More middle market private equity firms are also hiring partners with operational expertise to weather the weakening economy, according to a joint ACG-Thomson Reuters survey.
The Paris-based buyout firm has become the latest to follow 3i into the quoted equity fund management arena by backing veteran Philippe Guez in his new firm. The start-up will mirror 3i’s quoted equities model by targeting minority stakes.
HSBC has entered into an agreement with KEB's labour union, affirming that the Korean bank will not be delisted and that its employees will be protected, if its buyout attempt is approved.
The London and Chicago-based real estate investment firms say pressure is mounting on banks with unwanted loan positions as exit routes dry up. The mezzanine debt tranche acquired by the firms is backed mainly by hotels in Germany managed by Blackstone funds.
The driver of the Blackstone IPO has ended his tenure with Citi after 23 years, leaving behind $19.3m in deferred cash and stock compensation but bringing with him a golden Rolodex and deep knowledge and contacts within the private equity and real estate industries.
The Washington-based private equity real estate firm has launched a debt financing vehicle to provide up to $1bn to struggling development projects in the US. It will focus on property developments with a total capitalization of between $20m and $75m.
The driver of the Blackstone IPO has ended his tenure with Citi after 23 years, despite $19.3m in deferred cash and stock compensation he has left bringing with him a golden Rolodex and deep knowledge and contacts within private equity.
The two funds have offered to buy all outstanding shares of TransAlta, a Canadian energy company that recently sold assets to an AIG- and Teachers’ Private Capital-backed portfolio company.
The driver of the Blackstone IPO has ended his tenure with Citi after 23 years, leaving behind $19.3m in deferred cash and stock compensation but bringing with him a golden Rolodex and deep knowledge and contacts within the private equity and real estate industries.
The Washington-based private equity real estate firm has launched a debt financing vehicle to provide up to $1bn to struggling development projects in the US. It will focus on property developments with a total capitalization of between $20m and $75m.