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Latest News

PE Portfolios Take Center Stage

July 3, 2009 – Private equity firms are taking strong measures to improve the operations and performance of their portfolio companies, according to a survey conducted by McGladrey Capital Markets.

Crabtree & Evelyn Files For Bankruptcy

July 2, 2009 – Personal care products retailer Crabtree & Evelyn Ltd. has filed for bankruptcy, citing debt pressures and the decline in consumer spending.

Hedge Funds Turn In Mixed June: Credit Suisse

July 2, 2009 – Preliminary data released by Credit Suisse suggests hedge fund performance was mixed in June, following stellar returns in May.

Assured Cements Hold On Monoline Industry

July 2, 2009 – Assured Guaranty Ltd. completed its $822.1 million purchase of Financial Security Assurance Holdings Ltd. yesterday, creating a dominant bond insurer in a decimated industry.

Corporate Default Rate Reaches 9.2%

July 2, 2009 – The U.S. speculative-grade corporate default rate reached 9.16% in June, a year-to-date high, according to a report issued by Standard & Poor’s Thursday. Another 18 companies defaulted last month, bringing the yearly total to 119.

Silly Stunts Are Serious For Banks

July 2, 2009 – What does it take to get the attention of JPMorgan Chase these days? Little plastic sharks, apparently.

FDIC's Failed-Bank Bid Plan Blasted

July 2, 2009 – A Federal Deposit Insurance Corp. plan to place new restrictions on private equity firms seeking to buy failed banks is facing strong opposition from fellow bank regulators and could temporarily freeze all private equity activity in bank acquisitions.

Commercial Property Could Become Albatross

July 1, 2009 – Growing weakness in commercial real estate is poised to transform banking companies into accidental landlords — with a new set of headaches.

PE Deal Flow Depressed In 2Q

July 1, 2009 – The private equity business was in the doldrums during the second quarter, according to new data from PitchBook.

Morgan, Mitsubishi Firm Up JV

July 1, 2009 – Mitsubishi UFJ Financial Group and Morgan Stanley Wednesday offered more details on their already announced joint venture that should enhance the firms’ investment banking and corporate lending businesses.

BofA Hires Ex-Citi Energy Banker

July 1, 2009 – Alan Murray will join Bank of America Merrill Lynch as a managing director in its energy corporate and investment banking practice in late September. He was formerly global head of energy M&A at Citigroup.

Stock Building Emerges From Bankruptcy

July 1, 2009 – Stock Building Supply has emerged from bankruptcy with $225 million in private equity and debt financing from The Gores Group.

Burkle Bets On Iceland

July 1, 2009 – Ron Burkle is betting that the worst of Iceland’s economic troubles are behind the embattled Nordic island.

PE Funds Raised $76B In 2Q

July 1, 2009 – Private equity fundraising improved somewhat over the second quarter as 82 buyout funds drew $76.2 billion in new commitments, according to Preqin.

Carlyle Closes New $1B Asian Fund

June 30, 2009 – The Carlyle Group said Tuesday it has completed fundraising for its fourth Asian growth capital fund at $1.04 billion.