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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: private equity

private equity stories: 96 news summaries

21 - 40 of 96 Stories | << Prev 1 2 3 4 5 Next >>

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Hedge Funds in Hot Seat After Market Plunge

Plunging stock prices, redemptions coincide to deal industry a one-two punch

Sep 30, 08 10:19 AM CDT
(Newser) - At a time when markets need their money more than ever, the $2-trillion hedge fund industry could fall victim to bad timing, as yesterday's plunge coincides with today’s deadline for many investors to withdraw before year’s end, the Wall Street Journal reports. Funds may be forced to sell... More »

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private equity • stock market • bailout • market turmoil • credit market chaos • hedge funds

Lehman's Asset Management Arm Sold on Cheap for $2B

Prestigious Neuberger Berman goes to 2 private equity firms

Sep 30, 08 6:10 AM CDT
(Newser) - Two private equity firms will acquire Neuberger Berman, the largest and most prestigious component of Lehman Brothers, for $2.15 billion. Bain Capital and Hellman & Friedman will pay in cash for the wealth management firm—an indication of just how stultified credit markets have become. Only a month before... More »

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private equity • Bain Capital • asset management • Lehman Brothers • private equity firms • Neuberger Berman • Hellman & Friedman

WaMu Looks to Private Equity
as Bank Teeters

Blackstone, Carlyle in talks after overtures to other banks flop

Sep 25, 08 8:52 AM CDT
(Newser) - Washington Mutual is hoping private equity will save the bank after its efforts to broker a sale to another financial institution came to nothing. Both the Carlyle Group and Blackstone are considering a takeover of WaMu, insiders tell the Wall Street Journal, although a deal is not yet assured. Many... More »

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private equity • Carlyle Group • takeover • Washington Mutual • Blackstone • WaMu

Fed Loosens Reins on Private Funds Buying Into Banks

But some worry risky loans will result

Sep 23, 08 5:51 AM CDT
(Newser) - The Fed has loosened the rules that curtailed private investments in banks, the Wall Street Journal reports. The move may inject more cash into the financial system—if private equity chooses to invest—but will raise fears of profit-hungry investors snapping up stakes in banks to make quick cash with... More »

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investing • private equity • Federal Reserve • bank • buyout firms • bank regulation • banking industry

WaMu Gets OK to Raise Capital as It Seeks Sale

Investor OKs share dilution as beleaguered bank looks for suitors

Sep 18, 08 7:00 AM CDT
(Newser) - Washington Mutual is attempting to raise capital or sell itself, the Wall Street Journal reports, and it got a big boost in that effort yesterday from TPG. The private equity firm, which sunk $7 billion into WaMu in April, waived a clause that would have effectively prevented the thrift... More »

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private equity • credit market • Washington Mutual • financial sector

BofA Could Partner With China Fund on Lehman Bid

Bankruptcy remains possibility for firm

Sep 12, 08 12:17 PM CDT
(Newser) - Bank of America could partner with financial investor JC Flowers and a Chinese sovereign wealth fund on a bid to rescue Lehman Brothers, the Financial Times reports. The hobbled investment bank had resisted selling itself, but is now eagerly seeking suitors before the last of its goodwill on Wall Street... More »

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private equity • Wall Street • Bank of America • Henry Paulson • shareholders • Bear Stearns • SEC • Lehman Brothers • JC Flowers and Co • China Investment Corp

ANALYSIS

Cuckold's Web Vendetta Wrecks Banker's Career

Bitter online campaign pays off when ex-wife's disgraced lover resigns

Aug 5, 08 10:59 AM CDT
(Newser) - The resignation last week of a top Wall Street banker, supposedly to “spend more time with his family,” was actually the result of a successful Internet vendetta by the cuckolded husband of a woman with whom Steve Rattner had had an affair. Rattner tells the New York Times... More »

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private equity • Wall Street • Internet • Credit Suisse • sex • affair • Steven Rattner

Angel Investors Profit From Slumping Markets

Affluent investors increase investments, despite market downturn

Jun 18, 08 4:26 PM CDT
(Newser) - The bearish market hasn't stopped angels from acting like bulls, Portfolio reports. Angel investors, those who fund start-ups and small companies, are profiting from Wall Street's woes: Reduced private equity funding has made angels the go-to source for capital, improving their bargaining position and giving them more chances to... More »

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investing • private equity • business • credit market • startup

Investors Throw Dice on Jacko's Vegas Comeback

Investment firm pushing for a start to Michael Jackson: the Vegas Years

Jun 13, 08 8:46 AM CDT
(Newser) - A Las Vegas comeback could be in the cards for Michael Jackson if a private equity firm has its way, the Wall Street Journal reports. A firm that owns the Las Vegas Hilton and a big stake in a casino company bought $23 million of Jackson's debt last month and... More »

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private equity • Las Vegas • singer • Michael Jackson • private equity firms • Neverland • comeback


 Icahn Eyeing
 Proxy Battle
 for Yahoo 

Billionaire investor has bought 50 million shares since Microsoft backed off

May 14, 08 8:02 AM CDT
(Newser) - Billionaire Carl Icahn, fresh off his successful battle to reshuffle Motorola’s board, may launch a proxy fight for control of Yahoo after buying some 50 million shares of Yahoo since Microsoft’s failed takeover bid, reports the Wall Street Journal. The deadline for board nominations is Thursday. Icahn may... More »

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private equity • Yahoo • Microsoft • Carl Icahn • proxy battle

Clear Channel, Buyers Sue Banks Over Soured Deal

Equity firms claim lenders backtracked on financing takeover of broadcast giant

Mar 26, 08 6:02 PM CDT
(Newser) - The two private-equity firms set to buy Clear Channel sued the group of banks they had engaged to fund the deal, the Wall Street Journal reports. Joined by Clear Channel, Bain Capital and Thomas H. Lee Partners accused the consortium—including Citigroup, Deutsche Bank, and Wachovia—of breaching contract by... More »

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private equity • Citigroup • Credit Suisse • Royal Bank of Scotland • mergers and acquisitions • Clear Channel • Bain Capital • Thomas H. Lee Partners • leveraged buyouts • Morgan Stanley • Deutsche Bank

Carlyle Near Collapse After Defaulting
on $16B

Big banks put screws
to overextended fund

Mar 13, 08 7:31 AM CDT
(Newser) - Carlyle Capital announced overnight that it is defaulting on $16.6 billion in debt, and its creditors are likely to take possession of its remaining assets. The latest casualty of the credit catastrophe is a major embarrassment for Carlyle Group, the private equity firm whose executives own 15% of the... More »

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private equity • Carlyle Group • credit crisis • Carlyle Capital

As Margin
Calls Mount, Carlyle Holds
'Crisis Talks'

Private equity giant's subsidiary imperiled

Mar 10, 08 12:40 PM CDT
(Newser) - The Carlyle Group is holding emergency talks with lenders to try to save its drowning Carlyle Capital division, the Washington Post reports. Creditors have decided that Carlyle’s portfolio of traditionally safe mortgage-backed securities holdings isn’t good enough in the current market, and they're demanding $400 million more... More »

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private equity • Carlyle Group • credit market • mortgage loans • mortgage backed securities • housing crisis • subprime crisis

Soured Deals Dog Brash Cerberus

Chrysler, GMAC struggles point to problems for private equity giant

Feb 25, 08 1:15 PM CST
(Newser) - The continued struggles of Chrysler and GMAC—two of Cerberus Capital Management’s largest and most recognized purchases—have observers wondering if the private equity darling has lost its Midas touch, reports Reuters. S&P has downgraded GMAC’s credit rating, Chrysler's January sales slipped 12% even as the company... More »

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private equity • Chrysler • Cerberus Capital Management • General Motors • Stephen Feinberg • GMAC • AerCap Holdings • Teleglobe International

Markets Drop
as KKR Unit Delays Payment

Concern about liquidity in the US has investors selling off in Asia

Feb 20, 08 7:21 AM CST
(Newser) - Asian stocks slumped today after reports in the Financial Times that a struggling arm of private equity heavyweight Kohlberg Kravis Roberts. missed a second payment on billions of dollars of commercial debt just 6 months after two of its founders poured $270 million into the company. Investors cashed out as... More »

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private equity • stock market • subprime mortgages • Kohlberg Kravis Roberts • KKR • Henry Kravis • Asian markets • commercial paper • subprime crisis

Sallie Mae Drops $900M Lawsuit

Move helps struggling student loan provider obtain $31B in financing

Jan 29, 08 9:31 AM CST
(Newser) - Beleaguered student loan provider Sallie Mae yesterday dropped its $900 million lawsuit against the onetime suitors who bailed on a $25.3 billion buyout after the credit crunch caused would-be investors to walk away, reports the Washington Post. By agreeing not to seek the penalty from investment firm JC Flowers... More »

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private equity • Sallie Mae • student loans • Bank of America • lawsuit • credit crisis • JC Flowers and Co • SLM Corp • JPMorgan Chase

Jamba Founders Buy Stake In Facebook

Samwer brothers join Microsoft in social networking venture

Jan 16, 08 12:29 AM CST
(Newser) - Brothers Alexander, Marc and Oliver Samwer, founders of ring tone company Jamba, have just joined Microsoft and Hong Kong billionaire Li Ka Shing as major investors in US based social networking company Facebook. Though the Samwers' haven't disclosed the exact size of their investment, they told Der Spiegel  it was... More »

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social networking • private equity • Microsoft • Facebook • investment round

PHH Deal Collapses After Banks Back Off

Blackstone Group says lenders reneged on original financing terms

Jan 2, 08 7:27 AM CST
(Newser) - The $1.8 billion sale of mortgage and auto-leasing company PHH to General Electric and  the Blackstone Group is off the table, after Blackstone was snubbed by banks it had lined up for its share of financing, Bloomberg reports. The deal is the latest private-equity buyout felled by the subprime... More »

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private equity • Blackstone Group • GE • PHH

Student Lender Sallie Mae Plans $2.5B Stock Sale

Embattled stock drops 6.5% as investors fret

Dec 27, 07 7:37 AM CST
(Newser) - With a credit rating bordering on junk-bond status, embattled student loan provider Sallie Mae plans a public stock offering to raise $2.5 billion, reports the Wall Street Journal. The company will use $2 billion to buy back its own stock futures, which have lost value recently following a failed... More »

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private equity • Sallie Mae • subprime mortgages • SLM Corp

House Passes Alternative Minimum Tax Bill

But bill is unlikely to make it through the Senate unchanged

Nov 10, 07 6:23 AM CST
(Newser) - The House passed a sweeping tax-reform bill yesterday—shifting some $78 billion in taxes from middle-class families to the super-rich—that is expected to get little traction in the Senate and has already drawn the promise of a presidential veto. The bill would exempt middle-income families from the Alternative Minimum... More »

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Nancy Pelosi • private equity • Democrats • House of Representatives • hedge fund • Charles Rangel • Alternative Minimum Tax

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