News

Extended Stay reportedly in talks with lenders

The Lightstone-backed hospitality chain is in discussions to turn over the company to its lenders, according to a report. New Jersey-based private real estate company Lightstone acquired Extended Stay from Blackstone last year for $8bn.

GSC's Vanden Beukel resurfaces at CD&R

The European mezzanine veteran will evaluate credit opportunities for Clayton, Dubilier & Rice.

Fairwood launches $150m hospitality fund

Former REIT veterans Robert Solmson and Ed Ansbro have teamed up Georgica Advisors founder Richard Reiss to launch private equity real estate firm, Fairwood Capital. The first fund will target hospitality in US metropolitan areas.

Thai pension fires investment chief

Thailand’s government pension fund is investigating Visit Tantisunthorn for alleged insider trading and reportedly violating some of its regulations.

EVCA shapes up for regulatory tussle

Spurred by the increasing need to engage with policy makers, the European industry body - currently chaired by 3i's Jonathan Russell - has proposed changes to its structure that would ensure the whole industry speaks 'with one clear voice'.

ADIC rebrands as Invest AD

The name change is part of the Middle East investment firm’s strategy to attract international and local investors to invest in the region.

Investcorp axes COO role

Gary Long has departed from the firm after 15 years as Investcorp looks to streamline management and cut costs.

Shanghai implements new private equity policy

Foreign firms in the Shanghai Pudong New Area are now allowed to register as equity investment management enterprises. The pilot policy begain in June and will expire at the end of June, next year.

Rowlands emerges as UK growth tsar

The former head of 3i Asia will preside over a review of SME funding in the UK and decide whether a state-backed equity investor will be needed to boost the economy. 3i was founded in 1945 under similar circumstances.

Ex-Lone Star chief assumes control of Sunderland AFC

Ellis Short, who co- founded Dallas-based Lone Star with John Grayken, has increased his ownership in English Premier League soccer team Sunderland AFC to 100 percent. The investment comes as UAE entrepreneur Sulamain Al Fahim has a bid accepted to buy rival team Portsmouth FC.