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Goldman to battle private equity for iSharesThe auction for Barclays Capital’s ETF management business has the investment banking group pitted against a selection of private equity firms including Hellman & Friedman, Bain and TPG. Vanguard, a US-based investment management firm, is also mounting a bid.
- Eurazeo writes down casino investment with Colony
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.
- Colony JV increases stake in French supermarket
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.
- Colony: 2009 vintage funds will be best performers
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.
- RE execs say resolute action needed in US
The US industry body, the Real Estate Roundtable, said the US government’s $700bn plan to buy-up troubled mortgage-related assets had a high ‘price tag,’ but argued that it was the best way forward.
- CRIME PAYS
With its recent acquisition of a steel products manufacturer, Sentinel Capital Partners has e ntered the lucrative US market for prison-related industries.
- Asia’s boom set to continue
Private equity investments in the Asia Pacific region are likely to increase in the near future, according to Grant Kelley of US-based private equity firm Colony Capital.
- Colony hires former Amgen exec
The global buyout firm has expanded its team of professionals with the addition of former Amgen, Disney and Starwood Hotels executive Richard Nanula.
- Colony Capital ups stake in Paris Saint-Germain
Taking its ownership in the French football team to 62.5 percent is a sign of its long term ambition for the club, says the Los Angeles-based firm.
- Freedom founder takes artistic route(3)
Nicolas Berggruen, the ex-private equity executive behind the vehicle that will take hedge fund GLG Partners public, has followed an unusual route to success.