Private Equity
The Expo Real property show in Germany has been rocked this afternoon by news that Georg Funke, chief executive officer of Hypo Real Estate, has been forced to resign with immediate effect.
1 min read · 05 January 2013
Completion of the deal with an enterprise value of €4.5bn comes four months after Italy’s Pirelli Real Estate and RREEF said they were among a quartet of investors buying a 49 percent stake in German department store joint venture.
1 min read · 05 January 2013
The image of private equity firms on both sides of the Atlantic asking for bailout money weakens the industry’s position on the carried interest debate, writes Christopher Witkowsky.
2 min read · 05 January 2013
The $38.3bn pension has committed $50m apiece to Blackstone, GI Partners and Edgewater. The fund also said it is cooperating in a federal investigation into an alleged kickback scheme.
2 min read · 05 January 2013
The German commercial real estate lender is the first private sector group to ask for help from Germany’s €500bn bailout fund as it waits for the arrival of a previously agreed €50bn rescue package.
1 min read · 05 January 2013
Hypo Real Estate has provided a €46.9m loan to RREEF’s DB Real Estate Iberian Value Added fund to refinance the acquisition of the Penha Longa Hotel, Spa & Golf Resort.
1 min read · 05 January 2013
Regulators' recent remarks have heightened confusion about how to value portfolios in today’s volatile economic climate, writes Andy Thomson.
2 min read · 05 January 2013
Six modernist housing estates in Berlin, including one owned by Pirelli Real Estate and the private equity real estate arm of Deutsche Bank, have been given the same protection as the Great Wall of China and the Great Barrier Reef after being named a World Heritage site by Unesco.
1 min read · 05 January 2013
The London- and Paris-based firm has added Bionmis, a French medical pathology laboratory, to a healthcare portfolio that already includes Oasis, Affinity and Group Proclif.
1 min read · 05 January 2013
The advisory and investment firm, which is currently investing out of a $76m fund, has promoted Juan Ignacio Cifre to partner and has also appointed two associate partners. Delta was founded in late 2006 by a group of ex-Oliver Wyman employees.
2 min read · 05 January 2013
