Shares in Sainsbury’s, a UK grocery chain at the center of a controversial £10bn private equity bid, slid this morning as two more of the buyout firms involved reportedly pulled out of the deal. The news followed continuing opposition from pension fund trustees and minority shareholders.
The New York private equity firm, in conjunction with Federal Capital Partners, is selling three properties and recapping another two to the tune of $405m.
The Fortress-backed firm, which focuses on Southeast Europe, is acquiring Aristo Developmers for a total of €438m.
Shareholders in Partners Group, the Swiss alternative asset manager, are set for a €43 million payout after the company enjoyed a highly successful first year as a listed entity.
Nordic private equity firm CapMan has closed its second private real estate fund CapMan RE II with €150m in commitments.
Aberdeen Property Investors’ Asia-focused vehicle has $435m in commitments—and the firm hopes to announce a final close on $600m by the second quarter.
Seoul-headquartered Doran Capital has held a first closed on its Korean real estate fund, which looks to make value-added investments throughout the country.
The Fortress-controlled entity is selling the 78 “non-core” properties as it concentrates on the major real estate markets in Germany.
Property tycoon Robert Tchenguiz is trying to derail The Blackstone Group’s agreed £96 million bid for La Tasca, a UK tapas chain.
Fresh from its $39 billion take-private of Equity Office Properties, Blackstone becomes the world’s second largest operator of tourist attractions and theme parks with a £1 billion deal to buy The Tussauds Group.