Only two bidders have come forward for London's second airport, with a Citi-led consortium failing to make an offer by the bid deadline. Analysts said bids were between £1.3bn to £1.5bn, well below the £1.8 billion to £2 billion seller Ferrovial expected when it announced the sale.
The buyout giant’s plan to delist its Euronext-traded fund and float on the New York Stock Exchange has once more been delayed due to the tumultuous recent conditions in the financial markets.
3i Group, the London-listed private equity firm, is considering a rights issue as part of its continued effort to reduce its £2.1 billion (€2.3 billion; $3.1 billion) debt burden. In response to a report in UK newspaper The Sunday Telegraph that it is planning to raise between £500 million and £700 million, 3i said it […]
The listed British private equity investor has confirmed that it is considering a rights issue, following media reports that the firm is looking at raising up to £700m.
Cuts to government spending will force governments to increase private provision of public services, argues Michael Kapoor.
California Governor Arnold Schwarzenegger, along with fellow US governors Edward Rendell and Jon Huntsman, today reiterated America's dire infrastructure needs. Rendell estimated the US will need up to $1.5tr in infrastructure investment over the next five years and said PPPs will 'certainly' have a role.
The bank, which is currently assisting with fundraising for groups including MBK Partners, Alinda Capital and Citadel, has decided to wind down its private equity fund placement arm by year end. Two of its executives have already been hired by Credit Suisse as part of its asset management division's global expansion.
InfrastructureInvestor’s parent has been recognised in the prestigious awards’ international trade category. London-based PEI Media now has customers in 80-plus countries and has more than doubled its overseas revenues in the past three years.
The London-listed private equity firm has offloaded a portfolio of 10 venture capital investments to the secondaries specialist. 3i has also exited its growth capital investment in shipping services company Instone International for between €30m and €50m.
The buyout industry’s energy-focused veteran continues to prove LPs are keen on energy, topping its own record for the largest energy fund raised to date. The final close comes less than a year after its initial close, though is far from its $12bn target and $16bn hard-cap.
Infrastructure investment deserves a spot on Tom Friedman’s list of forces flattening the world, argues Cezary Podkul.
Formerly an investment vehicle for Abu Dhabi’s sovereign wealth, the Abu Dhabi Investment Company is expanding into M&A advisory with the hire of Alex Carré de Malberg.
John Campbell reflects on the evolution of the infrastructure asset class in the first of a series of six guest editorials on this topic.
To be released on 23 April, the PEI 300 will rank the largest 300 private equity firms in the world. Dubai's Abraaj Capital, Sydney's Pacific Equity Partners and Tokyo's Advantage Partners are amongst the Asia Pacific and Middle Eastern firms to make the cut.
Michael Kapoor, editor of Infrastructure Investor magazine, discusses the new realities of fundraising for the infrastructure asset class.