Instead of an IPO, many GPs this year are facing a restructure. Everton Robertson offers them the advice of an offshore counsel.
Tom Osborne and Henry Catry review the outlook for infrastructure financing amid the financial crisis.
The airports operator says a proposed special insolvency regime would be bad news for investors.
The Singapore-listed leisure investment firm and developer has held a final close on its Banyan Tree Indochina Hospitality Fund, short of its original $300m to $400m target. The vehicle's core asset will be the Laguna Hue resort development.
Private equity firms would have to comply with tighter standards for capitalisation, hold periods and disclosure requirements if proposed rules from US banking regulator FDIC are approved.
The listed debt investor has launched a fully underwritten rights issue and has raised €475m for its 2008 Recovery Fund.
With credit markets still tight, knowing the right bankers can be key to financing your infrastructure deal. It is of course difficult to agree on which lenders are the most influential. But when the Infrastructure Investor team swapped notes, and quizzed practitioners in the marketplace, the names of the ten financiers on this page kept coming up.
Limited partners should cast aside traditional categorisations of risk and re-think expected returns and fees, according to a white paper published by the placement agent. The paper also identifies 70 funds in the market for $100bn, of which 55 are first-time managers.
The UK’s Universities Superannuation Scheme along with CP2, Gartmore Investments, Magellan Asset Management, New Jersey Division of Investment and rpmi Railpen Investments -which together own 4% of Spanish toll road operator Cintra - have signed a new shareholder agreement underlining "deep concerns" about plans to merge it with Cintra’s parent company, Ferrovial.
PERE looks at three deals - one good, one bad and one that has the potential to be both - and the reasons for their divergent turns of fate. RREEF's deal to acquire a $510m office in Beijing went badly thanks to a local seller who falsified due diligence materials. PERE July/August 2009