Tag:
Drexel Burnham
Latest Headlines
Latest Headlines
Goldman Sachs, another Drexel Burnham Lambert?
In the heat of the moment, we have heard a good bit of hyperbole regarding Goldman Sachs ( NYSE: GS ). One Washington Post columnist likened Fabrice Tourre, the only employee named in the Goldman Sachs civil complaint, to Michael Milken--which is a laughable stretch.
TheStreet.com of
Another blown up hedge fund
Here's a cautionary tale of how the real estate bubble seduced people who might have known better. Plainfield Asset Management was founded by Max Holmes, a veteran of Drexel Burnham Lambert and D.E. Shaw and an expert in bankruptcy and high-yield debt.
Fortune wonders what it was thin
Apollo to list on NYSE
The IPO market resurgence and financial market strength in general has been a big boon for private equity companies in more ways than one. Clearly, it allows for much better portfolio exit opportunities. But it also allows some firm to revive plans to list shares on a major stock exchange.
The
Leon Black: Back in the buyout game
Leon Black, the one-time head of mergers at Drexel, Burnham, Lambert, is one of many private equity players that has morphed into something of a distressed securities player--a predictable move given the end of the traditional financial sponsor game. The New York Post weighs in with an article
Morgan Joseph bets on credit markets
Exotic credit-linked securities have been the downfall of too many brand name investment banks as of late. But that spells opportunity for one boutique that carries the name Morgan Joseph--which was founded by Frederick Joseph, who some of you will recall was the former CEO of Drexel Burnham. For
Debt specialists in the spotlight
The Financial Times suggests that the purchase by the Blackstone Group of debt boutique GSO Capital Partners last year speaks volumes about the credit universe that private equity firms must navigate. When debt was cheap, they were big borrowers. Now private equity firms want to profi
Back to the future: Michael Milken returns
Are you starting to feel nostalgic for the 1980s?
While we're not seeing a huge spike in overtly hostile bids, we are seeing a lot of skirmishing. The list includes: Yahoo-Microsoft, InBev-Anheuser-Busch, and Electronics Arts-Take Two, among others. The sense is that the time to strike s
