
Colin Maltby, who also advised British Coal Superannuation Scheme and the British Airways Pension Scheme on their investments, will chair HarbourVest's £101m listed debt fund.
1 min read · 05 January 2013
The Japanese firm has sold shares worth ¥10 billion in ailing Daiei to Deutsche Securities, the investment arm of Deutsche Bank.
2 min read · 05 January 2013
In a bid to better position themselves for future market ‘wobbles’, a recent study found Europe’s most highly leveraged listed private equity firms have cut their average net debt by half.
2 min read · 05 January 2013
3i will use a ‘very conservative funding model’ from now on, said 3i’s Michael Queen, as the firm gears up to start making new investments.
2 min read · 05 January 2013
DLJ, Gavea, Magna and Highbridge are among the firms picking up a 25% stake in Brazil-based Grupo Santillana de Ediciones, a publisher of educational text books.
2 min read · 05 January 2013
The firm will seed a joint venture that could bring as much as $1.5bn in purchasing power to solar power projects.
2 min read · 05 January 2013
The Council of Ministers and the ECON Committee have approved versions of the directive, but crucial differences remain in regards to the ‘third country’ rules. The latter group's version also includes a clause that could block LBOs.
3 min read · 05 January 2013
Evergreen will help source deals and co-invest alongside TowerBrook, said the advisory firm’s co-founder Dominick Schiano.
2 min read · 05 January 2013
