Lisa Baker News
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Spain’s Sareb, set up last year to acquire 90 billion euros ($116 billion) of soured real estate assets at a discount from rescued lenders, is preparing its first sale, known as ‘Project Bull,’ to test the beleaguered property market’s ability to attract investors.
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TPG Capital and Oaktree Capital Management LP stand to triple the value of their stake in Taylor Morrison Home Corp. by taking the builder public just two years after leading a buyout of the company.
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Bank of America Corp.’s proposed $8.5 billion settlement over mortgage-securitization trusts is being probed by New York Attorney General Eric Schneiderman, who is seeking client information from more than 20 companies, Bloomberg News’ Karen Freifeld reports.
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Dell Inc. is setting up meetings with shareholders to assess their demands for getting its $24.4 billion buyout done and also preparing a public response to critics of the deal, said people with knowledge of the situation.
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KKR & Co.’s real estate unit, which has made five U.S. deals since forming last year, plans to invest in Europe as it explores transactions including housing developments in London, the head of the division said.
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Tom Barrack’s Colony Capital LLC, which plans to acquire $1.5 billion of rental homes within a year, was among the winners of about 2,500 foreclosed properties auctioned off by Fannie Mae, according to four people with knowledge of the sale.
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Immucor Inc., the leading maker of tests to screen blood before transfusions, agreed to sell itself to private-equity firm TPG Capital for $1.97 billion.
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One evening in late September, Mitt Romney supporters gathered at the $3 million Boca Raton, Florida, home of Marc Leder, the Sun Capital Partners Inc. co- founder behind the takeovers of retailers Friendly Ice Cream Corp., Limited stores and ShopKo Stores Inc.
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Northstar Pacific Partners, the Indonesian private-equity firm backed by TPG Capital, raised $820 million for the biggest fund to invest in the country, said three people familiar with the company.
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KKR & Co. is seeking $5 billion to $6 billion by year-end for its next private-equity fund, according to two people with knowledge of the firm’s plans, an effort whose outcome may signal how competitors will fare in attracting new cash.
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