Tag:
Neuberger Berman
Latest Headlines
Latest Headlines
Neuberger Berman managers to buy company
When Lehman Brothers went belly up, the fate of asset management firm Neuberger Berman--which is considered a crown jewel--was thrown up in the air. Bain Capital and Hellman & Friedman thought it had a deal, but the court set a deadline for other bids.
In the end, a group of portfolio mana
More on the man in the middle: Richard Fuld
Could Lehman Brothers CEO Richard Fuld have saved the firm? There will be plenty of post mortems, and more than a few might conclude that yes, there were deals that could have been struck. Neuberger Berman could have been sold, as could a large stake in the company. But as the Financial Times
Lehman releases 3Q earnings early along with capital plans
We have a bit more clarity on the Lehman Brothers situation now that it has released preliminary third-quarter earnings and a peek at capital raising activity. The firm says it will sell a 55 percent stake in its asset management, private equity and wealth management. It will retain its hedge fund
Lehman Brothers closer to Neuberger Berman deal?
CNBC.com reports that Lehman Brothers is moving quickly to sell prized fund company Neuberger Berman. The partners of the asset management unit were told by executives that they may even meet with potential buyers soon. What does such a sale mean? Well, as CNBC.com notes, it would suggest
Handicapping the Neuberger Berman sweepstakes
Well, it certainly feels like an auction. Lehman Brothers has informed three private equity firms--Hellman & Friedman, Bain Capital and Kohlberg Kravis Roberts--that they are still in the running to buy its asset management operations. The Carlyle Group was knocked out; the Financial Times
What does KKR see in Neuberger Berman?
According to CNBC , Kohlberg Kravis Roberts has emerged as the leading candidate to buy Neuberger Berman, the mutual fund company owned by Lehman Brothers . KKR rival the Blackstone Group apparently is apparently not interested at all, while JC Flowers, Apollo Management and the Carlyle
Lehman's latest worry: Neuberger Berman execs
Lehman Brothers already has a lot to worry about, so what's one more thing? CNBC reports that Neuberger Berman executives, led by long-money manager Marvin Schwartz, are starting to agitate for a spinoff of the wealth management firm. If Lehman can't sell the unit--and it looks like it can
What's going on with Lehman Brothers?
Well is it or isn't it?
No sooner than the New York Times could report that Lehman Brothers had sent MOUs to top private equity funds inviting bids for its asset management properties came news of a different sort from JPMorgan analysts. They say Lehman is "unlikely" to sell Neube
Lehman Brothers courts private equity to buy unit
So the rumors turned out to be true. Lehman Brothers is indeed shopping around its asset management unit, which includes Neuberger Berman, acquired five years ago for $2.6 billion, Lehman Brothers Asset Management and a private client brokers group. The New York Times reports Lehman has se
How will Lehman raise capital?
KBW analysts, after meeting with the Lehman Brothers COO, are telling clients that Lehman is not likely to sell its Neuberger Berman asset management unit. The unit is just too integral to its operations and too valuable from a credit ratings agency stand point. So it looks like all that talk
