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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: private equity

private equity stories: 96 news summaries

81 - 96 of 96 Stories | << Prev 1 2 3 4 5

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China to Buy $3B Stake
in Blackstone

Beijing moves onto
Wall Street with historic deal

May 21, 07 7:18 AM CDT
(Newser) - The Chinese government will buy a 9.9% stake in Blackstone, the US private equity fund that's about to launch its IPO. The $3 billion purchase of nonvoting shares, the first time China has invested its enormous foreign reserves in commercial stock, is meant to exploit a private equity market... More »

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China • private equity • Stephen Schwarzman • Blackstone Group • business • IPO • stock

(Newser) - After months of stops and starts, Clear Channel's board today gave the green light to a $19.5 billion buyout offer. The communications giant bit after Thomas H. Lee Partners and Bain Capital, which have been bidding since November, gained the backing of two large shareholders. The successful offer was... More »

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private equity • radio • Clear Channel • Bain Capital • Thomas H. Lee Partners • shareholders • business • privatization • communication

Blackstone Makes $7.8B Deal for Alliance

Private equity continues to pour into financial processing

May 17, 07 2:55 PM CDT
(Newser) - Blackstone has snapped up credit card services provider Alliance Data for $7.8 billion, joining a surge of private equity into dull but profitable back-office firms. The 30% above-market offer for Alliance, which also runs a data processing unit, is the latest in a wave of takeovers in the financial-processing... More »

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private equity • Blackstone Group • takeovers • Alliance Data Systems Corp. • merger • business • KKR • First Data • privatization • acquisition

Private Equity Firm Eyes Bausch & Lomb

Troubled contact lens giant fields $4.5B buyout offer

May 16, 07 11:34 AM CDT
(Newser) - Bausch & Lomb is seeing the private equity light at the end of the tunnel. After a year of costly recalls, accounting snafus, and lawsuits that have shaken the contact lens giant, B&L is entertaining a $4.5 billion offer—including $830 million in debt—from Warburg Pincus. The... More »

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private equity • takeovers • Bausch and Lomb • Warburg Pincus • business • stocks

Chrysler Sale Suggests New Deal for Detroit

Ford, GM see hope
for restructuring
labor costs

May 15, 07 7:41 AM CDT
(Newser) - The sale of Chrysler to private-equity firm Cerberus Capital Management could be a watershed for the entire industry, the Wall Street Journal predicts. Cerberus thinks it can make the embattled carmaker profitable by restructuring its debilitating $18-billion health care and pension liability. If it succeeds without resorting to bankruptcy—which... More »

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private equity • Chrysler • United Auto Workers • DaimlerChrysler • Cerberus Capital Management • General Motors • Detroit • stocks • Ford • auto industry

"Vulture Fund" Behind Chrysler Deal

May 14, 07 10:49 PM CDT
(Newser) - Der Spiegel vivisects Cerberus, the private equity group that won Chrysler for a relative bargain today from German auto giant Daimler. Financier Stephen Feinberg's 15-year-old firm has $60 billion in assets, and specializes in companies on the brink of bankruptcy. The group avoids the spotlight, recruits former CEOs and politicians,... More »

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private equity • Chrysler • DaimlerChrysler • Cerberus Capital Management • Daimler • Stephen Feinberg • auto industry

KKR Dominates in '07 Buyouts

With 44% of this year's private equity deals, is firm spending too much too fast?

May 14, 07 1:18 PM CDT
(Newser) - Private equity powerhouse KKR has been on a monumental spending spree this year, closing more than $120 billion in deals to date in 2007—more than twice its closest rival. Now the Financial Times wonders whether the veteran PE firm it may be hitting the market too forcefully. More »

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private equity • Goldman Sachs • Kohlberg Kravis Roberts • merger • business • KKR • acquisition

Daimler to Unload Chrysler in $7.4B Deal

German firm keeps minority stake
in American auto giant

May 14, 07 7:34 AM CDT
(Newser) - DaimlerChrysler has sold a majority stake in the Chrysler Group to the American private-equity firm Cerberus for $7.4 billion, the auto giant announced today. The deal unhooks the money-losing American arm of the international conglomerate from its German partner, which will retain a 19.9% stake in Chrysler and... More »

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private equity • Chrysler • United Auto Workers • DaimlerChrysler • Dieter Zetsche • Cerberus Capital Management • Daimler • auto industry • cars

Cerberus Close to Consuming Chrysler

Proving that three heads may be better than one

May 13, 07 10:10 PM CDT
(Newser) - Private equity firm Cerberus Capital Management is said to have cut a deal to buy Chrysler from DaimlerChrysler.  Cerberus has lots of experience in negotiating for assets in the auto industry, having led the buyout of auto parts maker Delphi, which has not yet closed and may yet fall... More »

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private equity • Chrysler • Delphi • DaimlerChrysler • Cerberus Capital Management • Magna International Inc. • acquisition • auto industry

(Newser) - Proving that size (or lack thereof) is no obstacle to the relentless march of private equity, Chicago’s best known and among its largest liquor stores, Sam’s Wines, sold 80% of itself to Chicago-based private equity company, Arbor Investments. More »

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private equity • Chicago • business • Sam's Wines • Arbor Investments

Reuters Takeover Rumors Fly

May 5, 07 8:00 AM CDT
(Newser) - Reuters is being wooed by a buyer, though the British information service is steadfastly mum on its suitor's identity. The WSJ predicts one of two outcomes: an intra-industry move from Canadian publishing powerhouse Thomson, or a swoop in by private equity, aimed at profiting off the company's steady cash flow. More »

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private equity • Rupert Murdoch • Reuters • Thomson • merger • takeover

Qantas Deal Crashes

May 5, 07 8:00 AM CDT
(Newser) - Qantas Airlines will keep flying solo, after what would have been the biggest airline takeover in history fell through yesterday evening. Airline Partners Australia, the private equity consortium that offered $11.1 billion for the company, failed to secure the 50% of stock it needed to move the deal to... More »

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private equity • Qantas • takeovers • acquisition • airline • Airline Partners Australia • hedge fund

Public Binge Predicted for Private Equity

Carlyle chief: All the big players will do
IPOs within 5 years

Apr 25, 07 2:09 PM CDT
(Newser) - Private equity giant Carlyle Group will likely go public within five years, its co-founder said at a conference yesterday. David Rubenstein predicted a sea-change for the industry, as fund founders cash out before they retire, the FT reports. More »

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private equity • Blackstone Group • Carlyle Group • David Rubenstein • Leon Black • business • money • Apollo Group

Loan Giant Sallie Mae Goes Private

Nation's largest student lender is
sold for $25 billion

Apr 17, 07 8:37 AM CDT
(Newser) - A group of investors is buying student lending giant Sally Mae for $25 billion, even as Capitol Hill debates reducing federal subsidies for student loans. The company—which began as a quasi-public agency—will be taken private by Bank of America, JPMorganChase, and private equity houses J. C. Flowers and... More »

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private equity • Sallie Mae • student loans • Bank of America • J. C. Flowers • business • finance • shares • Friedman Fleischer and Lowe • JPMorgan Chase

DaimlerChrysler Wants Divorce

Detroit legend's fate may be decided in a German boardroom -- but tk can't seem to get out of first gear

Apr 4, 07 4:22 PM CDT
(Newser) - DaimlerChrysler is trying to unload its clunky Detroit half, its CEO (and occasional company mascot) Dieter Zetsche confirmed at a shareholder's meeting today. The news, which comes after nearly two months of eager speculation, was a relief to frustrated German shareholders, who have long seen Chrysler as a drag on... More »

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private equity • Chrysler • health care costs • Blackstone Group • DaimlerChrysler • Dieter Zetsche • Cerberus Capital Management • Magna International Inc. • Detroit • business

Wall Street Tigers Bearish on Stocks

Investment club moves to hedge funds, private equity instruments

Mar 28, 07 7:37 AM CDT
(Newser) - Tiger 21—the elite investment club whose members have at least $10 million each — is moving away from stocks and into alternatives like hedge funds and private equity instruments. Michael Sonnenfeldt, Tiger 21 founder, reports that assets in stocks are down 10 percent from last year, based on members'... More »

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private equity • stock market • Wall Street • Michael Sonnenfeldt • stocks • investments • Tiger 21 • hedge fund

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