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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: private equity firms

private equity firms stories: 16 news summaries

China May Invest in
Bargain US Real Estate 

Sovereign-wealth fund to ramp up spending after quiet 2008

Sep 8, 09 4:11 PM CDT
(Newser) - China’s sovereign-wealth fund has its eyes on US real estate, the Wall Street Journal reports. China Investment Corp. laid low throughout 2008 as the global economy teetered but is now opening its coffers. And depressed US commercial property values—off 35% from their peak—coupled with cheap government... More »

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China • real estate • United States • recession • private equity firms • sovereign wealth funds • China Investment Corp • property values

Private Equity Players Want In on Banking

Fed resists easing restrictions on risky, cash-rich enterprises

May 6, 09 9:22 AM CDT
(Newser) - Even in the midst of the banking crisis, numerous entities are willing to buy the big banks, the New York Times reports. Private equity groups like J.C. Flowers & Company are itching to snap up the cash-strapped behemoths, but the Fed won’t let them. It’s worried... More »

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private equity • Federal Reserve • private equity firms • JC Flowers and Co • banking • banking industry

analysis

Private Equity Giants See Big Payday—If They Don't Go Bust

All the major players
have survived so far

Jan 2, 09 12:31 PM CST
(Newser) - None of the major players in the "shadow banking" world of private equity—the likes of Blackstone, Carlyle, and KKR—has yet gone bust, and the guessing game of which one will be first is well under way, reports Newser founder Michael Wolff in Vanity Fair. Don't hold your... More »

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private equity • Blackstone Group • Carlyle Group • KKR • private equity firms

Credit Crisis Spells Disaster for Private Equity Firms

Debt tightens as profits fall for many acquired companies

Nov 3, 08 11:30 AM CST
(Newser) - After a nearly 3-year buyout spree, private equity firms are facing tightened credit conditions just as slumping consumer spending squeezes many of their acquisitions, the New York Times reports. The leveraged-buyout bubble that culminated in $796 billion in deals in 2007 is bursting, leading to a grim reckoning as firms... More »

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private equity • leveraged buyouts • debt • buyout • credit crisis • private equity firms • financial crisis

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

Lone Star Buys Big at Mortgage Fire Sale

Texas fund grabs $6.7B in Merrill castoffs, is hungry for more

Jul 30, 08 11:48 AM CDT
(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... More »

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

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

$6B From Outside Investors Will Shore Up Wachovia

Bank selling discounted shares to combat credit crunch

Apr 13, 08 10:48 PM CDT
(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... More »

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

Investors Worry Clear Channel Sale Is Off the Air

Credit worries and a slumping stock price have Wall Street worried the deal is done

Jan 30, 08 3:22 PM CST
(Newser) - Optimism on Wall Street about Clear Channel's $19 billion equity buyout is fading and its share price is spiraling lower as the deal, more than a year in the making, appears to be unraveling—done in by regulatory issues, credit worries, and deteriorating industry conditions, the Wall Street Journal reports.... More »

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Wall Street • Clear Channel • Bain Capital • Thomas H. Lee Partners • private equity firms

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

I-R, flush with cash, makes a deal private equity players would love

Dec 17, 07 11:15 AM CST
(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... More »

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mergers and acquisitions • Ingersoll Rand • private equity firms • Trane

US Equity Firms Face Local Competition

Growing worldwide wealth means buyouts are anybody's game

Nov 14, 07 2:59 PM CST
(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... More »

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buyout • private equity firms • buyout firms

Blackstone Pushes to Delay Tax Increase Bill

If measure won't die, buyout giant wants 10-year grace period

Oct 23, 07 12:40 PM CDT
(Newser) - If Blackstone and other buyout firms can't kill a proposed bill that would increase their taxes, they'll try for a 10-year delay in enacting it. Under pressure from lobbyists, lawmakers are discussing doubling the proposed 5-year grace period, Bloomberg reports. The legislation, introduced before Blackstone went public in June, has... More »

MORE ABOUT:
Stephen Schwarzman • Charles Grassley • Blackstone • private equity firms • buyout firms • Max Baucus

Congress Drops Tax Hike for Private Equity

Superwealthy investors will get to keep tax breaks they now enjoy

Oct 9, 07 12:39 PM CDT
(Newser) - A proposed tax hike on some of America's wealthiest investors isn't likely to happen this year, as Senate Democrats say they're shelving a bill that would have eliminated the special tax rate enjoyed by private-equity managers. Senate Majority Leader Harry Reid says a crowded legislative calendar makes considering the bill—... More »

MORE ABOUT:
Congress • Blackstone Group • Senate • Harry Reid • Charles Rangel • Senate Finance Committee • lobbyists • private equity firms • lobbying blitz • buyout firms • Sander M. Levin

$25B Sallie Mae Buyout
on the Rocks

Credit market implosion leaves buyer looking for the door

Sep 27, 07 9:52 AM CDT
(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... More »

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

Nursing Homes Raise Profits, Cut Care

Private equity firms buying up, stripping down facilities

Sep 23, 07 5:04 PM CDT
(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,”... More »

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

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 »

MORE ABOUT:
private equity • private equity firms • Election 2008

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