The San Francisco-based real estate secondary firm has acquired a UK portfolio of assets for $775m, believed to be the largest secondary transaction to date in the private equity real estate sector.
With its high rates of growth and large, increasingly affluent populations, Central and Eastern Europe is becoming an ever-more important element of private equity portfolios. But while there is much cause for optimism, some reservations still remain. Andy Thomson spoke to representatives of three limited partner groups – Leon Hadass, vice president at Pantheon Ventures; Ray Maxwell, managing director in the private equity division at Invesco Asset Management; and Peter Wilson, managing director at HarbourVest Partners – to glean their views on the region's prospects.
The battle for Toys “R” Us was one of the most hotly contested transactions of last year—can the victors walk away unscathed? By Paul Fruchbom
Apollo Real Estate has turned a 1993 investment in property-backed bonds into a $1.3 billion New York City deal.
India's ICICI Venture gets into healthcare * GSJBW fund fully invested * Goldman, CDH win Chinese meat auction * LF Asia acquires menswear brands * IDFC lines up Indian stockbroker * Morgan Stanley to acquire Korean trader * Oak revisits India strategy * Carlyle retains Taiwan media focus * ChrysCapital exits via secondary * Allco, DB Capital acquire debt collector * Backing for Kiwi nursery firm * CHAMP consumes food firms * GIC, Olympus go organic in China
Mike Anderson of Intermediate Capital Group looks at hidden dangers lurking in the capital structure of leveraged buyouts.
The US and UK alternative asset management firm has raised over €1bn for its second mezzanine fund focusing on transactions in Europe.
European mid-market investor Barclays Private Equity has made an almost 3x multiple on the sale of UK debt business Cabot to Nikko Principal Investments.
AnaCap Financial Partners, a new pan-European private equity firm focusing on the financial services sector, has raised an oversubscribed €300m vehicle.
Although mezzanine remains the subordinated debt instrument of choice for many sponsors in Europe, life is tough for specialist providers today. But, as Joanna Hickey reports, the specialist funds remain upbeat – insisting that, with rising volumes, their sponsor relationships and their own adaptation to market changes, they are still getting enough work.