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News

Pearlstine Joins Bloomberg

Longtime Wall Street Journal and Time Inc. newshound Norman Pearlstine is leaving The Carlyle Group to fill a newly created position at Bloomberg LP, chief content officer.

Infrastructure Investment Speeds Up

The infrastructure investment business shows little signs of slowing as one general partner after another raises a new multi-billion dollar fund, underscoring the promise institutional investors see in infrastructure within the US, Europe and Asia.

Cumulus Buyout Terminated

Cumulus Media said Monday that has terminated its $1.3 billion deal to be acquired by an investor group led by Merrill Lynch Global Private Equity.

Week Starts Well For Mid-Market PE

While new deals by large leveraged buyout firms are few and far between, middle-market private equity investors are busy arranging new deals.

Ratings Actions

The latest ratings upgrades, downgrades and outlooks from S&P and Moody's.

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Articles

Talking PE with John Jordan II

For John W. Jordan II, chairman of the Jordan Co., the closing of The Resolute Fund II LP is proof that the buy-and-build strategy he's employed at the middle-market private equity firm works. At 60, he's brought the Jordan Co. through more than one economic storm. So, IDD thought it would be a good time to chat with the veteran dealmaker.

Morgan Stanley's Barnett Joins BofA

As first reported by IDD, Phil Barnett is joining Bank of America after a 20-year career at Morgan Stanley, most recently as managing director and head of the firm's global insurance business.

Summit Raises First European Fund

Summit Partners said last week it closed a new European private equity fund with euros 1 billion of commitments, marking the Boston firm's first exclusively-dedicated European investment vehicle, and wrapped up fundraising for its latest mezzanine debt fund at $825 million.

SWFs: Investment Banks' New BFFs?

The credit crunch has made investment banks look overseas for a new source of income: sovereign wealth funds.

Catching Up, With Stefan Selig

Stefan Selig, vice chairman of investment banking and global head of M&A at Bank of America, recently sat down with IDD to discuss his outlook on deal making and his plans for Bank of America's M&A business, among other things.

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