Western Europe

Pensions to allocate $440bn to RE over next 5 years but more needed, says Grosvenor

The real estate investment and fund management business calculates that OECD pension funds will allocate $440bn to real estate over the next five years. But the firm warns that aging populations and vulnerable bond markets should be met with further allocations to income-producing real estate.

Wainbridge holds £50m first close on debut fund, buys asset

A new player in UK private equity real estate has emerged, as Wainbridge Capital reaches a first close of £50m for a value-added fund with equity mainly from wealthy Russians.

Hony Capital invests in Biosensors PIPE

The China-focused firm will become the largest shareholder of the Singapore-listed medical device manufacturer, acquiring a 29.47% stake for about S$283.8m.

Johnny come lately

Is it too late for foreign firms to enter the Chinese private equity market? Jenny Blinch explores.

Ferrovial seeking sale of 10% of BAA

The Spanish infrastructure group says it wants to sell a 10% stake in the UK airports operator to help pay down debt. However, Ferrovial stresses that it will continue to be a long-term investor in BAA.

Cautious on cleantech

Though private equity investment in Asian cleantech has climbed year on year, it remains low compared to corporate investment in the sector. Hsiang-Ching Tseng looks into what’s holding GPs back.

The GPs’ GP heads east

Partners Capital, the private investment office for private equity professionals, is opening an office in Hong Kong.

Ferrovial gets ‘spontaneous’ offers for Naples airport

The Spanish infrastructure group has received several offers for its 65% stake in Naples airport in a deal that could net the company up to €200m.

New Jersey seeks private equity advisor

The $70bn pension has published requests for proposals for four advisors, including in private equity, real estate, hedge funds and general consulting.

Ferrovial to sell Swissport to PAI Partners for €654m

Spanish infrastructure group Ferrovial has agreed to sell its airport ground handling company Swissport International to Paris-based private equity firm PAI Partners for €654m. The transaction is expected to close by the end of the year following approval from the competition authorities.