As the stock prices of many financial services companies collapse, Warburg Pincus, TPG and Corsair Capital are suffering publicly due to possibly ill-timed investments in MBIA, Washington Mutual and National City, respectively.
The London-based investment bank with significant property holdings has appointed Ernst & Young to restructure some of its investments.
Steve & Barry’s, the discount clothes retailer with 276 stores in the US, cites a ‘liquidity shortfall’ after filing for Chapter 11 protection. Boston-based private equity firm TA Associates held a minority stake in the company, which recently signed-up Sex and the City star Sarah Jessica Parker.
DLJ founder Richard Jenrette is the latest veteran of the investment bank to join the publicly-listed alternative asset manager, re-teaming with former colleague and current Blackstone president Tony James.
There has been a sharp fall in optimism among small and medium-sized business according to the latest Bowmark Entrepreneurs’ Index, underlining the uncertainty of the next six months.
Steve & Barry’s, the discount clothes retailer with 276 stores across the US, cites a ‘liquidity shortfall’ after it filed for Chapter 11 bankruptcy protection. Boston-based private equity firm TA Associates held a minority stake in the firm.
The firm has hired former AXA REIM professional Fabio Donato for its Italian office and has made a new acquisition in the country, investing in an unoccupied site in Rome.
The Luxembourg-based steel producer has launched two funds targeting cleantech and carbon credit-producing investment opportunities. The cleantech fund has made its first investment in solar company Miasolé, injecting $20m into the company.
The long-time KKR loyalist will be the first public pension to invest in a “dedicated separate account” managed by KKR Fixed Income. The commitment dwarfs previous Oregon commitments to KKR’s buyout funds.
Global Infrastructure Partners and energy company Fortistar have acquired bankrupt Texas power generation plant Channelview after US courts approved the deal last month.