Private equity real estate firm JER Partners and Formation Capital are increasing their bid for the long-term health care company to $1.7bn.
Charlie McCreevy, the European Union’s internal market commissioner, has reiterated his support for the private equity industry, while conceding that the industry has a lot of work to do to convince sceptics that it is a force for good.
The real estate arm of The Blackstone Group has sold off its Extended Stay Hotels chain to The Lightstone Group for $8bn.
Morgan Stanley makes its first investment in Brazil via the acquisition of a minority stake in Abyara, a Sao Paolo-based real estate company.
NASDAQ-listed Apollo Investment Corporation has acquired Innkeepers USA Trust for $1.5bn in cash.
UK-listed private equity group 3i has been linked with a £375m bid for Erinaceous Group, a scandal-hit property management business.
Doubling its holdings in the Windy City, New York-based KTR Capital Partners has acquired 23 buildings near O’Hare airport for $107m.
The Sainsbury family seems to have triumphed in its bid to keep the UK retailer out of private equity hands, after the last remaining members of the buyout consortium admitted defeat in their battle to take the company private.
Tamara Mellon, the founder and president of Jimmy Choo Limited, will join the board of the newly acquired fashion house Hilco.
The US secondaries specialist has invested in two pan-European funds, one on a secondary basis and the other as a primary investor in a new fund run by the same manager.