Private Equity Archive
Clear Channel Buyout On Verge Of Collapse
The big story today is the potential collapse of the LBO of Clear Channel Communications (CCU), the nation's largest radio station owner ("Major Buyout Deal Is Close To Collapse" (subscription required), The Wall Street Journal, ...
Posted by Greg Feirman · No Comments »
First Data Debt Sale Could Get Ugly
September 13, 2007 · Category: Market Commentary, Private Equity
Earlier this week, banks underwriting the buyout of Allison Transmission, an auto parts supplier, were able to sell $1 billion of a planned $4.2 billion in debt to investors (subscription required). The debt was sold ...
Posted by Greg Feirman · No Comments »
The Credit Crunch Is Here: I-Banks Fail To Sell Bonds and Loans To Finance Chrysler and Alliance Boots LBOs
All you really need to read to understand today's market crash is an article on the front page of The Wall Street Journal titled: "Banks Delay Sale of Chrysler Debt As Market Stalls" (subscription required). ...
Posted by Greg Feirman · No Comments »
This Time They Ring A Bell At The Top - KKR and Och-Ziff File IPOs
July 5, 2007 · Category: Market Commentary, Business Culture and Current Events, Hedge Funds, Private Equity
One has to wonder at the motives for Kohlberg Kravis Roberts (KKR) and Och-Ziff, a hedge fund, to go public after a mediocre IPO earlier this year by hedge fund Fortress Investment Group (FIG) and ...
Posted by Greg Feirman · No Comments »
Blackstone Panics And Buys Hilton for $20 Billion
July 5, 2007 · Category: Market Commentary, Private Equity
"Don't congratulate me when I buy something. Congratulate me when I sell it."
- KKR Founder Henry Kravis, quoted by Bill Seidman, CNBC Chief Commentator, on CNBC this morning in response to a question I sent ...
Posted by Greg Feirman · No Comments »
Four Must Read Front Page Wall Street Journal Articles for a Bear(Stearns) Market
Make no mistake: this week, as last week, is all about the blow up of the two Bear Stearns hedge funds heavily invested in subprime mortgage backed securities.
And The Wall Street Journal, as usual, is ...
Posted by Greg Feirman · 1 Comment »
The New King of Wall Street
June 15, 2007 · Category: Business Culture and Current Events, Private Equity
"You don't understand what drives him. Money is the measuring stick."
- Arline Schwarzman (subscription required), Mother of Steve Schwarzman, on the subject of Blackstone's IPO
A few months ago Fortune ran a magazine cover with the picture ...
Posted by Greg Feirman · No Comments »
The Irony of a Blackstone IPO
March 17, 2007 · Category: Business and Investment Philosophy, Business Culture and Current Events, Private Equity
Hypocrisy n. :
1. The practice of professing beliefs, feelings or virtues that one does not hold or posess; falseness.
2. An act or instance of such falseness.
CNBC and The Wall Street Journal yesterday broke the news that ...
Posted by Greg Feirman · No Comments »
