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Strategic buyers on the rise

TheDeal.com reports that when the Royal Bank of Scotland auctioned off its insurance unit, private equity firms were told not to participate because they weren't likely to win. This after several... Read more...

Do you know any of these fledgling superstars?

What do the following execs have in common? Justin Abelow, Deutsche Bank's managing director of financial sponsors, Mike Bingle, Silver Lake managing director, and Cathy Leonhardt, Peter J. Solomon... Read more...

Hedge funds as lenders?

The credit crunch has financial sponsors scouring for new sources of financing. They may have found their answer-- hedge funds. While funds have been buying leveraged loan-backed debt for a while,... Read more...

The meaning of the First Data battle

The news that Kohlberg Kravis Roberts has summoned top bankers from the likes of Goldman Sachs and Citigroup to talk about First Data is not a surprise. We've said it all along, Read more...

SPOTLIGHT: Strategic Buyers

The deal market is down. Way down. But while the financial sponsors are suffering, strategic buyers may be sensing an opportunity. Read more...

Is the TXU deal in trouble now?

Kohlberg Kravis Roberts has taken some hits as of late, as have all financial sponsors. One more thing for it and... Read more...

Morgan Stanley hungry for more risk?

Last quarter, Morgan Stanley's average trading VAR rose about 30 percent from a year earlier to $81 million. This is not out of whack compared with other firms' VARs. But it does indicate that... Read more...

The high water mark for deals

Is the merger boom cresting? Well, according to Dealogic, the value of U.S. deals hit $1 trillion already this year, the earliest date that it has hit that milestone ever. Last year, it took a few... Read more...

Citigroup's both-sides deal raises some brows

Especially with financial sponsors playing such an active role in the deal scene, there are many opportunities for investment banks to seem conflicted. For the most part, people just sort of live... Read more...

Talent defections cause for worry at more firms

Poaching from your competitors is a time-honored practice in financial services, from stock brokers all the way up to M&A kingpins. A lot of legal hours have been--and will continue to... Read more...