VC Circle |
November 23rd, 2008 |
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Troubled banking giant Citigroup has sacked over 37 officials in India as the bank has announced 50,000 more job cuts globally. The 37 people who have been asked to leave from Citi India consist mostly of senior executives, reports Economic Times. people have been asked to let gofrom retail, investment [...]
Comedy is all about timing. The same can be said of the private-equity business -- which has failed to produce many smiles for investors over the past year.[...]
Mark Wilson who teaches Economics here at SBU has been advocating that a solution to the excessive risk taking and misaligned incentives is to return to partnership arrangements where the management would have more at stake.Last week in Michael Lewis' epic "The End of Wall Street's Boom" piece the same [...]
The woes of the American auto industry have put the private equity firm Cerberus Capital Management and its co-founder, Stephen Feinberg, in the one place they don't want to be - the spotlight.[...]
The Times |
November 23rd, 2008 |
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THE Irish government has agreed to take part in a €3 billion (£2 billion) bailout of Bank of Ireland that will be led by private equity. The deal would be the first state aid for an Irish bank.[...]
Financial Times |
November 23rd, 2008 |
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Canny private equity bosses are redefining their investment strategy to cope with turmoil in financial markets[...]
Financial Times |
November 23rd, 2008 |
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The head of one of Europe's biggest private equity groups painted a bleak picture for his industry, predicting substantial job cuts at buy-out firms, as they suffer heavy losses on many recent deals, sparking lawsuits with some investors[...]
BizJournals |
November 23rd, 2008 |
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Accentia Biopharmaceuticals Inc. has filed for bankruptcy, but chief executive Frank O’Donnell might have a source for additional financing — a private equity group he founded.[...]
BizJournals |
November 23rd, 2008 |
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A two-day conference for private equity firms and lenders interested in investing in Florida private companies kicked off with tours of Jaxport, Cecil Field and Cecil Commerce Center.[...]
Fierce Finance |
November 23rd, 2008 |
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The hedge fund industry is no doubt bracing for change. Those that survive will face a new era, one in which the balance of power will reside with the institutions. You can no longer take your limited partners for granted. There will likely be some changes to the traditional--and I [...]
Fierce Finance |
November 23rd, 2008 |
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The private equity industry unfortunately has a long history of train wrecks when it comes to private investments in public entities (PIPEs). The most recent: TPG Capital's $1.35 billion loss on its disastrous investment in Washington Mutual. Other worrisome financial deals include Warburg Pincus' $800 million investment in MBIA. But TheDeal.com notes [...]
AltAssets |
November 23rd, 2008 |
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Carlyle's USD3.5bn steel deal falls through[...]
AltAssets |
November 23rd, 2008 |
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Permira reportedly in discussions with SVg about current and future fund commitments[...]
AltAssets |
November 23rd, 2008 |
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TPg reportedly in Nissin Leasing China dispute[...]
AltAssets |
November 23rd, 2008 |
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KKR appoints Citigroup's Sanjay Nayar as CEO, India country head[...]
Daniel Gross looks at the (mis)management of Harvard's endowment portfolio. Or as he says, "looks like it was chosen by someone who watched a few episodes of CNBC's Squawk Box and heard that the hot new investments were emerging markets, commodities, and private equity." Gross writes: The biggest position disclosed—all [...]
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