Despite a significant bid premium, the listed waste management business has said a better offer is needed.
Why a proposed housing bill in India could scare off institutional investors as easily as attract them. PERE Magazine December 2009- January 2010 issue
How the market reacted to Dubai World's decision to seek a six-month standstill on its debt. PERE Magazine December 2009-January 2010 issue
The state-owned ports and real estate conglomerate at the centre of Dubai’s current economic crisis has announced it is focusing the restructuring of its debt obligations towards itself and its real estate subsidiaries Nakheel and Limitless. It also confirmed that asset sales could form part of the process.
Although the recent listings of Myer Group and Kathmandu Holdings are signs the IPO market is opening up in Australia, they give mixed signals to the private equity industry.
Warnings in 2006 that Dubai would be a property disaster just like Texas in the 1970s have proved prescient. But few expect quick opportunistic deals to come out of the stricken emirate today. By Robin Marriott
In a statement released today, Abdulrahman al-Saleh, director general of Dubai’s department of finance, distanced the financial position of the state from the debts of Dubai World, a ports and real estate investment conglomerate it owns.
The private equity firm needs to win over 3% of shareholders to proceed with its revised take-private bid, which has been rejected by the energy company’s board.
Private equity resources channelled into the third sector have helped improve the lives of 18,975 young people, says Shaks Ghosh.
On the day that MENA rival Abraaj Capital raised $375m from shareholders, Cairo-based Citadel has unveiled plans for a public listing.
The new owner designate of London Gatwick Airport has announced that David Rowlands, a former head of Britain’s Department for Transport, is to chair the company from December.
The MENASA-focused firm will use the new capital to seed new funds and possibly make strategic acquisitions.
The National Pension Service of Korea has agreed to buy HSBC’s headquarter building in London’s Canary Wharf in what will be one of the biggest single asset transactions of 2009.
More than 100 participants from the private equity industry spent Friday digging, building and painting as part of a Private Equity Foundation volunteer day in London’s East End.
Rockspring Property Investment Managers has completed its first deals for its London-focused separate account with the National Pension Service of Korea.