Thomas H. Lee news from FierceFinance
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SPOTLIGHT: Texas trial
This could get interesting. The Clear Channel trial is set to take place in a Texas state court. Citigroup, Morgan Stanley, and others who balked at financing the $19 billion deal on behalf of Bain Read more...
Banks still balking at Clear Channel deal
The Clear Channel saga continues, and it may end in court. At issue: Bank financing for the nearly $20 billion deal. The two buyout firms--Bain Capital and Thomas H. Lee Partners--seem willing to go Read more...
Who's to blame for the Refco mess?
Recall that commodities brokerage Refco collapsed in 2005, just a few months after its IPO. What a mess. But who is to blame? Well, adding yet another bit of bad news to the private equity industry's Read more...
More on hedge funds vs. private equity funds
There seems to be a bit more tension these days between hedge funds and private equity funds. One example: The $8 billion buyout of Aramark Corp. Goldman Sachs, CCMP Capital Advisors and J.P. Read more...
Hedge funds prevail, ClearChannel bid to go higher
Shareholders of ClearChannel were widely expected to reject a buyout offer from Thomas H. Lee Partners and Bain Capital. A few shareholders, notably Highfields Partners, made a huge stink about Read more...
Analyst at odds with PE firms
Victor Miller has been ranked the No. 1 analyst for radio and TV by Institutional Investor for the past five years. So it is a big deal that he has concluded that an offer by Thomas H. Read more...
Benefits of private equity firm IPO are clear
When you think about it, it makes a lot of sense for private equity executives to rail against Sarbanes-Oxley and at the same time consider a public offering. True, they will have some compliance Read more...
Clear Channel deal morphs into test of wills
Has a great private equity firms vs. shareholders battle begun? Well, it sure has when it comes to Clear Channel Communications. Shareholders have been more than pissed about the $18.7 billion Read more...
Battle for Home Depot taking shape?
Nothing would get Wall Street's juices flowing like a good old-fashioned buyout battle. People are still wondering whether the Read more...
Private equity firms eye newspapers
There are three clubs with designs on the Tribune Company: Providence Equity Partners, Madison Dearborn Partners and Apollo Management; Thomas H. Lee Partners and the Texas Pacific Group; and the Read more...