Stephen Harris, a public procurement expert at UK consultancy Tribal Group, explains the difference between PPPs, concessions and privatisations.
Though there is €50 billion of equity ready to be deployed in European real estate this year, the amount has fallen by three quarters from 2007, according to Jones Lang LaSalle.
The Paris-headquartered private equity firm has opened two new locations this year on the heels of closing its €1.6bn Fund IV. The Vienna-based team mainly look for corporate takeover opportunities, but will also source growth capital, mezzanine, infrastructure and co-investment deals.
As part of its global efficiency drive, the firm’s entire Chinese investment team will be based in Beijing.
Former TCW president William Sonneborn has been named head of KKR Asset Management as well as chief executive of NYSE-listed KKR Financial, which is one of the largest lenders to Sam Zell’s now-bankrupt Tribune.
After a protracted 18-month sale process, the Ontario Teachers’-led consortium has finally pulled the plug on what would have been the largest buyout ever. The shareholders of BCE are now looking to secure a C$1.2bn break-up fee.
LPs are turning away existing relationships as they bump up against their target allocations. Almost two-thirds will sell interests on the secondaries market to focus resources on the best GPs, according to an LP survey by Coller Capital. There has been a 'growing recognition' among LPs of the importance of being with the best GPs.
LPs are turning away existing relationships as they bump up against their target allocations. Almost two-thirds will sell interests on the secondaries market to focus resources on the best GPs, according to an LP survey.
Investcorp has become the latest firm to take cost-cutting measures as it plans to lose 90 staff. Earlier this week the firm invested in UK debt management company TDX Group.
The listed buyout firm is will eliminate 100 jobs, mostly in back-office functions such as human resources and marketing.
The emerging markets-focused firm has already invested 12% of the fund, which will limit its use of leverage to deals in South Africa and Southeast Asia.
After a promising start to its latest fundraising, tough market conditions have forced the Paris- and London-based firm to lengthen the fundraising period for its €250m renewables fund.
A changing economic landscape means private equity portfolios must be examined through a new lens, writes Steve Moseley.
Last year, mega-firms took centre stage in the Private Equity International Awards – will they be displaced now that mega-deals have slowed? Which firms, funds and deals excelled over the past year? Cast your vote now in the only global private equity awards that are voted on entirely by the industry – not by editors.
The private equity firm will continue to invest in these regions, but has decided dedicated teams weren’t warranted given global financial turmoil coupled with the ‘difficult investment’ climate.