ABS To Buy Hammacher Schlemmer Building For $63M
ABS Partners Real Estate is in contract to acquire the famed Hammacher Schlemmer building in Midtown for $63 million, sources told The Real Deal.
Investment Group Buys Datran Center In Miami For $150M
An investment group led by ABS Partners Real Estate and Acre Valley Real Estate Capital paid $150 million to acquire the Datran Center, a two-tower office complex in Miami’s Kendall neighborhood.
ABS Capital Leads $45M Series B In Galvanize, The Learning Community For Technology
Galvanize, a market leader delivering technology education programs and community workspaces, announced today a $45 million Series B investment led by ABS Capital Partners, a leading late-stage growth company investor.
UK's New ABS Rules Will Smooth Path For PE Investments
Freeing up the rules on licensing alternative business structures will help the Solicitors Regulation Authority deal with more complex applications, such as those from businesses that form part of a group or have private equity investment, it has told the government.
March Was Best Month For Hedge Funds In Two Years
Aggregate hedge fund performance in March was generally very good, however volatile currency and commodity markets and uncertain political climates (the U.S. presidential election, Brexit referendum,...
Cathay Capital Invests In Chinese Furnishing Retailer ABS
Sino-Europe private equity firm Cathay Capital has made an undisclosed investment in Chinese home furnishing product retailer ABS through its Sino French SME Fund, says a company announcement.
Hedge Funds Stars Join Losers' Club For The First Time
NEW YORK: An elite group of hedge fund managers must have awakened on Jan. 1 with an unusual type of hangover: their first annual loss. Large funds managed by King Street Capital Management, CQS, Pine River Capital Management, Metacapital Management, DW Partners and Libremax Capital were among those that lost money, or were on track to, in 2015 for the first time, according to people familiar with the firms and private performance information seen by Reuters. Until last year, the funds had achieved gains in any market, a feat many managers pitch but few accomplish. But 2015 proved challenging for...
My “bog standard law firm” has become a “roll-out specialist”, says high street ABS chief
The chief executive of what he terms a “bog standard law firm” has described how it secured private equity investment as a “roll-out specialist”. Colum Smith of McMillan Williams revealed that his firm received eight private equity funding offers. The post My “bog standard law firm” has become a “roll-out specialist”, says high street ABS chief appeared first on Legal Futures.
ABS update: Parabis, Slater & Gordon, DAS Law and EY
The Parabis Group – the first law firm to be bought by a private equity business – is on the verge of being broken up, two months after problems first emerged. Meanwhile, England cricket captain Alistair Cook has helped launch a drop-in centre at Slater & Gordon's flagship Manchester office.
Online lending is becoming huge thanks to a practice blamed for the financial crisis
Online lending is already big, but the inflow of funds from large investors into the sector could make it huge. The money is coming in two ways: investment in the startups, and the securitization of loans, according to a Keefe, Bruyette & Woods report.Startups like SoFi and Commonbond are repackaging consumer loans into asset-backed securities (bonds) and selling them onto investors including hedge funds and banks.Proceeds from the bond sales are turned into more loans.Asset-backed securities were also used to bundle mortgages during the run-up to the financial crisis – and blamed for excessive risk taking by mortgage lenders who offloaded the debt to other...