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PE Deal Flow Depressed In 2Q

The private equity business was in the doldrums during the second quarter, according to new data from PitchBook.

Carlyle Closes New $1B Asian Fund

The Carlyle Group said Tuesday it has completed fundraising for its fourth Asian growth capital fund at $1.04 billion.

Lime Rock PIPEs Up

About a year ago, Allis-Chalmers Energy Inc. was doing great, but since then the company's fortunes have been dramatically affected by the recession. Allis-Chalmers could not get by without taking an infusion from Lime Rock Partners V, as public companies have increasingly turned to private equity to become leading shareholders.

FairPoint Seeks Exchange To Avoid Default

FairPoint Communications wants bondholders to exchange notes and give it a break on covenants. If the company doesn’t get the support it needs, it may default on some of its bonds in October.

Moynihan Tackles 'Whoas' At Merrill

Six months into one of the most scrutinized takeovers in recent memory, Bank of America is pulling every lever imaginable to make its embattled purchase of Merrill Lynch work. Brian Moynihan, the BofA executive running the integration, last week outlined the steps taken to squeeze out profit from the troubled investment bank at a time when the parent company needs it most.

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Articles

Eyes On The Prize

To many, the deal market may seem a modern take on Samuel Beckett's 'Waiting for Godot.' Buyers and sellers continually wait for a sign that business has stabilized. For the deal community, the identity of Godot may as well be 'visibility,' and in its absence, few have any solutions other than to merely wait.

If At First You Don't Succeed...

Eighteen months ago, few sellers in the midst of a sales process would put much thought into a possible 'Plan B.' If a deal fell through, advisers could merely go to the next bidder in line and forfeit little in the way of a premium. However, these days if one buyer bails, it's possible, or even likely, that no one else is waiting in line to pick up the pieces.

Plenty of Qatalysts For Tech

Qatalyst Group's newest partner, Ian MacLeod, talks to IDD about consolidation in the technology sector.

Play Ball ... Or Ball In Play?

In the first week of June, a consortium of Chinese investors led a deal to buy a 15% stake in a Cleveland institution. Normally, this purchase might have raised concerns, as workers and local politicians sought promises that jobs would not be transferred overseas. With this deal, however, the investment is ostensibly designed to keep the employees in Cleveland -- most notably LeBron James.

Let The Deals Flow

After a relative blackout, investment banks and private-equity firms are seeing light at the end of the energy and power sector's tunnel.

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