The private equity world could see another record broken if KKR and Texas Pacific group are able to acquire energy company TXU Corporation for $45bn, surpassing the $39bn Equity Office deal.
The UK private equity real estate firm is making almost six times its equity investment on the sale of a German property to the real estate firm founded by former Irish tax inspector Derek Quinlan.
The UK-based placement agent has hired Clive Norton as a managing director.
The newly formed firm has invested a quarter of its debut private equity real estate fund.
Some of the world’s biggest alternative asset managers will be watching with interest tomorrow when Fortress Investment Group becomes the first US hedge fund and private equity group to float on the stock exchange tomorrow.
Following the exit of Vornado Realty Trust from the bidding, Equity Office’s shareholders have given the green light to the largest private equity deal to date by approving Blackstone’s offer of $39bn. The deal includes a Blackstone equity check of $3.75bn.
Liverpool has become the third English football club to come under US ownership, after accepting a £470 million takeover bid from US private equity veteran Tom Hicks and compatriot George Gillett. The deal will help the club finance a new stadium.
Private equity real estate firms are increasingly looking towards permanent capital vehicles to boost their funding base. But despite the dollars to be had, it's not all wine and roses. By Aaron Lovell
Long an international pariah, Libya is increasingly being talked about as a potential destination for real estate investors. Though it may take time before private equity real estate firms can invest there, the market is slowly opening up. By Aaron Lovell
Since the beginning of Dubai's construction boom, the affordable housing sector has often been overlooked. But as the luxury market looks set for a correction, middle-income housing could replace yesterday's extravagance. By Sonal Rupani