Tag:
buyouts
Latest Headlines
Latest Headlines
Morgan Stanley, others invest in Chinese stocks targeted by shorts
The saga of Sino-Forest continues to rivet Wall Street.
Recall that a report on behalf of short sellers caused a real stir by accusing the company of being a fraud, which tanked the stock dramatically. John Paulson, the hedge fund star, was forced to close out his long position at a $500 milli
Blackstone to benefit from Volcker Rule
The celerity with which the Volcker Rule ( Volcker Rule news) has led the biggest Wall Street banks to action has been surprising. Even before the rule was passed as part of Dodd-Frank, banks were already busy paring their proprietary trading units and selling alternative investment units. Som
New private equity game: Cut your losses
KKR and three private equity companies have sold shares of NXP Semiconductors NV in an initial public offering, raking in 46 percent less than they paid to buy the company at the height of the private equity boom, reports Bloomberg . That called for selling shares at $14 each, which was signifi
KKR finally makes it to the NYSE
KKR & Co. ( KKR news) has finally started trading on the NYSE ( NYSE news), presenting the opportunity for it to go head to head with the Blackstone Group ( Blackstone Grou p news) for the hearts and minds of investors.
Bloomberg weighs in with some interesting facts. K
A new new era for private equity?
Until the credit crunch socked the economy, we had bought into the idea that the private equity industry was in a Golden Era. The king pins of the buyouts game--the likes of Henry Kravis and Steven Schwarzman--were riding high. They were adored by society, revered as capitalism giants. The PR,
Fortress, bright future still?
Is the glass half full or half empty for Fortress? No doubt it had a bad 2008, when it lost $3 million. It was also forced to temporarily cease redemptions from its flagship hedge fund, Drawbridge Global Macro after $2 billion evaporated, and its stock continued to tank in the aftermath of its pub
Are we in for more sponsor PIPEs?
The private equity industry unfortunately has a long history of train wrecks when it comes to private investments in public entities (PIPEs). The most recent: TPG Capital's $1.35 billion loss on its disastrous investment in Washington Mutual. Other worrisome financial deals include Warburg Pincus'
Recovery in leveraged loan market?
IDD reports that the syndicated loan market is still struggling. A big part of that is the on-going drought in leveraged loan issuance, which reflects largely the slowdown in LBO activity. New issuance of loans backing buyouts fell 86 percent in the second quarter to $7.9 billion. That compare
Technology buyouts prove to be busts
When private equity companies started buying technology companies, many hailed it as bold new step. These firms were not seen as ideal candidates for taking on cringing debt loads, given the volatile nature of their markets, notes Business Week Online. The magazine takes a look at the ballyho
Not surprising private equity returns slow
No one should be all that surprised that private equity returns slowed a bit toward the end of the year. In the third quarter, the slowdown was spread across all classes, buyout, venture capital, mezzanine and distressed debt buyouts, notes Financial News Online. It cited data from the State
