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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: buyout firms

buyout firms stories: 5 news summaries

Simmons Bankruptcy: Study in Private Equity Run Amok

Buyout firms profited as mattress maker saw its debt skyrocket

Oct 5, 09 7:30 AM CDT
(Newser) - The mattress company Simmons will be filing for bankruptcy protection soon, wiping out bondholders and jeopardizing more jobs at a company that's already fired a quarter of its work force. While Simmons watched its debts balloon nearly tenfold since 1991, a string of private equity firms bought and sold the... More »

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private equity • bankruptcy • Thomas H. Lee Partners • credit market • buyout firms • mattress

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

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 »

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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 »

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

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