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PERE Awards 2009: Europe winnersThousands of PERE readers voted for the individuals, firms and organisations they thought stood out from the crowd in 2009. Here we present the Europe winners. PERE March 2010 issue
- Affinity is latest to seek Australian IPO
The Hong Kong-based firm has hired Credit Suisse and Deutsche Bank to advise on the listing of Loscam. The IPO of the Australian pallet maker could reportedly raise up to A$800m.
- Making an elephant dance
Despite Prudential Real Estate Investors' global heft, chief executive officer Allen Smith believes the firm is as nimble, and flexible, as any boutique operation. By Zoe Hughes
- Probitas: $110bn of infrastructure funds coming to market
But even as there are more managers seeking more money in the asset class than ever before, the weak fundraising environment is making it difficult for the 99 funds in market to reach their targets. Meanwhile, investors are demanding lower fees, closed-end fund structures and independent management teams, according to a survey by placement agent.
- Asia’s rising stars
PEI Asia asked some of the region’s leading private equity LPs to name their pick of the Asia Pacific region’s “first-time” funds. The results are the eight names listed on pages 16 and 17. While some of the people may be familiar, having already made their mark elsewhere in Asian private equity, the firms they run now are probably not – yet. They have had the toughest of challenges thrown at them, in the form of the economic downturn, but the expectation is that these eight firms will go on to establish themselves firmly in the bedrock of the Asian private equity industry. Reporting by Jenny Blinch, Siddharth Poddar and Yvette Choo
- Highstar wins $700m Port of Oakland concession
Ports America, a stevedore owned by Highstar Capital, beat our eight other competitors for a 50 year concession to improve and operate five berths at the California port, the US’ third busiest by container volume. The contract is the first of its kind for US marine terminals.
- Investors see ‘perfect opportunity’ for PPP in the US
Principals from Carlyle, Macquarie, RREEF and Industry Funds Management gathered today cautioned that market will not develop across America’s ‘fifty little countries’ without strong leadership from the government in creating incentives for private investment in infrastructure.
- RREEF dismantles US infrastructure team
The firm has shut down its $500m North American Infrastructure Fund, blaming the slow pace of US infrastructure investments.
- Vattenfall German grid auction reportedly a one horse race
A consortium of heavyweight investors including Allianz, RREEF and Goldman Sachs, is reportedly the sole remaining bidder in the auction to acquire the Swedish energy company’s German transmission grid.
- Arcandor files for bankruptcy
The German retailer needed state loans to renew credit lines worth up to €710m by Friday. That request was denied. Goldman Sachs’ Whitehall funds, RREEF, Pirelli Real Estate, Generali and the Borletti Group own a portfolio of Arcandor real estate.