The battle to secure the largest leveraged buyout ever continues as Vornado’s revised counter-bid for Equity Office tops Blackstone’s offer by $2 a share.
Dubai International Capital has withdrawn its proposed £450 million bid for Liverpool, English football’s most successful club side, after the board failed to agree to the terms of its buyout offer.
The DLJ spinout has made plans to add to its long list of media-related investments with an agreement to purchase Minneapolis, Minnesota’s Star Tribune.
The Private Equity Council will be based in Washington DC and led by Douglas Lowenstein, currently the head of the video game industry association.
Warburg Pincus has reportedly bought a 25 percent stake in Shanghai ZK Real Estate Development as it increases exposure to the emerging market.
The Washington, DC-based firm has made the investment in the full-service US restaurant chain Huddle House.
After months of negotiation, the board of the gaming company has agreed to a sweetened offer from the two private equity firms.
In the biggest acquisition in the firm’s history, Pennsylvania’s BPG has acquired a $314m apartment portfolio from National Properties.
In the same week, the New York private equity firm has acquired $74m in Boston properties and closed a net-lease fund on $160m.
Blackstone is seeking a knockout blow in the battle for Equity Office by increasing its offer to $38.3 billion and ramping up its break fee.