Providence Equity Partners has hired Tao Sun to head its China investments.
John Laing Infrastructure Fund has spent close to £23m to acquire a 50% stake in a Scottish hospital PFI from the Commonwealth Bank of Australia. The fund has also extended a revolving credit facility with Royal Bank of Scotland by £35m.
As distressed investment managers around the globe prepare for opportunities in the sinking markets, PAG has closed its first-ever distressed fund for Asian assets from distressed sellers.
As distressed investment managers around the globe prepare for opportunities in the sinking markets, PAG has closed its first-ever distressed fund for Asian assets from distressed sellers.
Private equity in Turkey has been on the up for a few years now, without ever quite taking off. But stars seem to be aligning in its favour.
The PR-22 deal is the debut PPP from the Puerto Rico Public-Private Partnerships Authority, not to mention the first brownfield toll roll project in the US since 2006.
Christine Vanden Beukel, a former Clayton Dubilier & Rice credit-focused executive, will open a London office for Crescent Capital at a time of tremendous opportunity for firms with capital in the region.
BBVA and KfW IPEX are providing €120m of debt to help fund the refurbishment, operation and maintenance of 46.5km of Germany’s A9 highway. Vinci and BAM PPP will contribute €12m in equity with the German government providing the €88m balance.
The firm is targeting $1.5bn to invest in non-performing loans and distressed-for-control situations. The fund will be run by former Goldman executive Alan Waxman.
Three consortia including Vinci, OHL, Cintra, Meridiam and ACS have been invited to bid for the estimated multibillion dollar ‘historic’ highway project, touted as a Peach State milestone.