Feb 27, 2013 | Central & Eastern Europe, News, Russia
Moscow Times The domestic commercial property market received a massive cash injection with the sale of one of Moscow’s largest shopping centers, Metropolis, to Morgan Stanley’s real estate investment unit for a record $1.2 billion. Morgan Stanley Real...
Feb 27, 2013 | News, Western Europe
LONDON, Feb 27 (Reuters) – British home and motor insurer esure plans to list up to half its shares in London next month, valuing the company at as much as 1 billion pounds ($1.5 billion) and raising money to wipe out debt and boost growth. Offer to value...
Feb 27, 2013 | News, Western Europe
Feb 27 (Reuters) – British financial services group Standard Life has agreed to buy Newton Management, a UK wealth management unit of BNY Mellon, adding up to 3.6 billion pounds of client assets to its books. Standard Life said on Wednesday it expects the deal...
Feb 27, 2013 | News, North America, Russia
East-West Digital News 22 February 2013 Virool, a San Francisco-based startup founded in 2011 by a Russian team, announced last week that it raised $6.62 million from leading venture funds and business angels. A Y-Combinator graduate, Virool defines itself as “a...
Feb 27, 2013 | Events, Global, News, Western Europe
BERLIN (Reuters) – Private equity investors hoping for outsized profits are facing an awkward truth – investment returns have shrunk and are unlikely to go back to their peak levels. At private equity’s annual global gathering in Berlin this week,...
Feb 27, 2013 | News, North America
New York (Reuters) – Blackstone Group LP (BX.N) vice chairman J. Tomilson Hill, the head of the firm’s fund-of-hedge-funds business, earned $8.5 million last week by selling a portion of his stake in the world’s largest alternative asset manager,...
