CHICAGO - The TJX Cos. Inc. said yesterday that it was selling the Bob's Stores Corp. chain to a pair of private-equity firms as it tried to better focus its strategies.[...]
FT Alphaville |
August 20th, 2008 |
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General Dynamics, the US defence group and maker of Gulfstream business jets, is taking over Zurich-based business aviation services group Jet Aviation for SFr2.45bn ($2.24bn) from Permira, the UK private equity group which acquired the company three years ago from the Hirschmann family. The sale will give Permira an almost [...]
The Carlyle Group said that Louis V. Gerstner Jr., the former I.B.M. chief who became the private equity firm’s chairman five years ago, would step down from that post on Sept. 30.[...]
Top Chrysler executives are determined to fix the company, and executives at Cerberus Capital, Chrysler’s new private-equity owner, say they will get the chance.[...]
When 3i floated its £400m ($746m) Quoted Private Equity investment company in June 2007, it struck some observers as a poorly timed move by the UK-based group to buy shares at the top of a bull market[...]
UK-listed private equity group, 3i, plans to re-enter the European funeral services market following a deal to acquire a 75 per cent stake in Spain's Memora Inversiones Funerarias[...]
We've noted the long-running debate about whether the accreditation requirements for hedge fund investors ought to be lowered. For many the rules strike a paternalistic note: The non-wealthy can't comprehend the risks. That has galled many over the years in part because they think most of the public is being denied [...]
We've noted that pensions aren't bailing out on hedge funds and private equity funds. In fact, they continue to embrace them. That has made life a little more of an adventure for some pension overseers. Portfolio profiles Bill Clark, who oversees a $77 billion investment portfolio for New Jersey workers. [...]
The Times |
August 19th, 2008 |
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One of the most famous names in British industry, Crown Paints, will soon be back under British ownership after a £70 million private equity buyout.[...]
Seeking Alpha |
August 19th, 2008 |
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It is time for Nintendo of Japan to address the weakening price of its shares by taking meaningful action. Its stock price closed at 48,700 yen on August 19, 2008, representing a decline of 33.5% from its November 1, 2007 peak of 73,200 yen and just slightly above its 2008 [...]
Lehman is considering the sale of all or part of its prized money management division to private equity firms to raise billions of dollars of capital and ease the pressure caused by real-estate related losses.[...]
Lehman Brothers is holding exploratory talks with a variety of private-equity and strategic bidders about selling all or part of its asset management arm, Neuberger Berman, according to people familiar with the matter[...]
Pop singer Lily Allen has blamed EMI, the private equity-owned record company, for a delay in the release of her second album.[...]
Seeking Alpha |
August 18th, 2008 |
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One way to analyze electric utility stocks is to look at what types of fuel they use to run their generators, and how much exposure to oil and natural gas that they have. If you believe the price of oil and gas has peaked and will continue to drop, then [...]
AltAssets |
August 18th, 2008 |
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Cinven reportedly targets up to euro10bn for new fund[...]
Although few sectors of the economy are more naturally suited to private equity investment than the crisis-stricken financial services industry, buy-out bosses say there are political and financial obstacles to investing in the sector[...]
SF Chronicle |
August 18th, 2008 |
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Brinker International Inc., the owner of the Chili's Grill & Bar chain, said Monday it will sell a majority stake in Romano's Macaroni Grill to a private equity firm. Under the agreement, Brinker will sell most of its stake to Mac Acquisition LLC _ a unit of[...]
Seeking Alpha |
August 18th, 2008 |
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BusinessWeek is Bracing for Inflation. Let's take a look at an article written by John K. Castle, CEO of Castle Harlan, a New York private equity firm. Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009.[...]
AltAssets |
August 18th, 2008 |
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French firm Sagard to sell warehouse logistics operator CEPL to Arcapita[...]
There is a subtle undercurrent of fear on Wall Street about Alt-A loans. JPMorgan has about $19.5 billion worth of exposure to Alt-A mortgages, and it likely is not alone. I would be surprised if banks have written off much against these assets. CalculatedRISK notes that "subprime delinquencies appear to [...]
