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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: private equity

private equity stories: 96 news summaries

61 - 80 of 96 Stories | << Prev 1 2 3 4 5 Next >>

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$24B Buyout Buzz Boosts Macy's Shares

KKR and Goldman
considering offer

Jul 19, 07 4:50 AM CDT
(Newser) - Shares in Macy's soared amid reports of a pending $24-billion buyout plan by KKR and Goldman Sachs, reports Bloomberg. Stock rose $3.06—7.6%—to $43.09 after Women's Wear Daily reported the news. The Wall Street firms would pay $52 a share—a 30% premium on Wednesday's close,... More »

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private equity • Goldman Sachs • Kohlberg Kravis Roberts • KKR • acquisition • Macy's • buyout

Private-Equity $$ Flow to GOP

Firms shift money as Dems back higher taxes on industry

Jul 17, 07 3:36 PM CDT
(Newser) - As Democrats push higher taxes for private-equity firms, the firms are reciprocating by  funneling more money to the other side of the aisle, the Wall Street Journal reports. Figures for 2008 presidential campaign giving show GOP contenders receiving 53% of donations made by private-equity funds. In 2000 and 2004, Democrats... More »

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private equity • private equity firms • Election 2008

Funds Can't Find Friends in Anti-Tax Fight

As Senate starts tax hearings, masters of the universe find they're short on pals

Jul 11, 07 9:01 AM CDT
(Newser) - Wall Street's hedge-fund and private-equity titans are looking for allies in their fight to prevent a tax hike on profits—but they're having trouble recruiting, today's Journal reports. As the first Senate hearings on the proposed hikes get under way, representatives from venture capital, public pension funds, and investment firms... More »

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Congress • private equity • income tax • Senate • pensions • REITs • hedge fund • carried interest • capital gains tax • venture capital

CVC Makes $2B Play for Univar

Private equity firm sets sights on US market with purchase of chemical supplier

Jul 9, 07 10:52 AM CDT
(Newser) - Europe's second-largest private equity fund will purchase Univar, one of the world's biggest chemical distributors, in a deal worth $2.1 billion (€1.52 billion), Bloomberg reports. CVC Capital Partners will pay €53.50 per share, a nearly 40% premium over Friday's closing price, to acquire the largest... More »

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private equity • CVC Capital • Univar NV

Euro Hotels
Hot After
Blackstone Deal

Stocks soar on speculation of more private equity buyouts

Jul 5, 07 4:34 AM CDT
(Newser) - Investors are snapping up shares of some Europe's biggest hotel chains, the Financial Times reports, as the market bets that more private equity firms will tuck into new cross-Atlantic deals. They're inspired by Blackstone's $26 billion Hilton offer, and a banner year for hotel buyouts more generally. More »

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private equity • Blackstone Group • Europe • Accor • Sol Melia • hotel • Hilton • Intercontinental

Blackstone Books Hilton For $26B

Offer represents 40% premium; chain to stick to hotel management

Jul 3, 07 8:38 PM CDT
(Newser) - Blackstone moved to expand its hotel portfolio in a big way late today, making a deal to take Hilton private for $26 billion, including $7.5 billion in debt. The $47.50 per share offer, 40% more than yesterday's close, turned the head of the chain's CEO, who called it... More »

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private equity • Blackstone Group • privatization • Wyndham • hotel • Hilton • LaQuinta

KKR Makes
IPO Official

Private equity behemoth follows Blackstone into
the public pool

Jul 3, 07 7:34 PM CDT
(Newser) - Undeterred by the possibility of potentially devastatingly tax-law changes, Kohlberg Kravis Roberts firmed up its IPO plans today, filing SEC documents that value the issue at up to $1.25 billion. The private (for now) equity firm said it will list as a partnership, like archrival Blackstone, which went public... More »

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private equity • Blackstone Group • private equity goes public • Kohlberg Kravis Roberts • KKR • IPO

BCE Agrees to Landmark LBO

Ontario teachers' retirement fund lines up largest Canadian takeover ever

Jul 1, 07 10:24 AM CDT
(Newser) - Canada's dominant telecom company will go private in the country's biggest takeover ever, and one of the largest LBOs in the world. A powerful teachers' retirement fund and two American private-equity firms made a deal yesterday for CBE, also known as Bell Canada. The $48.5 billion (C$51.7 billion)... More »

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private equity • Canada • Bell Canada • privatization • telecom • takeover • Madison Dearborn • buyout • LBO • retirement fund • CBE • Providence Equity • teacher

Wall Street, GOP Team Up on Tax Bill

Proposal would raise tax rate for  private-equity profits from 15% to 35%

Jun 28, 07 8:52 AM CDT
(Newser) - Wall Street stormed Washington yesterday, as more than 70 lobbyists for financial firms met with GOP lawmakers to organize opposition to a bill that would raise the tax rate on private-equity partners. The proposal would require managers at private partnerships to pay the normal income tax rate of up to... More »

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private equity • Wall Street • Republican • taxes • GOP • Henry Paulson • finance

KKR Joins
IPO Party

After Blackstone's triumph, barbarians
at the public gate

Jun 22, 07 9:05 AM CDT
(Newser) - Corporate raiders Kohlberg Kravis Roberts & Co. have announced an initial public offering, on the heels of a wildly successful $34B IPO by rival Blackstone yesterday. The mammoth LBO group, whose boss Henry Kravis maintains a well known rivalry with Blackstone's Stephen Schwarzmann, waited to make sure Blackstone swam before... More »

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private equity • Stephen Schwarzman • Blackstone Group • finances • taxes • investors • KKR • Henry Kravis • IPO

Blackstone IPO Fetches $4.13B

Private equity giant enjoys largest US debut in 5 years; Schwarzman enjoys largest share

Jun 21, 07 5:05 PM CDT
(Newser) - The Blackstone Group went public today, selling 133.3 million shares at $31 and raking in $4.13 billion, the largest American IPO since 2002. The keenly anticipated issue values the private equity firm, founded by Stephen Schwarzman 27 years ago with $400,000, at $33.5 billion; the price... More »

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private equity • Blackstone Group • Carlyle Group • stocks • KKR • Steve Schwarzman • Peter Peterson • IPO

Private Equity Pounces on Nuveen

$5.75B Madison Dearborn offer is
highest ever for asset-management firm

Jun 20, 07 1:32 PM CDT
(Newser) - Private equity fund Madison Dearborn has made the biggest-ever play for an asset management firm, offering $5.75 billion to buy out Chicago-based Nuveen Investments. The $65-per-share offer—a 20% premium over Nuveen's closing price yesterday—signals the growing demand for cash-rich money-management firms as buyout targets. More »

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private equity • LBOs • Nuveen Investments • asset management • Madison Dearborn • buyout

Gambling Firm Agrees to Buyout

Penn National Gaming changes hands for $8.9B

Jun 15, 07 4:08 PM CDT
(Newser) - The casino-operator buyout spree continued today as Penn National Gaming agreed to be acquired by two private-equity firms for $8.9 billion. The deal, which allows the company to solicit bids for 45 days, includes $2.8 billion in debt. News of the $67-a-share offer, a 31% premium over yesterday's... More »

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private equity • business • stocks • Penn National Gaming • Fortress Investment Group • Centerbridge Partners • Harrah's • privatization • casino • acquisition

Senate Puts Blackstone on Notice

Tax maneuver may derail IPO, transform private equity

Jun 15, 07 12:48 PM CDT
(Newser) - Less than 2 weeks ahead of Blackstone's IPO, bipartisan legislation introduced in the Senate yesterday threatens to hamper or halt the avidly anticipated stock sale. The private equity behemoth's tax bill would more than double if the measure—under which partnerships like Blackstone would pay the 35% corporate rate rather... More »

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private equity • Blackstone Group • taxes • Senate • IPO • stock • hedge fund

KKR Buyout Spree Hits a Snag

Traditional investors tapped out; equity firm looking elsewhere

Jun 12, 07 4:31 PM CDT
(Newser) - Buyout giant KKR's $26B acquisition of electronic payment processor First Data Corp is not going smoothly, reports the Wall Street Journal. Once enthusiastic investors are shying away from private equity deals as interest rates steepen. "We have enough exposure to KKR already," said one major financier. More »

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investing • private equity • Kohlberg Kravis Roberts • KKR • First Data Corp. • Henry Kravis • acquisition • hedge fund • buyout

Blackstone Honchos Cash In on IPO

Barbarians at the gate will arrive flush with cash—$2.33B of it

Jun 11, 07 9:04 AM CDT
(Newser) - And the billionaires get richer. Blackstone founders Steve Schwarzman and Pete Peterson will collect a combined $2.33 bil from the private equity giant's planned IPO, which could take place as early as late June. Schwarzman will keep a 24% stake in the $32B company, worth just under $450M, and... More »

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private equity • Blackstone Group • LBOs • Steve Schwarzman • IPO • Pete Peterson

Sallie Mae
Chief Quits

Equity firm pressured loan giant CEO to step down, ease buyout

May 23, 07 5:52 AM CDT
(Newser) - The CEO of student loan giant Sallie Mae resigned unexpectedly yesterday in the midst of a $25 billion buyout by a private equity firm. The Wall Street Journal reports that Thomas J. Fitzpatrick was pressured out to stave off Congressional criticism of the buyout by J.C. Flowers and Co,... More »

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private equity • Sallie Mae • student loans • merger • loans • acquisition • Thomas J. Fitzpatrick • J.C. Flowers and Co • student

Kerkorian Bets on Bellagio

Billionaire who controls MGM Mirage makes bid for its two hottest assetsi

May 22, 07 2:54 PM CDT
(Newser) - Activist investor Kirk Kerkorian, who holds a controlling interest in MGM Mirage, is making a play to buy two of the casino company's crown jewels. Kerkorian's company, Tracinda Corp., is in talks to acquire MGM's Bellagio Casino and the $7.4 billion CityCenter development, currently under construction. Kerkorian currently owns... More »

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private equity • Kirk Kerkorian • investors • Bellagio • MGM Mirage • Tracinda Corp. • privatization • CityCenter

Hedge Funds Skip Riskier Gambles

Returns are down
as more cautious investors hold sway

May 22, 07 11:52 AM CDT
(Newser) - Are hedge funds going soft? The swashbuckling industry has long been known for its high-risk, high-rewards MO, but returns are down, on average trailing the S&P 500 last year. The reason, BusinessWeek suggests, may be that alternative investments are no longer so alternative. And other non-traditional investments, like private... More »

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private equity • money • investments • finance • hedge fund

Private Equity Binge Goes Wireless

Goldman Sachs, Texas Pacific Group will buy Alltel for $27.5B

May 21, 07 10:18 AM CDT
(Newser) - A consortium led by the Texas Pacific Group and Goldman Sachs yesterday snapped up the nation's fifth-largest wireless provider for $27.5 billion, the largest telecom buyout ever. The $71.50 per share offer for Alltel awaits shareholder and regulatory approval and comes weeks before a scheduled auction for the... More »

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private equity • Goldman Sachs • Texas Pacific Group • leveraged buyouts • business • telecom • acquisition • Alltell

61 - 80 of 96 Stories | << Prev 1 2 3 4 5 Next >>


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