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CBRE Debt Advisory Team Expanded With Appointment of Irish Specialist
CBRE expects to see banks across Europe continue to pursue sales of commercial real estate loans in 2012 as lenders seek to further streamline the process for reducing their exposure to property. In 2011, CBRE recorded the completion of more than 20 loan sales by European banks, representing over €20 billion of real estate debt. At least a further €13 billion has also been placed on
Written By Rebecca Harris
Posted on 22/Feb/2012
General Partners Under Pressure To Increase Personal Fund Commitments But Lack Access To Finance
• Four in five GPs feel that they should invest more in their firm’s next fund • 35% cannot access sufficient finance to commit to a greater investment • Investec sees threefold rise in GPs seeking finance to invest in their own funds Private equity General Partners (‘GPs’) feel pressured to invest more of their own capital in their firm’s next fund but
Written By Rebecca Harris
Posted on 22/Feb/2012
Permira appoints Mubasher Sheikh as new Head of Healthcare
Permira today announces the appointment of Mubasher Sheikh as Head of its Healthcare team. Mubasher brings over 15 years of healthcare experience, both in medical practice and as a management consultant.# Prior to joining Permira, Mubasher spent 11 years at McKinsey & Co, including six as Partner, playing multiple roles including Head of the Global Pharmaceutical R&D Practice and
Written By Rebecca Harris
Posted on 22/Feb/2012
BC Partners fundraising hits €6.5bn cap
BC Partners announces the final closing of BC European Capital IX ("BCEC IX" or "the Fund") having successfully attained the Fund’s hard cap of €6.5bn in investor commitments. Strong demand was generated from both existing and new investors leading to a 60% increase in the firm's investor base, a fund size 14% larger than the preceding fund and the Fund being oversubscribed. BC
Written By Rebecca Harris
Posted on 22/Feb/2012
Wells Fargo Agrees to Acquire BNP Paribas
Wells Fargo Bank, part of Wells Fargo & Company (NYSE: WFC), today announced that it has entered into a definitive agreement to acquire the North American reserve- based and related diversified energy lending business of BNP Paribas (BNP.PA). Terms of the all cash transaction were not disclosed. Headquartered in Houston, the BNP energy business consists of approximately 175 customer
Written By Rebecca Harris
Posted on 22/Feb/2012
Predictions - National Budget 2012 - updated after the State of the Nation address by the President in February
The following statement is a pre-budget prediction in anticipation of next week’s Budget Day, as prepared by Ernie Lai King, tax Executive at Edward Nathan Sonnenbergs. As with the immediate past two National Budgets - job creation and the nurturing of the economy will continue to be the priorities in the 2012 Budget. The priorities were re-emphasised in both the Finance Minister's
Written By Rebecca Harris
Posted on 22/Feb/2012
Barclays publishes FSA Complaints Data H2 2011
Barclays Statement on FSA Complaints: Barclays Bank PLC today publishes customer complaint numbers for the second half of 2011 (1 July to 31 December) which show the bank has substantially driven down volumes by addressing the root causes of complaints. In the Banking category there has been a 31 per cent reduction in complaint volumes for the full year 2011 compared to 2010. Figures for
Written By Rebecca Harris
Posted on 22/Feb/2012
Drivers Jonas Deloitte announces further senior retail appointments
Patrick Heaps and Chris Mulcock are joining the growing team at Drivers Jonas Deloitte as the business continues to grow its retail investment business. Patrick will join as head of retail agency with focussing on the out of town retail market and international tenant representation and will work with retail specialists across Deloitte. Chris’s arrival will greatly expand the retail
Written By Rebecca Harris
Posted on 22/Feb/2012
Aegis Acquires Leading US Digital Agency Roundarch
Aegis Group plc ("Aegis"), the world's leading, focused media and digital communications group, is pleased to announce that it has reached agreement to acquire the holding company of Roundarch Inc. ("Roundarch"), the US digital agency, for an initial consideration of US $125 million (£79 million). Roundarch is a leading digital agency which specialises in designing and building
Written By Rebecca Harris
Posted on 22/Feb/2012
URS to Acquire Flint Energy Services for C$1.25 Billion
URS Corporation (NYSE: URS) and Flint Energy Services Ltd. (TSX: FES) today announced a definitive agreement under which URS will acquire Flint for C$25.00 per share in cash, or C$1.25 billion (US$1.25 billion). URS also will assume approximately C$225 million (US$225 million) in Flint debt. The transaction, which has been approved unanimously by the URS and Flint Boards of Directors, will
Written By Rebecca Harris
Posted on 22/Feb/2012
