A Korean court has slapped Warburg Pincus with a fine in addition to sentencing Hwang Sung-jin, the US private equity firm’s local chief to four years in prison for insider trading.
The secondaries venture fund manager is acquiring a portfolio of four venture investments from 3i for an undisclosed sum in its first portfolio deal.
The Church of Scientology, which counts actors Tom Cruise and John Travolta among its adherents, owns more than 1 million square feet of property in LA. Recently, it won an award for its adaptive reuse projects.
David Goret becomes senior managing director at the New Jersey-based alternative asset manager.
In the week it emerged that UK retailer Sainsbury’s is the latest high-profile public company being targeted by private equity, new research shows that a record number of take-private deals were the biggest single source of the industry’s growth in the last 12 months.
As lenders continued to supply debt to the industry at increasingly favourable terms, private equity firms were able to cash in last year by taking big cash dividends from refinancing, writes James Taylor.
Tim Callahan, the former CEO of both Equity Office and Trizec, has formed a private real estate firm focused on the US office market.
How Xenu saved Hollywood 2007-03-01 Staff Writer After years of buying up and restoring semi-decrepit buildings in the Hollywood area, the Church of Scientology was recently given a real estate award by the <italic>Los Angeles Business Journal</italic>. The theme of the magazine's property awards
Carlyle invests in Indian outsourcing company * SIDBI, Clearstone finance Indian start-up * Merrill Lynch, PEP approach Australian credit company * Catalyst buys stake in catalogue firm * Bain Capital enters China real estate * Orchid Asia lists portfolio company * Private equity circles JVC * Vogo advances toward third deal * PMP ends talks with private equity * PEP's $1.3bn take-private grounded * Coles up for grabs
Carlyle hires for MENA push * Merrill Lynch to expand Asia financial sponsor coverage * Former ANZ Capital director sets up own firm * SAC hires private equity team * Gulf Finance House reorganises private equity * Oaktree Capital installs Asia chairman * Blackstone opens in Hong Kong