June 16 - PRNewswire - With approximately US$1 trillion in global deal volume recorded during the first 19 weeks of 2008 vs. US$1.4 trillion during the same time last year, total transaction volume so far in 2008 has fallen below the record highs of 2007. However, merger and acquisition activity is expected to stabilize throughout the remainder of 2008 and the first half of 2009, according to Ernst & Young LLP's Transaction Advisory Services group.
"PE firms and corporations still remain armed with tremendous arsenals of cash to conduct transactions once the lending environment is restored,"said John O'Neill, Ernst & Young's Americas Director of Private Equity. "Once the overhang from the credit crunch is gone and lenders return to the transactions table and sellers adjust to more rational price expectations, we expect to see this cash funneled directly into the deal market." Read More.
Showing posts with label Real Estate. Show all posts
Showing posts with label Real Estate. Show all posts
Tuesday, June 17, 2008
Tuesday, November 13, 2007
Podcast: M&A Outlook 2008, Three Hot Sectors
November 8 - PodTech - M&A deals in energy, real estate, and health care are some examples of sectors that still show lots opportunity, with some caution. Jason Lopez spoke with experts in each of these sectors at The Deal's "M&A Outlook 2008." In this podcast you'll hear about the nuances of the markets and expectations for next year from two energy pros, Jamie Welch, head of Global Energy for Credit Suisse and Richard Vaccari, VP of mergers and acquisitions at Sempra Energy. Listen to podcast.
Thursday, October 18, 2007
Metals Slump As Housing Market Worsens
October 17 - AP - Base metals declined Wednesday after the Commerce Department reported homebuilding slumped to its lowest level in 14 years, raising concerns that demand for copper and other raw materials could ebb.
In other commodity markets, agriculture futures ended mixed, while oil prices reached a peak and precious metals edged higher.
Although housing news has been grim for more than a year, September's 10.2 percent drop in construction of new homes surprised analysts who on average expected a more modest 4.2 percent decline. It was the slowest pace since March 1993. With the housing downturn showing little sign of a bottom, investors retreated from the industrial metals key to building infrastructure. Read More.
In other commodity markets, agriculture futures ended mixed, while oil prices reached a peak and precious metals edged higher.
Although housing news has been grim for more than a year, September's 10.2 percent drop in construction of new homes surprised analysts who on average expected a more modest 4.2 percent decline. It was the slowest pace since March 1993. With the housing downturn showing little sign of a bottom, investors retreated from the industrial metals key to building infrastructure. Read More.
Friday, October 05, 2007
Real estate buyout funds still on a tear
October 4 - The Globe and Mail - The private equity party may be over but the news hasn't yet made it to the real estate buyout funds, which are seeking $105-billion (U.S.) in new capital, a sixfold increase from January, 2006.
There are 206 real estate-focused funds in the market raising capital around the world, an explosion of growth in what was once a niche sector of private equity, according to data from London-based Private Equity Intelligence.
Last year, 116 new funds raised a record of $72-billion, and 2007 is set to surpass that amount with a total of about $75- to $85-billion. That's seen further increasing to $80- to $100-billion next year, the research firm said. Read More.
There are 206 real estate-focused funds in the market raising capital around the world, an explosion of growth in what was once a niche sector of private equity, according to data from London-based Private Equity Intelligence.
Last year, 116 new funds raised a record of $72-billion, and 2007 is set to surpass that amount with a total of about $75- to $85-billion. That's seen further increasing to $80- to $100-billion next year, the research firm said. Read More.
Wednesday, September 12, 2007
Private equity eyes UK property funding role
September 6 - Reuters (London) - Private equity smells an opportunity in UK commercial property. Prices are falling, but developers cannot get the funds to buy bargains because lenders rocked by the subprime crisis are running shy of the sector.
Unlike the vulture funds of the 1990s though, these opportunists are not planning hostile takeovers of property firms paralysed by a lack of credit.
Instead, private equity sees itself as "white knight", offering its own cash for funding should the need arise, with a view to a more traditional debt refinancing when banks' appetite for lending returns. Read More.
Unlike the vulture funds of the 1990s though, these opportunists are not planning hostile takeovers of property firms paralysed by a lack of credit.
Instead, private equity sees itself as "white knight", offering its own cash for funding should the need arise, with a view to a more traditional debt refinancing when banks' appetite for lending returns. Read More.
Friday, August 24, 2007
Developers a-callin' on private-equity firm
August 23 - IndyStar.com - The subprime mortgage collapse. Shrinking credit. Stock market angst.
For many investors and real estate developers, the news lately hasn't been good. But for others, including private-equity firms such as D.W. Funke Investments, the housing market's losses have been their gain.
"We are in high-growth mode," said David W. Funke, president and chief executive of the Carmel-based investment company.
"Because of what's happening with the subprime collapse and the shaking up of the capital markets, generally all we have to do is respond to the phone calls coming in" from commercial real estate brokers, bankers and developers, he said. Read More.
For many investors and real estate developers, the news lately hasn't been good. But for others, including private-equity firms such as D.W. Funke Investments, the housing market's losses have been their gain.
"We are in high-growth mode," said David W. Funke, president and chief executive of the Carmel-based investment company.
"Because of what's happening with the subprime collapse and the shaking up of the capital markets, generally all we have to do is respond to the phone calls coming in" from commercial real estate brokers, bankers and developers, he said. Read More.
Monday, August 13, 2007
Funds find Detroit: Private equity money looks at affordable housing in Detroit
August 12 - Crane's Detroit Business - Private equity, flush with capital and running out of deals in traditional places, has taken aim at the local affordable-housing industry, with an expected deal in September expected to funnel more than $32 million directly into metro Detroit.
Why are such sums of money attracted to projects in distressed areas of Detroit and other communities? It's because navigating the complex world of tax credits allows banks, equity funds and builders to make money off projects that otherwise would make no financial sense.
The Lansing-based Great Lakes Capital Fund, whose Detroit office helps fund affordable-housing developments and commercial renovation in Southeast Michigan, is doing its first deal with a private-equity company, which wants to buy $300 million in bundled tax credits during the next three years. Read More.
Why are such sums of money attracted to projects in distressed areas of Detroit and other communities? It's because navigating the complex world of tax credits allows banks, equity funds and builders to make money off projects that otherwise would make no financial sense.
The Lansing-based Great Lakes Capital Fund, whose Detroit office helps fund affordable-housing developments and commercial renovation in Southeast Michigan, is doing its first deal with a private-equity company, which wants to buy $300 million in bundled tax credits during the next three years. Read More.
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