Eva Poon
The joint venture’s planned mixed-use development is located on former Boeing aircraft land.
A consortium of Dallas- and Houston-based private equity investors, including Charter Private Equity, White Oak Capital Partners and Capital Point Partners, has acquired the casual dining restaurant chain, known for its fish tacos and shrimp dishes.
US private equity firm Sun Capital is keeping afloat on its investment in the bankrupt retailer, thanks largely to sale-leasebacks of several of the chain’s department outlets. Sun Capital and Cerberus, which sold its stake last year, bought Mervyn's for $1.2bn in 2004.
Real estate, mezzanine debt and expansion into public equities are on the agenda for KKR, according to an investor presentation released in conjunction with the firm’s plans to go public.
The New York-based private equity real estate firm led by Apollo partners Bill Mack and Lee Neibart has acquired Hudson’s Bay Company, Canada’s largest retailer. NRDC is now hoping to expand its previous retail acquisition, the prestigious Lord & Taylor chain, into Canada.
Kuwait-based Global Investment House has launched its second Shariah-compliant real estate fund targeting property investments in the Middle East.
The Bahrain-based investment firm is betting on China’s alternative energy sector through a joint venture with India’s Tanti Group. The deal is Arcapita’s first in China.
Private equity real estate firms globally raised $40bn during the first half of 2008, according to proprietary data from sister publication PERE Magazine. This tally puts GPs on course to raise more than the record-breaking totals of last year.
A partnership between The Carlyle Group, Deutsche Bank’s RREEF and Extell Development Company is in play to develop two luxury residential buildings in Manhattan after securing one of the largest construction loans in the US this year.
Private real estate investment firm Shorenstein Properties is targeting debt interests in prime markets in the US looking to capitalize on the “ongoing dislocation” in the credit markets. The firm's total debt holdings now total $685m.