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October 11, 2008 12:15:27 AM CDT

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Stories related to: private equity firms

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11 Stories

  • September 2008

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

      Financial Times (UK)  |  Sep 30, 08 6:10 AM CDT

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

      (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 Lehman collapsed several potential buyers were considering paying three times as much, reports the Financial Times . More »

      Tags

      Lehman Brothers  • private equity  • Bain Capital  • private equity firms  • asset management

  • July 2008

    • Lone Star Buys Big at Mortgage Fire Sale

      Wall Street Journal  |  Jul 30, 08 11:48 AM CDT

      Lone Star Buys Big at Mortgage Fire Sale

      (Newser) - Lone Star Fund is looking to profit from the castoffs of the credit meltdown, buying billions of marked-down assets and betting on just some of them to rebound, reports the Wall Street Journal . The Dallas-based private-equity firm run by John Grayken has closed a deal on $6.7 billion in Merrill Lynch mortgage backed assets once valued at $30.6 billion. More »

      Tags

      Merrill Lynch  • mortgage debt  • private equity firms  • CDO  • Lone Star

  • June 2008

    • Investors Throw Dice on Jacko's Vegas Comeback

      Wall Street Journal  |  Jun 13, 08 8:46 AM CDT

      Investors Throw Dice on Jacko's Vegas Comeback

      (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 is now in talks with the singer about an Elvis- or Celine-style residency on the Strip. More »

      Tags

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

  • April 2008

    • $6B From Outside Investors Will Shore Up Wachovia

      Wall Street Journal  |  Apr 13, 08 10:48 PM CDT

      $6B From Outside Investors Will Shore Up Wachovia

      (Newser) - Ailing bank Wachovia will get a $6 billion-$7 billion shot in the arm from outside investors, the Wall Street Journal reports. Specifics of the capital infusion, designed to help the company recover from the credit crisis, haven’t been finalized. Details may be revealed when the company reports first-quarter earnings Monday; it moved the announcement up from Friday without explanation. More »

      Tags

      credit crisis  • Wall Street  • Wachovia  • Washington Mutual  • sovereign wealth funds  • private equity firms  • mortgage loans

  • January 2008
  • December 2007

    • Ingersoll-Rand to Buy Trane for $10B in Cash and Stock

      Wall Street Journal  |  Dec 17, 07 11:15 AM CST

      Ingersoll-Rand to Buy Trane for $10B in Cash and Stock

      (Newser) - In what would be the largest industrial acquisition since 1999, Ingersoll-Rand has agreed to buy Trane for $10.1 billion, creating the second-largest manufacturer of air conditioners and climate-control systems in the world, the Wall Street Journal reports. The deal requires regulatory and shareholder approval but little borrowing, because I-R recently sold assets for $6.2 billion. More »

      Tags

      mergers and acquisitions  • private equity firms  • Ingersoll Rand

  • November 2007

    • US Equity Firms Face Local Competition

      Financial Times (UK)  |  Nov 14, 07 2:59 PM CST

      US Equity Firms Face Local Competition

      (Newser) - Increasing wealth worldwide will breed competitors for US private equity funds accustomed to being the only players in the lucrative buyout market, the Financial Times reports. “It is not preordained that the US will dominate private equity globally,” said the founder of one such firm, adding that governments could play a role in bankrolling private equity funds in Asia. More »

      Tags

      buyout  • private equity firms  • buyout firms

  • October 2007
  • September 2007

    • $25B Sallie Mae Buyout on the Rocks

      Wall Street Journal  |  Sep 27, 07 9:52 AM CDT

      $25B Sallie Mae Buyout on the Rocks

      (Newser) - Sallie Mae doesn’t look like such a bargain at $25 billion anymore, and J.C. Flowers & Co. is trying to renegotiate—or escape—its deal to acquire the student lender, citing the credit market implosion and legislation to reform student loan practices. It’s the kind of deal once considered unbreakable, the Wall Street Journal says, but private equity is in disarray. More »

      Tags

      credit market  • private equity  • student loans  • private equity firms  • Sallie Mae  • JC Flowers and Co

    • Nursing Homes Raise Profits, Cut Care

      New York Times  |  Sep 23, 07 5:04 PM CDT

      Nursing Homes Raise Profits, Cut Care

      (Newser) - Caring for grandma has become big business for private firms that are buying nursing homes and making them profit generators. But to do it, they’ve severely cut staff—sometimes below legal levels, the New York Times found. “Chains have made a lot of money by cutting nurses,” said one analyst, “but it’s at the cost of human lives.” More »

      Tags

      private equity  • elderly  • senior citizens  • private equity firms  • nursing homes  • eldercare  • nursing

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