Shareholders of the troubled German lender today approved a government plan to nationalise the bank by means of a capital increase. JC Flowers said it will try to safeguard its investments including possibly taking ‘legal steps’.
A new business has been established by Ric Lewis, former chief investment officer of AEW Europe and chief executive of Curzon Global Partners. Tristan Capital Partners will continue to manage two AEW vehicles.
After a busy month spent whizzing across New York from one industry gathering to the next, Cezary Podkul reports back with his Top 10 insights into the key trends in infrastructure
The European buyout house is the latest financial sponsor to enter negotiations with lenders. Elsewhere, lenders to roofing company Monier are trying to seize control of the business from private equity firm PAI.
The New York-based private equity real estate firm, led by former Warburg Pincus executive Reuben Leibowitz, has joined forces with Carl Mulac to create Joseph Carl Homes targeting distressed infill land deals in Phoenix.
Despite making a loss of £67m, ICG Group is upbeat about market opportunities and foresees a mid-1990s-style recovery, with local players doing deals with local banks at ‘reasonable’ rates of leverage.
Cash-strapped LPs have been given a reprieve as GPs have slowed capital calls, but that in turn has kept fund interests off the secondaries market, writes Christopher Witkowsky.
The Los Angeles-based turnaround firm will operate Delphi out of bankruptcy. General Motors, which filed for bankruptcy Monday, will take over certain Delphi plants and provide the company with $250m in bankruptcy financing.
Aberdeen Property Investors raised just half its target for its second Asia fund of funds. The firm is now playing defence as it tries to ensure the capital is invested wisely, including keeping a 'reserve' to address future risks. PERE June 2009
Colony is doing the unconventional again – considering an investment in a troubled developer in a part of Europe that has just posted its first fall in real estate markets in 10 years. PERE June 2009