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July 23, 2008 9:02:07 PM CDT

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Private Equity track this thread

Started by Imperator; Last updated May 17, 08 9:55 AM CDT by SeacoastNH | View history

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Private Equity

Taking public companies private was the hot new paradigm in mergers and acquisitions, until the credit crisis walloped the markets, and a lot of hot deals suddenly cooled

Stories

Stories 1 - 20 of 116

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  • July 2008

    • Demonizing Shorters Won't Save the Likes of Lehman

      newser  |  New York  |  Jul 19, 08 9:34 AM CDT

      Demonizing Shorters Won't Save the Likes of Lehman

      Short-sellers have the power to utterly crush Lehman Brothers, as they did Bear Stearns, writes James Cramer in New York , but it's largely Lehman's own fault. Lehman shares much of the "mismanagement, arrogance and recklessness" that brought down Bear, Cramer opines in a piece that says excoriating short-selling hedge funds for running down Lehman stock, and accusing them of manipulation, misses the point. More »

    • Dow Chemical Drops $15.3B on Rohm & Haas

      newser  |  Wall Street Journal  |  Jul 10, 08 8:46 AM CDT

      Dow Chemical Drops $15.3B on Rohm &amp; Haas

      In what may be the beginning of a long-anticipated consolidation of the chemical industry, Dow Chemical today said it was buying coatings and electronic-materials company Rohm & Haas in a $15.3 billion all-cash deal, reports the Wall Street Journal. Dow is backed by $3 billion from Warren Buffett's Berkshire Hathaway—the second time in past months that the Oracle of Omaha has assisted in a buyout. More »

    • Start-Ups Hungry for Cash in IPO Drought

      newser  |  Wall Street Journal  |  Jul 1, 08 1:49 PM CDT

      Start-Ups Hungry for Cash in IPO Drought

      Silicon Valley IPOs are suddenly an extremely rare beast, driven nearly to extinction by the sputtering economy, the Wall Street Journal reports. The first quarter has seen just five venture-backed offerings, compared to 31 last quarter. “The economics have been destroyed for small-cap IPOs,” says the co-founder of Revolution Partners, one of a glut of new investment banks stepping in to help. More »

  • June 2008

    • For Venture Capitalists, Wells Run Dry

      newser  |  New York Times  |  Jun 28, 08 10:04 AM CDT

      For Venture Capitalists, Wells Run Dry

      Wall Street has not been kind to venture capitalists in the second quarter. For the first time since 1978, not one company they backed went public, taking away their source of big paydays, the New York Times   reports. Observers cite a number of reasons, including lousy market conditions, a shift to investment in alternative energy companies that require time, and a lack of investor interest in the ventures themselves. More »

    • Angel Investors Profit From Slumping Markets

      newser  |  Portfolio  |  Jun 18, 08 4:26 PM CDT

      Angel Investors Profit From Slumping Markets

      The bearish market hasn't stopped angels from acting like bulls, Portfolio reports. Angel investors, those who fund start-ups and small companies, are profiting from Wall Street's woes: Reduced private equity funding has made angels the go-to source for capital, improving their bargaining position and giving them more chances to invest. More »

    • Investors Throw Dice on Jacko's Vegas Comeback

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

      Investors Throw Dice on Jacko's Vegas Comeback

      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 »

  • May 2008

    • CBS Shells Out $1.8B to Buy CNET

      newser  |  Wall Street Journal  |  May 15, 08 8:33 AM CDT

      CBS Shells Out $1.8B to Buy CNET

      CBS has agreed to buy CNET for $1.8 billion, the Wall Street Journal reports. The merger comes just as CNET was facing a full-scale shareholder revolt. Now, those investors are getting $11.50 a share, a price the stock hasn’t touched in two years and a 45% premium on yesterday’s close. Those shares immediately soared to $11.30 in premarket trading. More »

    • Icahn Grabs Yahoo Stake, Could Try to Force Sale

      newser  |  Wall Street Journal  |  May 13, 08 5:39 PM CDT

      Icahn Grabs Yahoo Stake, Could Try to Force Sale

      A new player has entered the Microsoft-Yahoo epic, the Wall Street Journal reports: billionaire investor Carl Icahn. He has bought about a 4% stake in Yahoo since Microsoft withdrew its offer to buy on May 3. Icahn will decide by tomorrow whether to launch an attempt to take over Yahoo's board and perhaps force a sale. More »

    • Economy Has Venture-Capital Scene Looking in Mirror

      newser  |  San Jose Mercury News  |  May 12, 08 11:56 AM CDT

      Economy Has Venture-Capital Scene Looking in Mirror

      Economic troubles that have meant fewer IPOs and less-lucrative mergers have the venture-capital industry in upheaval, the San Jose Mercury News reports after last week's Silicon Valley gathering of VC players. Many believe the moneyed backers must treat entrepreneurs better for prospects to remain lively. Yet, though returns have turned negative, the firms are still attracting investors.  More »

  • April 2008

    • Startup Flops Leave Little Trace Beyond For-Sale Sign

      newser  |  Boston Globe  |  Apr 28, 08 2:11 PM CDT

      Startup Flops Leave Little Trace Beyond For-Sale Sign

      A failed start-up doesn't spell purgatory for entrepreneurs with the right connections, the Boston Globe reports. Take Mort Rosenthal, who struck gold in the 1980s as a software entrepreneur, only to launch two flops—one in alternative medicine, the other in cell-phone retail—with millions in lost venture capital. Now he's back in the game with a business backed by $20 million Microsoft dollars. More »

    • $6B From Outside Investors Will Shore Up Wachovia

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

      $6B From Outside Investors Will Shore Up Wachovia

      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 »

    • Murdoch Heir's Deal for Aussie Media Mainstay Falls Apart

      newser  |  The Australian  |  Apr 7, 08 9:32 AM CDT

      Murdoch Heir's Deal for Aussie Media Mainstay Falls Apart

      A $3 billion bid for control of Australia's Consolidated Media Holdings by Rupert Murdoch’s son, Lachlan, is dead in the water after Murdoch’s financial backers and CMH—a major magazine and TV player—failed to agree to a price for the takeover, the Australian reports today. The original deal set a $4.80 share price; Murdoch’s equity partners, Providence Equity Partners, would only pay $4.60. More »

    • Sinking Market Forces New Venture-Capital Strategies

      newser  |  CNET  |  Apr 3, 08 4:25 PM CDT

      Sinking Market Forces New Venture-Capital Strategies

      Venture capitalists are watching economic indicators carefully, trying to find safer places to put their mountains of money, CNET reports. The stats on first-quarter VC activity will land soon, and though experts don't expect dollar totals to have waned, players are “under pressure to invest in quality companies that have a clear business model,” one watcher said. More »

  • March 2008

    • $19B Buyout of Clear Channel Nearly Dead

      newser  |  Wall Street Journal  |  Mar 25, 08 7:30 PM CDT

      $19B Buyout of Clear Channel Nearly Dead

      A $19 billion bid to privatize Clear Channel appears likely to fall through as buyers and financiers bicker—with credit-crunch-induced liquidity woes a major stumbling block, the Wall Street Journal reports. A credit agreement between private equity firms and the banks funding the move has become shaky. “No one wants to do this deal except for the seller,” said a source. More »

    • Auction-Rate Troubles Hit Silicon Valley Startups

      newser  |  Wall Street Journal  |  Mar 14, 08 10:46 AM CDT

      Auction-Rate Troubles Hit Silicon Valley Startups

      A freeze in the market for a type of securities known as auction-rate securities may cause big cash-flow problems for many Silicon Valley startups. A number of private companies have large chunks of cash tied up in the securities, reports the Wall Street Journal . Now, buyers have dried up and they may have to sell at a big loss, if at all. More »

    • Carlyle Near Collapse After Defaulting on $16B

      newser  |  Wall Street Journal  |  Mar 13, 08 7:31 AM CDT

      Carlyle Near Collapse After Defaulting on $16B

      Carlyle Capital announced overnight that it is defaulting on $16.6 billion in debt, and its creditors are likely to take possession of its remaining assets. The latest casualty of the credit catastrophe is a major embarrassment for Carlyle Group, the private equity firm whose executives own 15% of the fund, reports the Wall Street Journal . Carlyle's fall demonstrates how the world's biggest banks are now playing hardball with their best clients. More »

    • Landmark NY Library to Be Renamed for Donor

      newser  |  New York Times  |  Mar 11, 08 3:30 AM CDT

      Landmark NY Library to Be Renamed for Donor

      Following the style of sports stadiums, Manhattan's stately beaux arts library on Fifth Avenue will be renamed for a key contributor to a billion-dollar expansion of the library system. Private equity king Stephen Schwarzman is giving the library $100 million from his several-billion-dollar fortune, reports the New York Times . Schwarzman, 61, chief executive of the Blackstone Group, says renaming the landmark building—with plans to etch his moniker into the facade—was not his idea. More »

    • As Margin Calls Mount, Carlyle Holds 'Crisis Talks'

      newser  |  Washington Post  |  Mar 10, 08 12:40 PM CDT

      As Margin Calls Mount, Carlyle Holds 'Crisis Talks'

      The Carlyle Group is holding emergency talks with lenders to try to save its drowning Carlyle Capital division, the Washington Post reports. Creditors have decided that Carlyle’s portfolio of traditionally safe mortgage-backed securities holdings isn’t good enough in the current market, and they're demanding $400 million more in collateral. Some have declared Carlyle Capital in default and may have sold $5 billion in assets. More »

  • February 2008

    • Credit Crunch May Worsen Fast

      newser  |  Wall Street Journal  |  Feb 11, 08 2:45 PM CST

      Credit Crunch May Worsen Fast

      The worst of the credit crunch may not be over, bankers and analysts warn. Low-rated corporate loans have recently been plunging in value, which could lead to banks rushing to dump the loans at low prices, reports the Wall Street Journal . As a result, investors may back off securities backed by loans, bonds, and even commercial real estate. More »

  • January 2008

    • Investors Worry Clear Channel Sale Is Off the Air

      newser  |  Wall Street Journal  |  Jan 30, 08 3:22 PM CST

      Investors Worry Clear Channel Sale Is Off the Air

      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 »

Stories 1 - 20 of 116

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Filer from 1992 shows American Finance magnate Kirk Kerkorian. Billionaire investor Kirk Kerkorian is proposing to pay $4.5 billion in cash for Chrysler, as parent DaimlerChrysler AG examines what to...   (Associated Press)
Billionaire real estate investor Sam Zell smiles during an interview in Chicago in this March 20, 2007 file photo. Tribune Co. has accepted a buyout offer from real estate investor Sam Zell in a deal...   (Associated Press)
This image obtained 19 March, 2007 shows chairman and CEO of Blackstone   (Getty Images)
(FILES) US flags flutter in the wind underneath a sign displaying...   (Getty Images)
  (Index Stock (http://www.indexstock.com))
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Jeff Immelt on the Impact of Private Equity   (cnportfolio (YouTube))

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Related Threads

Mergers & Acquisitions  •  Blackstone Goes Public  •  Chrysler  •  Credit Market Chaos  •  DaimlerChrysler Split  •  Downtrodden Detroit  •  Hedge Funds  •  The Markets  •  Subprime Collapse  •  Auto Industry

Background

Private Equity: Past, Present, Future
Sethi, Arjun

PDF available for download.

» Read more about Private Equity: Past, Present, Future at Sethi, Arjun

Biography of Kirk Kerkorian
Wikipedia

Kirk Kerkorian (born June 6, 1917) is an Armenian American billionaire, and president/CEO of Tracinda Corporation, his private holding company based in Beverly Hills, California. Kerkorian is known as one of the important figures in shaping the city of Las Vegas, Nevada, and the "father of the megaresort."...

» Read more about Biography of Kirk Kerkorian at Wikipedia

Sam Zell Biography
Milken Institute

Sam Zell is Chairman of Equity Group Investments LLC. He began his career in real estate while a university student and soon thereafter founded his current company, an entrepreneurial investment firm based in Chicago. Zell is also chairman of the board of various corporations, including Anixter International,...

» Read more about Sam Zell Biography at Milken Institute

Hoover's Fact Sheet for Carlyle
Hoover's

The Carlyle Group, with more than $50 billion under management, is one of the world's largest private investment firms. Moreover, it seems that Carlyle likes to keep all options open: Undertakings include management-led buyouts, minority equity investments, real estate, venture capital, and leveraged...

» Read more about Hoover's Fact Sheet for Carlyle at Hoover's

Hoover's Fact Sheet for Blackstone
Hoover's

The Blackstone Group is coming out. Founded in 1985 by industry veterans Peter Peterson and Stephen Schwarzman, the once-secretive company laid bare its finances and corporate structure in filing one of the biggest IPOs in the history of mankind. The massive private equity firm owns stakes in more than...

» Read more about Hoover's Fact Sheet for Blackstone at Hoover's

Hoover's Fact Sheet on KKR
Hoover's

The barbarians at the gate are now knocking politely. The master of the 1980s buyout universe, Kohlberg Kravis Roberts (KKR) has shed its hostile takeover image for a kinder, gentler, buy-and-build strategy. The firm assembles funds from institutional and wealthy investors and profits from management...

» Read more about Hoover's Fact Sheet on KKR at Hoover's

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