Tag:
THL Partners
Latest Headlines
Latest Headlines
Big test of leveraged loan market coming up
The leveraged loan market has been whipped recently. Obviously, it went into the doldrums as the credit crunch reached its nadir. But then the vultures moved in, including a lot of private equity firms, and it looked like the debt was heading back to par. Now, it's a mixed bag. We may get a cleare
Clear Channel deal imminent?
With a trial about to start, hedge fund Highfield Capital and Morgan Stanley decided that all parties to the troubled Clear Channel deal should come to some sort of agreement. A jury trial would not be in anyone's best interests; a lot of dirty laundry and emails just might come out. And so, a de
Clear Channel trial to get underway
The court battle pitting six banks--including Citigroup , Deutsche Bank, Morgan Stanley , Wachovia--against private equity firms Bain Capital and THL Partners is expected to get underway next week. You can bet it will be closely watched. The private equity firms are aiming to compel the ban
Emails to figure prominently in Clear Channel fight?
Recall that Bain Capital and THL Partners sued a bevy of banks, notably Citigroup  and Deutsche Bank , hoping to compel them to finance their $27 billion deal to buy Clear Channel. The New York Post reports that some emails sent among the bankers may be used by the private equity plain
Clear Channel battle turns ugly
The New York Times recounts how Bain Capital and THL Partners officials received a misfired email--one that was meant for anyone but them. It seemed to be all about how the six banks that had agreed to finance the deal were planning to renege. The deal went downhill from there, and now has en
