Should private equity houses buy LBO debt, particularly in companies in which they own equity? Eversheds’ Mark Spinner discusses the trend.
The US private equity firm will add a second struggling German bank to its portfolio, purchasing a 91 percent stake in business bank IKB, which entered into an 'existential crisis' in July 2007.
The international property investor is seeking to raise $350m for a US opportunity fund and more than $200m for a vehicle targeting both the US and Europe.
Olympus has made its fourth Chinese investment with a growth capital infusion in Zhongwang International, the world's third largest aluminium profile company.
As the New York-based private equity real estate firm prepares its European debt fund, it has added additional capital to its US debt vehicle.
The $72.3bn US pension joins a raft of North American funds recording losses for the year to June 30. Once again real estate was the best performing asset class returning 8.74%, followed by fixed income and private equity.
The Texas private equity real estate firm formerly known as N3 Capital Partners has renamed itself after a landmark bridge in Austin, where it is relocating its headquarters. The firm, which closed its debut fund on $250m last year, is targeting commercial and residential real estate as well as land assets.
Private equity-backed Mrs. Fields Famous Brands plans to file for Chapter 11 as declining consumer spending takes its toll. The shopping mall-centred company's Mrs. Fields and TCBY franchise stores have suffered closures since 2004.
The head of JC Flowers has reportedly established a fund under his personal control – a possible solution to stringent US bank holding company regulations.
The president of private equity real estate firm GoldenTree InSite Partners, Tom Shapiro, has warned the US real estate market is in store for more pain ahead as fundamentals, such as rents, weaken. It comes as UK real estate company, British Land, said prospective rents were “drifting downwards.”