Private Equity
The Middle East investment firm has appointed founder Ali al Shihabi as executive chairman, Tamer Bazzari as CEO and David Woods as chief operating officer.
2 min read · 05 January 2013
The private equity real estate arm of Jones Lang LaSalle is reportedly eyeing property bargains in Japan, China and Australia, after raising $3bn for its latest fund. People familiar with the matter told PERE, the fund has 80% capital left to invest.
2 min read · 05 January 2013
Clothing retailer Eddie Bauer filed for bankruptcy Wednesday and agreed to be acquired by CCMP Capital Advisors for $202m. CCMP becomes the high bidder for the company but could still be outbid.
2 min read · 05 January 2013
A sample of private equity-backed companies that have defaulted since the beginning of 2009 reveals two sectors being hit harder than most.
2 min read · 05 January 2013
Investors in private equity funds believe one-quarter of private equity managers will fail because of the financial meltdown, and one out of every 10 investors in private equity will default on capital calls, according to recent surveys.
3 min read · 05 January 2013
Hundreds of billions of dollars are set to invest in distressed debt and real estate, according to funds lawyer Sandy Presant - but few investors will ‘jump’ now when opportunities could be better in six to 12 months.
2 min read · 05 January 2013
Investment firms with assets over a ‘modest threshold’ will need to register with the SEC, according to a proposal released last night by the White House. The plan comes a day after a Senate bill set $30m as the line above which all firms would need to register.
2 min read · 05 January 2013
Platinum entered an agreement to buy almost all of Delphi’s assets for $3.6bn but some Delphi lenders have objected to the arrangement, saying it was conducted in secret.
3 min read · 05 January 2013
The private equity unit’s employees will all be let go except for its head Rob Ketterson, who will continue to run Fidelity Ventures.
2 min read · 05 January 2013
The Dallas, Texas-based private equity firm is the latest to snap up struggling publications.
2 min read · 05 January 2013
