Private Equity

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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.

Big Loss For MBIA In 1Q

US bond insurer MBIA Monday reported a first-quarter loss of $2.4 billion, or $13.03 a share, compared with net income of $198.6 million or $1.46, in the first quarter of 2007.

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.

Moral Bankruptcy

As the economy slows, investigation of corporate malfeasance becomes a big business.

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.

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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.

D&P Moves with the Market

September 2007. In hindsight, it doesn't seem like the ideal time for a boutique investment bank to have gone public. Of course, Duff & Phelps has proven adept at navigating through a battered M&A market, and the resilience of the firm is even more conspicuous as most of its larger rivals suffer from subprime-related woes.

The Great Escape?

Sentiment about US credit markets has improved in recent weeks, thanks in part to a March bailout of Bear Stearns orchestrated by the Federal Reserve as well as a steady campaign by the US central bank to improve liquidity of fragile capital markets. The slight uptick in confidence is reflected in narrower yield premiums in a variety of debt markets, as well as a pickup in the issuance of a variety of debt and equity securities.

Asset Management M&A Rolls On

M&A deal flow has slowed in many sectors, but not in asset management. According to data from Jefferies Putnam Lovell, 54 deals in the asset management industry were announced in the first quarter of this year, a record high for that period.

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