Skip to: Content
Skip to: Site Navigation
Skip to: Search

News Sections

Newser Specials

Private Equity

Started by Imperator; Last updated by SeacoastNH | View history

Rate it:

Print

E-mail

|

Digg

Seed this on Newsvine

Add this link to Del.icio.us

StumbleUpon

| Edit thread | Notify editors | + Start a new thread

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 81 - 100 of 133

<< Prev 1 2 3 4 5 6 7 Next >>

July 2007
- Funds Can't Find Friends in Anti-Tax Fight
  
  Wall Street Journal | Jul 11, 07 9:01 AM CDT
  
  (Newser) - Wall Street's hedge-fund and private-equity titans are looking for allies in their fight to prevent a tax hike on profits—but they're having trouble recruiting, today's Journal reports. As the first Senate hearings on the proposed hikes get under way, representatives from venture capital, public pension funds, and investment firms are seeking to distance themselves from their lightning-rod siblings. More »
- CVC Makes $2B Play for Univar
  
  Bloomberg | Jul 9, 07 10:52 AM CDT
  
  (Newser) - Europe's second-largest private equity fund will purchase Univar, one of the world's biggest chemical distributors, in a deal worth $2.1 billion (€1.52 billion), Bloomberg reports. CVC Capital Partners will pay €53.50 per share, a nearly 40% premium over Friday's closing price, to acquire the largest chemical supplier in North America. More »
- British Firm Bags Samsonite for $1.7B
  
  BBC | Jul 5, 07 4:57 PM CDT
  
  (Newser) - CVC Capital, a British private equity firm, has bought out Samsonite, the American luggage line, in an all-cash deal worth $1.7B, BBC reports. CVC will pay $1.49 a share--12% more than the stock was worth Tuesday. Samonsite has had five owners in the last 21 years, as luggage sales in general have declined. More »
- Coca-Cola May Bid to Swallow Up Snapple
  
  Wall Street Journal | Jul 5, 07 4:54 PM CDT
  
  (Newser) - Coca-Cola is talking to private-equity firms about purchasing Cadbury Schweppes PLC's Snapple and Mott's brands, the Wall Street Journal reports. Coke is trying to expand its presence in the fast-growing market for noncarbonated drinks--namely juices, waters and ready-to-drink teas, like Snapple. Mott's includes apple juice and sauces, as well as other items. More »
- Euro Hotels Hot After Blackstone Deal
  
  Financial Times (UK) | Jul 5, 07 4:34 AM CDT
  
  (Newser) - Investors are snapping up shares of some Europe's biggest hotel chains, the Financial Times reports, as the market bets that more private equity firms will tuck into new cross-Atlantic deals. They're inspired by Blackstone's $26 billion Hilton offer, and a banner year for hotel buyouts more generally. More »
- Blackstone Books Hilton For $26B
  
  Wall Street Journal | Jul 3, 07 8:38 PM CDT
  
  (Newser) - Blackstone moved to expand its hotel portfolio in a big way late today, making a deal to take Hilton private for $26 billion, including $7.5 billion in debt. The $47.50 per share offer, 40% more than yesterday's close, turned the head of the chain's CEO, who called it "such a compelling price," the Journal reports. More »
- KKR Makes IPO Official
  
  Bloomberg | Jul 3, 07 7:34 PM CDT
  
  (Newser) - Undeterred by the possibility of potentially devastatingly tax-law changes, Kohlberg Kravis Roberts firmed up its IPO plans today, filing SEC documents that value the issue at up to $1.25 billion. The private (for now) equity firm said it will list as a partnership, like archrival Blackstone, which went public last month to the tune of more than $4 billion. More »
- Deals Excite Nervous Markets
  
  Wall Street Journal | Jul 2, 07 8:06 PM CDT
  
  (Newser) - The Dow rose 126.81 points to 13535.43 today, as several big deals assuaged traders worried the recent LBO spate is coming to an end. Chief among them, the Journal 's Market Watch reports, was a $32.6B buyout of BCE, Canada's largest telecom, by a consortium including two US firms. More »
- BCE Agrees to Landmark LBO
  
  Globe and Mail | Jul 1, 07 10:24 AM CDT
  
  (Newser) - Canada's dominant telecom company will go private in the country's biggest takeover ever, and one of the largest LBOs in the world. A powerful teachers' retirement fund and two American private-equity firms made a deal yesterday for CBE, also known as Bell Canada. The $48.5 billion (C$51.7 billion) bid must still clear regulators and shareholders. More »
June 2007
- Wall Street, GOP Team Up on Tax Bill
  
  Wall Street Journal | Jun 28, 07 8:52 AM CDT
  
  (Newser) - Wall Street stormed Washington yesterday, as more than 70 lobbyists for financial firms met with GOP lawmakers to organize opposition to a bill that would raise the tax rate on private-equity partners. The proposal would require managers at private partnerships to pay the normal income tax rate of up to $35% on their cut of profits, rather than the 15% rate they now enjoy. More »
- Bain Buys Out Guitar Center
  
  Wall Street Journal | Jun 27, 07 5:40 PM CDT
  
  (Newser) - Bain Capital sealed a deal today to buy out Guitar Center, a California-based retail chain specializing in musical instruments, for $1.9 billion. The deal was reached after a secret auction conducted by Goldman Sachs; the private equity firm has recently purchased a slew of publicly traded retailers. The final price of $63 a share represented a 26% premium on Guitar Center's price. More »
- Mortgage Worries Drive Markets Down
  
  Bloomberg | Jun 22, 07 4:45 PM CDT
  
  (Newser) - The major exchanges plummeted today, wrapping up a week of seesawing during which the Dow and the S&P 500 lost about 2% and the Nasdaq fell 1.4%. Even Bear Stearns' announcement that it will bail out a hedge fund entangled in subprime loans couldn't stop the bleeding. The Dow ended the day at 13,360.26, down 185. 58, or 1.4%. More »
- KKR Joins IPO Party
  
  Wall Street Journal | Jun 22, 07 9:05 AM CDT
  
  (Newser) - Corporate raiders Kohlberg Kravis Roberts & Co. have announced an initial public offering , on the heels of a wildly successful $34B IPO by rival Blackstone yesterday. The mammoth LBO group, whose boss Henry Kravis maintains a well known rivalry with Blackstone's Stephen Schwarzmann, waited to make sure Blackstone swam before making the announcement. More »
- Blackstone IPO Fetches $4.13B
  
  Bloomberg | Jun 21, 07 5:05 PM CDT
  
  (Newser) - The Blackstone Group went public today, selling 133.3 million shares at $31 and raking in $4.13 billion, the largest American IPO since 2002. The keenly anticipated issue values the private equity firm, founded by Stephen Schwarzman 27 years ago with $400,000, at $33.5 billion; the price bodes well for other buyout specialists. KKR and Carlyle are also considering going public, Bloomberg reports. More »
- Private Equity Pounces on Nuveen
  
  Bloomberg | Jun 20, 07 1:32 PM CDT
  
  (Newser) - Private equity fund Madison Dearborn has made the biggest-ever play for an asset management firm, offering $5.75 billion to buy out Chicago-based Nuveen Investments. The $65-per-share offer—a 20% premium over Nuveen's closing price yesterday—signals the growing demand for cash-rich money-management firms as buyout targets. More »
- Gambling Firm Agrees to Buyout
  
  Bloomberg | Jun 15, 07 4:08 PM CDT
  
  (Newser) - The casino-operator buyout spree continued today as Penn National Gaming agreed to be acquired by two private-equity firms for $8.9 billion. The deal, which allows the company to solicit bids for 45 days, includes $2.8 billion in debt. News of the $67-a-share offer, a 31% premium over yesterday's closing price, drove the stock up to $62.12 at close. More »
- Senate Puts Blackstone on Notice
  
  Bloomberg | Jun 15, 07 12:48 PM CDT
  
  (Newser) - Less than 2 weeks ahead of Blackstone's IPO, bipartisan legislation introduced in the Senate yesterday threatens to hamper or halt the avidly anticipated stock sale. The private equity behemoth's tax bill would more than double if the measure—under which partnerships like Blackstone would pay the 35% corporate rate rather than the 15% capital gains rate that currently applies—passes. More »
- KKR Buyout Spree Hits a Snag
  
  Wall Street Journal | Jun 12, 07 4:31 PM CDT
  
  (Newser) - Buyout giant KKR's $26B acquisition of electronic payment processor First Data Corp is not going smoothly, reports the Wall Street Journal . Once enthusiastic investors are shying away from private equity deals as interest rates steepen. "We have enough exposure to KKR already," said one major financier. More »
  
  <