The smaller mid-market shop has again closed a fund that was more than two times oversubscribed, more than doubling the size of its previous fund as well as capital under management.
The Somerfield supermarket chain, which was acquired by a consortium led by Apax Partners and Barclays Capital in 2005, has been sold to the Co-operative on a cash-free, debt-free basis.
As REITs in the US and Japan look increasingly stressed, the chief executive of LaSalle’s Asia Pacific securities division argues there are growing opportunities in Australia’s listed property sector as the industry feels the impact of the credit crunch.
BDO Stoy Hayward has seized as collateral almost £1bn of privately-owned property belonging to the troubled London-based investment firm Dawnay, Day.
In a move to expand its offerings, the mega-buyout firm has hired TCW Group president William Sonneborn to develop traditional asset management lines such as public equity funds.
Pierre Foods has obtained $35 million of debtor-in-possession financing from distressed debt specialist Oaktree Capital Management to continue operations during restructuring.
The UK's Somerfield supermarket chain, acquired for £1.8bn in 2005 by an Apax- and Barclays-led consortium, has been sold on a cash-free, debt-free basis. The sale reportedly resulted in a 2x exit for the syndicate.
The smaller mid-market shop has again closed a fund that was more than two times oversubscribed, more than doubling the size of its previous fund as well as capital under management.
The French buyout firm has bought a controlling stake in Altares with a plan to support the business’ growth through acquisitions.
The News Corp stations will be managed by the senior executives of Local TV, Oak Hill’s year-old television platform.