Tag:
consortium
Latest Headlines
Latest Headlines
What does private equity see in IndyMac?
IndyMac made headlines when it collapsed, and then some more when it was announced that a private equity firm consortium led by Dune Capital will buy what remains of it. A good vulture move? The Economist says this: "What remains of IndyMac's franchise is of questionable value, to put it chari
Biggest PE deal ever is dead; termination fee dispute begins
The largest private equity sponsored deal ever inked is finally kaput. It's no big surprise. Fortune notes that a recent report by KPMG found that the amount of debt involved in the $51 billion privatization of BCE, the parent of Bell Canada, would essentially render the company insolvent. So
Lehman Brothers deal still a possibility
The Korea Development Bank may not want to be the sole owner of Lehman Brothers, but it is apparently willing to be part of a consortium. The AP reports that the governor of state-owned KDB has told reporters that discussions were under way "to form a consortium with private banks as [we] beli
RBS sweetens bid for ABN Amro
You've got to wonder about the new bid by the Royal Bank of Scotland-led consortium for ABN Amro. It said all along that LaSalle was the main prize in its efforts to buy the Dutch giant; it
Goldman works hard to avoid conflicts
There has been a lot of hand-wringing over the many conflicts that top investment banks have
Biggest ever takeover battle heats up
The battle for ABN Amro is heating up. Increasingly, it does not appear that
Exchanges eye dark pools
Big institutions have long sought the ability to trade large blocks of stock with minimal market reaction--anonymously. Which has made so-called "dark pools" a growth market. The likes of
Blackstone emerges triumphant, right?
Well, the Blackstone Group has pulled off the largest buyout in history. Right? When Equity Office announced that it has decided to stick with Blackstone's offer of $54 a share (all cash)--even
Vornado vs. Blackstone, another round?
And so it has come to pass, as we all expected. The Vornado-led consortium has submitted another offer--$56 a share--that appears to have bested the
Blackstone, Vornado saga nearing an end
The Blackstone Group's bidding war with the Vornado-led group hasn't really riveted Wall Street the way
