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 India-focused fund manager is backing FIITJEE, marking its second investment in the education sector.
1 min read · 05 January 2013
Penn National will receive $225m in cash and $1.25bn in preferred shares after the Fortress and Centerbridge-led deal to buy the casino and race-track company was terminated. Penn said a ‘re-negotiated, reduced purchase price was not a viable option.’
2 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
Former Fannie Mae CEO Daniel Mudd will relieve Edens of day-to-day duties for the NYSE-listed private equity, real estate and hedge fund manager. It is part of a main board reshuffle aimed at enabling senior executives to focus more intently on the group’s existing and new investments.
2 min read · 05 January 2013
The $30m investment will be used to tune up Future Supply Chain Solutions’ logistics infrastructure, boost its technology platforms and augment its supply chain network.
2 min read · 05 January 2013
The US mid-market lender, with more than $60bn of assets, has served as an important source of debt for private equity firms that operate in the mid-market.
2 min read · 05 January 2013
The distressed debt specialist has plans to buy various Nortel assets out of bankruptcy and run them as a reorganised company. A separate Nortel division is currently being pursued by Avaya, which is owned by Silver Lake and TPG.
2 min read · 05 January 2013
Apollo Global files an IPO for its debut debt real estate platform, Apollo Commercial Real Estate Finance. ACREFI, which will list as a REIT and be led by Joseph Azrack and Scott Weiner, will target US whole loans and CMBS.
2 min read · 05 January 2013
