Private Equity

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May 2007
- Chicago Retail Institution Sam's Wines Sells Out to Private Equity
  
  Chicago Tribune | May 12, 07 8:19 PM CDT
  
  (Newser) - Proving that size (or lack thereof) is no obstacle to the relentless march of private equity, Chicago’s best known and among its largest liquor stores, Sam’s Wines, sold 80% of itself to Chicago-based private equity company, Arbor Investments. More »
- Thomson Confirms Merger Deal
  
  New York Times | May 9, 07 11:00 AM CDT
  
  (Newser) - Financial data giants Reuters and Thomson have confirmed that a merger is in the works. Should the deal go through, the company will control 34 percent of the financial data market, to current leader Bloomberg's 33 percent. Reuters CEO Tom Glocer would head the new Thomson-Reuters, which would remain under the Thomson family's control. More »
- Thomson Aims to Buy Reuters
  
  Globe and Mail | May 9, 07 8:00 AM CDT
  
  (Newser) - Thomson, the Canadian publishing company, is poised to buy Reuters, the global news and information agency, the Globe and Mail reports. The timing of the takeover, which values Reuters at $17.7 billion, appears a response to Rupert Murdoch's proposed purchase of Dow Jones, but sources say they have been in talks with Reuters for months. More »
- Reuters Takeover Rumors Fly
  
  Wall Street Journal | May 5, 07 8:00 AM CDT
  
  (Newser) - Reuters is being wooed by a buyer, though the British information service is steadfastly mum on its suitor's identity. The WSJ predicts one of two outcomes: an intra-industry move from Canadian publishing powerhouse Thomson, or a swoop in by private equity, aimed at profiting off the company's steady cash flow. More »
- Qantas Deal Crashes
  
  Age (Aust.) | May 5, 07 8:00 AM CDT
  
  (Newser) - Qantas Airlines will keep flying solo, after what would have been the biggest airline takeover in history fell through yesterday evening. Airline Partners Australia, the private equity consortium that offered $11.1 billion for the company, failed to secure the 50% of stock it needed to move the deal to its next stage. More »
- Dolans' Offer Scores With Cablevision
  
  Bloomberg | May 2, 07 11:20 AM CDT
  
  (Newser) - The Dolans have finally struck a deal to take Cablevision private. The $10.6 billion transaction, announced today, ends two years of wrangling with the entertainment conglomerate's board, and is a victory for Charles, the company's 80-year-old founder and his son James, now CEO. More »
April 2007
- Public Binge Predicted for Private Equity
  
  Financial Times (UK) | Apr 25, 07 2:09 PM CDT
  
  (Newser) - Private equity giant Carlyle Group will likely go public within five years, its co-founder said at a conference yesterday. David Rubenstein predicted a sea-change for the industry, as fund founders cash out before they retire, the FT reports. More »
- Loan Giant Sallie Mae Goes Private
  
  Washington Post | Apr 17, 07 8:37 AM CDT
  
  (Newser) - A group of investors is buying student lending giant Sally Mae for $25 billion, even as Capitol Hill debates reducing federal subsidies for student loans. The company—which began as a quasi-public agency—will be taken private by Bank of America, JPMorganChase, and private equity houses J. C. Flowers and Friedman Fleischer & Low. More »
- Kerkorian Offers $4.5 Billion For Chrysler
  
  Detroit Free Press | Apr 5, 07 4:18 PM CDT
  
  (Newser) - Beverly Hills billionaire Kirk Kerkorian has offered to buy the Chrysler group for $4.5 billion. Kerkorian's investment company, Tracinda Corp., can pay cash for the ailing automotive giant, and is pitching an extra $100 mil for an exclusive two-month period to run due diligence. Tracinda told parent DaimlerChrysler it can work with both management and the UAW, which would have an equity stake. More »
- The hidden risks in private equity
  
  Investors Chronicle | Apr 5, 07
- DaimlerChrysler Wants Divorce
  
  Detroit Free Press | Apr 4, 07 4:22 PM CDT
  
  (Newser) - DaimlerChrysler is trying to unload its clunky Detroit half, its CEO (and occasional company mascot) Dieter Zetsche confirmed at a shareholder's meeting today. The news, which comes after nearly two months of eager speculation, was a relief to frustrated German shareholders, who have long seen Chrysler as a drag on the Daimler-Benz brand. Now Chrysler just needs to find a suitor. More »
- Tribune Sold To Zell
  
  Chicago Tribune | Apr 2, 07 9:45 AM CDT
  
  (Newser) - Chicago real estate magnate Sam Zell won a last-minute bidding war to buy the Tribune Compay with a $34-a-share offer, reports the Chicago Tribune. Zell will take the media conglomerate private in a deal that includes an employee stock ownership plan. The Cubs will be sold separately. More »
March 2007
- Wall Street Tigers Bearish on Stocks
  
  MarketWatch | Mar 28, 07 7:37 AM CDT
  
  (Newser) - Tiger 21—the elite investment club whose members have at least $10 million each — is moving away from stocks and into alternatives like hedge funds and private equity instruments. Michael Sonnenfeldt, Tiger 21 founder, reports that assets in stocks are down 10 percent from last year, based on members' growing worries about instability in the global markets affecting U.S. performance. More »
- Sloan Reviews the Blackstone IPO Filing
  
  MSNBC | Mar 26, 07 7:50 AM CDT
  
  (Newser) - The IPO filing for the notoriously secretive Blackstone Group wasn't the tell-all Wall Street watchers had hoped for, says Newsweek’s Wall Street editor Allan Sloan, who searched in vain for how big a stake is held by the private equity partnership's two Mr. Bigs, Steve Schwarzman and Pete Peterson, and how much they and their partners have been paying themselves. More »
July 2006
- The rise and rise of private equity
  
  Sunday Business | Jul 30, 06
- In new world of deals, 'barbarians' now rule HCA sale highlights rise of private equity
  
  International Herald Tribune | Jul 26, 06
September 2004
- More convergence: Hedge funds, private equity blur lines; In an effort to increase returns, managers invading each other's turf as inflows rise
  
  Pensions & Investments | Sep 6, 04
July 2003
- The charms of the discreet deal
  
  Economist | Jul 5, 03
June 1996
- Making the most of other people's money.
  
  Chief Executive | Jun 1, 96