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Apollo, Centerbridge reportedly in talks for CW FinancialAs the parent company of CWCapital searches for a buyer, Apollo Global and Centerbridge Capital have reportedly made competing bids, while Warren Buffett is also eyeing the US’ second largest special servicer.
- Report: Hopu-led consortium invests $235m in China Yurun
The Chinese firm, together with Temasek and the sovereign wealth fund's newly-formed investment arm Seatown Holdings, has reportedly bought a 4.3% stake in the Chinese meatpacker.
- Report: GIP wants bonds for Gatwick refinancing
Global Infrastructure Partners’ Michael McGhee said at a conference yesterday that the fund was planning to issue bonds later this year to refinance a short-term loan it took out when it bought Gatwick airport for £1.51bn last year. The issue would be done in Gatwick’s name, not GIP’s.
- Blackstone invests $1.1bn in real estate in Q1
After almost two years sitting on the sidelines, the New York-based real estate firm is ramping up activity, primarily targeting debt-related deals. It comes as the firm reportedly asks creditors to restructure almost $5bn of debt remaining on its Equity Office Property deal.
- Quadrangle’s Rattner, Margolis surface at Willett Advisors
Steven Rattner and Howard Margolis will join the family foundation of New York mayor Michael Bloomberg, alongside 18 other former Quadrangle employees.
- Swensen: Yale likes PE despite losses
The endowment's CIO David Swensen told Reuters 'we continue to be very enthusiastic about exposure to illiquid assets'.
- Blackstone to slice $4bn off Hilton debt pile
The New York based private equity firm is to reduce its $20 billion debt position on the 2007 purchase of a large Hilton hotels portfolio by $4bn, according to court papers seen by Bloomberg.
- Blackstone linked with $10bn GGP bid
Mall REIT Simon Property Group has reportedly held talks with the New York-based private equity firm about helping the buyout of stricken General Growth Properties
- Blackstone slices $4bn off Hilton debt
The New York-based firm has helped Hilton buy back $1.8bn of debt and convert $2.1bn of junior mezzanine debt into preferred equity.
- Wellcome, Blackstone team up for UK bank bid
The two giants of the private equity world are joining forces to buy a number of RBS branches.