Private Equity
BluO earlier this month acquired Pit-Stop, a loss-making German subsidiary of PAI Partners’ auto repair business Kwik-Fit. The firm is now planning a €500m second fund.
2 min read · 05 January 2013
The Chinese sovereign wealth fund has committed to the bank's latest global property fund, according to reports. Morgan Stanley Real Estate Fund VII Global is likely to close at $6bn, not its original $10bn target.
1 min read · 05 January 2013
The private equity real estate firm has agreed to buy the former Harry Macklowe tower outright for $605m in a partnership with George Comfort & Sons. The firms had previously agreed a partnership deal with Deutsche Bank, which was ultimately rejected by the bank’s board of directors as too risky.
1 min read · 05 January 2013
The troubled mid-market lender CIT Group has received a $3bn rescue package from a group of its bondholders that will prevent it from collapse, at least for the short term.
2 min read · 05 January 2013
The Philadelphia-based firm has raised $23 million to date for its second property fund. It will target under- and non-performing first mortgage loans in the region.
1 min read · 05 January 2013
The New York State Asset Maximisation Board envisioned by the state’s Asset Maximisation Commission bears similarities to other project delivery organisations in the US and Canada, but at its heart lies something unique: strong, central authority for fast-tracking public-private partnerships.
4 min read · 05 January 2013
Lawmakers estimate that the cash-strapped Midwest state could raise upwards of $5bn from long-term leases of the two assets. A bill being drafted would also create a catalogue of other assets the state owns so that lawmakers can determine what else they could monetise.
3 min read · 05 January 2013
As private equity investment activity continues at a snail’s pace, a majority of private equity professionals in the UK predict an increase in activity at some point in the next year.
1 min read · 05 January 2013
The promotion follows a first close on €61m for the international private equity firm’s sixth fund, which is targeting €200m. As head of finance at the direct secondaries firm, Meyel built the firm's management and control systems.
1 min read · 05 January 2013
The buyout firm has partnered with media conglomerate Bertelsmann to develop a global music rights management business. BMG Rights Management has contracts with artists including 80s pop band A-ha, Welsh DJ Sasha and German hip hop and reggae artist Peter Fox.
2 min read · 05 January 2013
