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.
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.
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.
Private equity fundraising improved somewhat over the second quarter as 82 buyout funds drew $76.2 billion in new commitments, according to Preqin.
Ron Burkle is betting that the worst of Icelands economic troubles are behind the embattled Nordic island.
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.
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.
Qatalyst Group's newest partner, Ian MacLeod, talks to IDD about consolidation in the technology sector.
James Hance Jr., the former chief financial officer at Bank of America and currently a Carlyle Group senior adviser, will join Morgan Stanley's board of directors next month. Hance, whoretired as B of A's financial chief in 2005, will join Morgan Stanley in July, the company said.
With estimated attendance off as much as 30%, there was plenty for filmmakers to grouse about at the Cannes Film Festival this spring. Amid the celebrities and paparazzi, entertainment executives decried the lack of funding that will make otherwise viable pictures likely cinematic flops.