Private Equity
The US firm is teaming up with a subsidiary of Italian bank UniCredit in the hope of offering a range of real estate fund products in the country and amassing €5 billion of assets under management.
1 min read · 05 January 2013
Mega-firms with dry powder are breaking the LBO mould to get deals done, writes Toby Mitchenall.
4 min read · 05 January 2013
The UK turnaround specialist has bought a 71% stake in Vasanta Group, which has had its £200m debt burden slashed by 75%.
1 min read · 05 January 2013
The Swiss gatekeeper will manage the Korean sovereign wealth fund's nascent secondaries programme.
1 min read · 05 January 2013
BluO earlier this month acquired Pit-Stop, a loss-making German subsidiary of PAI Partners’ auto repair business Kwik-Fit. The firm is now planning a €500m second fund.
2 min read · 05 January 2013
The private equity real estate firm has agreed to buy the former Harry Macklowe tower outright for $605m in a partnership with George Comfort & Sons. The firms had previously agreed a partnership deal with Deutsche Bank, which was ultimately rejected by the bank’s board of directors as too risky.
1 min read · 05 January 2013
The troubled mid-market lender CIT Group has received a $3bn rescue package from a group of its bondholders that will prevent it from collapse, at least for the short term.
2 min read · 05 January 2013
The buyout firm has partnered with media conglomerate Bertelsmann to develop a global music rights management business. BMG Rights Management has contracts with artists including 80s pop band A-ha, Welsh DJ Sasha and German hip hop and reggae artist Peter Fox.
2 min read · 05 January 2013
Guy Hands’ firm is in discussions with Citi about restructuring the $5.5bn debt burden weighing on EMI. The music group – home to such stars as Coldplay and REM – accounts for 30% of Terra Firma’s two latest buyout funds.
2 min read · 05 January 2013
A consortium led by the firm has revised its earlier proposal to buy Energy Developments at an amended price of A$430m. Should the deal complete it would be Archer's first in the renewable energy sector.
2 min read · 05 January 2013
