Tag:
slowdown
Latest Headlines
Latest Headlines
Goldman Sachs earnings to tumble?
Goldman Sachs ( GS ), as you know, really took advantage of the great industry-wide pullback in risk in the wake of the financial meltdown. While other banks scaled back in trading, Goldman Sachs charged forward, and reaped the rewards. The lack of competition led to soaring spreads and fat comm
Richard Bove: Sell Goldman Sachs
Analyst Richard Bove has reiterated his sell recommendation on Goldman Sachs and cut his earnings estimates. For the year ending November 30, he now predicts $14.16 per share, down from his $15.45 estimate. That puts him firmly on the low side. The average estimate (Thomson Financial) is $16.7
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
Citigroup analysts: Slowdown in M&A a good thing
This might get you punched in some offices: The current slowdown in deal making is a healthy thing. The case is really not hard to make, and Citigroup has made it well, according to the Financial Times . Wacky bull markets of the near-bubble variety give rise to deal making frenzies that se
Small deal market still thriving
The plunge in financial sponsor activity fortunately has not proven contagious for really small deal makers. While big and mid-market deals continue to fall, those worth less than $100 million continue to rise, notes Investment Dealers' Digest. These deals tend to be easier to close, as they
Leveraged deals in perspective
The current slowdown in the leveraged deals environment is starting to take on historic proportions. The Financial Times notes data from Thomson Financial showing that the announced deal volume in February was $827.7 million; that's the first time the monthly total has failed to pierce the $1
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
Bain Capital wraps up massive fund raising effort
Financial News Online notes that Bain Capital is wrapping up a new $20 billion buyout fund. The slowdown in the industry apparently has done little to dampen the enthusiasm of institutions; many are upping their allocation to alternative investments. Bain expects a raft of deal opportunit
Private equity firms are flush with cash
The deal slowdown is coming at tough time for private equity firms. Despite the turmoil at the end of the year, 2007 was a banner year for fund raising. Last year, 415 U.S. funds raised $302 billion. That's about 20 percent higher than the 2006 level, according to Financial News Online . Lever
SPOTLIGHT: End-of-year Credit Freeze
Investment Dealers' Digest notes that the normal end-of-year slowdown in the credit markets may end up an outright freeze this year. Article
(investment dealers, slowdown)
