| 单词 | leveraged buyout |
| 例句 | While the name of that buyer was never revealed, it was widely thought to have been Theodore J. Forstmann, the leveraged buyout pioneer. Inside Art: Josh Smith in Venice And Connecticut 2011-04-14T21:03:10Z Mr. Holmes, who recently played the victim of a leveraged buyout in Mr. Hughes’s production of Ayad Akhtar’s “Junk,” now gets revenge as the alpha moneybags gleefully fiddling with someone else’s balance sheet. Review: ‘Dan Cody’s Yacht’ Sells Upward Mobility for Dummies 2018-06-07T04:00:00Z Bain Capital's portfolio started with a preponderance of simple investments like Staples, but shifted heavily toward more complex leveraged buyouts and other deals within several years, according to former Bain partners. A closer look at Romney's job creation record 2011-12-04T03:23:00Z That was its own kind of a leveraged buyout. The Man Who Bought New York 2018-05-05T04:00:00Z Until now, the company's debt of roughly $9.7 billion — a legacy of the company's 2007 leveraged buyout — was seen as an obstacle to a strong offering in the public markets. Moody's upgrades Univision credit rating, easing path to IPO 2014-12-31T05:00:00Z One good way to avoid being the target of a leveraged buyout is to keep the bulk of a company’s shares held back from the public. The Debt King 2022-01-07T05:00:00Z We aren’t really meant to care who prevails and who is outwitted in their leveraged buyout schemes; the play’s purpose is simply to expose the system. Review: In ‘Kings,’ Washington Is Where Idealism Goes to Die 2018-02-20T05:00:00Z More supply of new junk debt, including that backing recently announced leveraged buyouts, is expected to lift overall issuance volume of bonds and loans to $20 billion or more this month, said some investors. US junk debt deals carry higher guardrails for investors 2023-09-15T04:00:00Z A challenging financing market for leveraged buyouts amid high interest rates also weighed on the sale process. Buyout firm Roark sets conditions to clinch $9 bln-plus Subway deal-sources 2023-08-23T04:00:00Z It first rose to prominence with leveraged buyouts, the kinds of transactions made famous by “Barbarians at the Gate” and other chronicles of 1980s finance. Blackstone Becomes First $1 Trillion Private Equity Manager 2023-07-20T04:00:00Z Investment bankers and lawyers said the more challenging environment for leveraged buyouts made acquisitions difficult for private equity firms and contributed to the slump in activity. Global mergers and acquisitions plunge in Q2 but dealmakers see green shoots 2023-06-30T04:00:00Z The process started in 2005, when Onyx Capital acquired it through a leveraged buyout and took it public the same year. Column: This company made billions by surprise-billing helpless ER patients. Then justice arrived 2023-05-24T04:00:00Z Because regulations limit how many loans banks can keep on their books, banks have stepped back from underwriting leveraged buyouts as they struggle to sell debt that they committed before interest rates rose. Bank Turmoil Is Paving the Way for Even Bigger ‘Shadow Banks’ 2023-05-06T04:00:00Z He and partners moved into leveraged buyouts — acquiring companies using borrowed capital — that put the future of some businesses in his hands. Richard Riordan, Los Angeles mayor who led rebound after riots, dies at 92 2023-04-20T04:00:00Z He made a fortune once estimated at $100 million in venture capital and leveraged buyouts. Richard Riordan, former Los Angeles mayor, has died at 92 2023-04-20T04:00:00Z Michael Milken had helped popularize the financial instrument, with many using it as a way of funding leveraged buyouts. Factbox: The biggest financial crises of the last four decades 2023-03-25T04:00:00Z Private equity firms acquire businesses typically through leveraged buyouts, in which the acquisition is financed largely through borrowings to be paid back out of the acquired business’ revenues. Column: This company made billions by surprise-billing helpless ER patients. Then justice arrived 2023-05-24T04:00:00Z With financing having dried up for private equity-backed leveraged buyouts, buyers will have no option but to put up a lot of equity to get deals done in the near term, the conference participants said. Dealmakers expect pick-up in activity despite 'brick wall' facing M&A 2023-03-23T04:00:00Z Many of the leveraged buyouts that became bankruptcies in the wake of the 2008 financial crisis were the result of private equity firms saddling companies with debt to the hilt. Analysis: Banking turmoil takes the leveraged out of the buyout 2023-03-23T04:00:00Z During his four-decade career in leveraged buyouts, Mr. Lee struck enormous takeovers, including some hugely profitable ones, and helped define the industry as a major force on Wall Street. Remembering Thomas H. Lee, a Veteran of Private Equity 2023-02-24T05:00:00Z The billionaire Mr. Lee, 78, founded his namesake Boston firm in 1974, far ahead of the heyday of so-called leveraged buyouts. Thomas Lee, Private Equity Pioneer, Is Dead at 78 2023-02-23T05:00:00Z A US billionaire financier who helped pioneer the debt-fuelled corporate acquisition known as a leveraged buyout has been found dead, his family says. US billionaire financier Thomas Lee found dead at 78 2023-02-23T05:00:00Z Other Wall Street firms also may not have profited from Mr. Musk’s deal for Twitter, which was the largest leveraged buyout for a technology company. Advisory Firm Sues Elon Musk’s Twitter, Saying It Hasn’t Been Paid 2023-02-03T05:00:00Z These deals are not structured as the leveraged buyouts that private equity firms are mostly known for. Private equity acquires a taste for drug development 2023-01-09T05:00:00Z The financing market for leveraged buyouts seized up in 2022 as central banks raised interest rates, forcing large private equity firms to either write larger equity checks or abandon their takeover ambitions. Dealmakers brace for slow 2023 recovery after global M&A sinks 2022-12-21T05:00:00Z Private equity companies use much of that borrowed money in leveraged buyouts. Financial risks grow in shadowy corner of markets, worrying Washington 2022-12-18T05:00:00Z In September, Wall Street lenders led by Bank of America suffered a $700 million loss on the sale of about $4.55 billion in debt backing the leveraged buyout of business software company Citrix Systems Inc. Exclusive: Musk's banks to book Twitter loan losses, avoid big hits -sources 2022-12-14T05:00:00Z Supporters have criticized the Glazers for a perceived under-investment on and off the field, as well as the level of debt the family accrued during its leveraged buyout of the club. Why are Man United and Liverpool suddenly on the market? 2022-11-27T05:00:00Z Were a deal to materialize, it would rank among the largest leveraged buyouts of the year. EXCLUSIVE Carlyle seeks to line up bid for urgent care provider Heritage -sources 2022-11-15T05:00:00Z Mr. Musk is under tremendous scrutiny 11 days after completing his $44 billion deal for Twitter, which was the largest leveraged buyout of a technology company in history. Facing a Tide of Criticism, Elon Musk Is Tweeting Through It 2022-11-07T05:00:00Z In this kind of leveraged buyout, it is the company — not Musk — that is loaded up with the debt. Twitter spent years building its staff. Under Musk, half may lose their jobs within days 2022-11-04T04:00:00Z The deal was the largest leveraged buyout of a technology company in history. Elon Musk Begins Layoffs at Twitter 2022-11-03T04:00:00Z The frenzy of product development underlines the pressure that Mr. Musk, the world’s richest man, is under to deliver immediate results — and returns — on the technology industry’s largest-ever leveraged buyout. Elon Musk, Under Financial Pressure, Pushes to Make Money From Twitter 2022-11-03T04:00:00Z The firm has capitalized on the jittery debt markets by providing more debt for leveraged buyouts than many risk-averse banks are willing to. Apollo Global Q3 earnings rise 6% on direct lending bonanza 2022-11-02T04:00:00Z Blackstone yesterday struck what is the biggest leveraged buyout deal by a private equity firm so far this year, buying a majority stake in Emerson Electric’s air-conditioning business for $14 billion, including debt. Elon Musk May Yet Meet Twitter Executives in Court 2022-11-01T04:00:00Z The $44 billion acquisition was the largest leveraged buyout of a technology company in history. Can Elon Musk Make the Math Work on Owning Twitter? It’s Dicey. 2022-10-30T04:00:00Z One prospective investor, who spoke on the condition of anonymity to candidly describe Musk’s proposals, likened them to leveraged buyouts, where companies are made profitable through devastating cuts to labor and operations. Documents detail plans to gut Twitter’s workforce 2022-10-20T04:00:00Z But the environment for leveraged buyouts has since changed with global monetary tightening. EXCLUSIVE Toshiba's preferred bidder offers price short of key 6,000 yen a share -sources 2022-10-18T04:00:00Z Junk bonds, which private equity firms use to fund leveraged buyouts, have fared even worse with yields still at 11.7% as of Friday, compared with 9.8% before Sept. 23. After U-turn, Britain's economy still paying for Truss's growth plan 2022-10-17T04:00:00Z Typically, when investment banks fund a leveraged buyout, they try to offload that debt to outside investors, such as hedge funds and other big institutions. Elon Musk’s Renewed Twitter Bid Puts Pressure on Wall St. Banks Backing Him 2022-10-05T04:00:00Z Unlike traditional targets of leveraged buyouts, Twitter does not clearly have specific businesses to shed or downsize, like a struggling division. Can Elon Musk Make the Math Work on Owning Twitter? It’s Dicey. 2022-10-30T04:00:00Z Banks tasked with helping finance Apollo’s leveraged buyout of telecom assets reportedly called off a $3.9 billion debt offering after struggling to find investors. The Markets Face a Rare Double Decline 2022-09-30T04:00:00Z Efforts to fund $3.9 billion worth of debt to support Apollo’s leveraged buyout of telecom assets are reportedly struggling. Porsche Takes off in Trading Debut 2022-09-29T04:00:00Z The deal has become a key test for banks that are asked to finance big leveraged buyouts. Banks see strong demand for Citrix debt after discount -sources 2022-09-09T04:00:00Z The banks could also keep the debt on their balance sheets, just as they were recently forced to do in the $3.9 billion leveraged buyout of the telecom business Brightspeed. Elon Musk’s Renewed Twitter Bid Puts Pressure on Wall St. Banks Backing Him 2022-10-05T04:00:00Z EQT, the Swedish private equity giant, has raised $15 billion so far for its latest fund, despite a slowdown in leveraged buyouts. Bed Bath & Beyond Secures a Financial Lifeline 2022-08-31T04:00:00Z This year's policy guidelines mentioned a need to address potential issues related to leveraged buyout financing. Japan regulator to enhance bank surveillance as foreign interest rates rise 2022-08-31T04:00:00Z Sam Zell, the real estate mogul known in Chicago for putting together a leveraged buyout of the Tribune Company that preceded its bankruptcy, gave $1.1 million. Ken Griffin spent $54 million to fight tax hike on the rich. Secret IRS data shows it’s paying off 2022-07-07T04:00:00Z Most banks have been holding leveraged buyout debt on their books until the market improves. Banks see strong demand for Citrix debt after discount -sources 2022-09-09T04:00:00Z Banks, forced to swallow losses on risky loans, may pull back funding for leveraged buyouts. Crypto Crashed. Wall Street Won. 2022-07-05T04:00:00Z And Bloomberg says the junk debt market is “effectively frozen,” with lenders sitting on about $80 billion worth of commitments to finance leveraged buyouts. Reconsidering Privacy Risks After Roe 2022-06-30T04:00:00Z To be sure, investors are still assigning odds higher than 50% that these leveraged buyouts will be completed, based on how the shares of the target companies are trading. Thoma Bravo's renegotiated deal has U.S. investors wondering who's next 2022-06-07T04:00:00Z The strategy has diversified Silver Lake's investing that is focused on leveraged buyouts and growth investments and has helped differentiate it from its peers. Silver Lake's backing of dealmaking CEOs pays off 2022-05-26T04:00:00Z Through its private equity arm Evergreen Coast Capital, Elliott has pushed more into leveraged buyouts. Hedge fund Elliott chases oil and gas deals, bucking Wall Street 2022-05-25T04:00:00Z In the typical leveraged buyout, the purchaser looks to the company he’s buying to generate the cash to cover the interest payments on the buyout loans. Perspective | The flawed math behind Elon Musk’s Twitter deal 2022-05-02T04:00:00Z But he’s also following more standard practice for what Wall Street calls a leveraged buyout, borrowing $13 billion that would be transferred onto Twitter’s books. Can Elon Musk Make Twitter’s Numbers Work? 2022-04-30T04:00:00Z A deal for Twitter, if structured as a traditional leveraged buyout, would potentially be the largest such deal in at least the last two decades and would be difficult to finance for any buyer. Elon Musk Races to Secure Financing for Twitter Bid 2022-04-19T04:00:00Z Some private equity firms are also providing loans that go beyond leveraged buyouts. Analysis: With capital markets jittery, private equity pounces to finance tech buyouts 2022-04-04T04:00:00Z Federal Reserve has started raising interest rates to combat inflation and is expected to begin unwinding its bond-buying program, thus ending the era of easy financing for leveraged buyouts. Buyout firm TPG's fourth-quarter earnings jump 34% on strong asset sales 2022-03-28T04:00:00Z So did union busting, lethal leveraged buyouts of healthy companies and lack of investment in Heartland industries. Seattle’s tech sector powered through the pandemic, but the city’s advantage is at risk 2022-03-11T05:00:00Z Very little of Gray’s career at the private equity firm has involved leveraged buyouts — the aggressive deals, often involving large amounts of borrowed money and steep cost-cutting, that gave private equity its rapacious reputation. The new financial supermarkets 2022-03-10T05:00:00Z In most leveraged buyout deals, companies have large and steady cash flows. Elon Musk Races to Secure Financing for Twitter Bid 2022-04-19T04:00:00Z The Anaplan deal was the latest example of what capital market insiders see as the growing clout of private equity firms' lending arms in financing leveraged buyouts, particularly of technology companies. Analysis: With capital markets jittery, private equity pounces to finance tech buyouts 2022-04-04T04:00:00Z In the bankruptcy of media company Tribune Co, an examiner found evidence of dishonesty in the media company's disastrous 2007 leveraged buyout, ultimately leading to a $200 million settlement of related fraud claims in 2019. J&J unit proposes independent exam if it remains in bankruptcy 2022-02-18T05:00:00Z With its roots in leveraged buyouts, Carlyle has been trying to expand its credit platform in recent years. Carlyle in talks to acquire credit investment firm CBAM -sources 2022-02-04T05:00:00Z Known for its leveraged buyouts, TPG has invested across sectors from retail to healthcare. Private equity firm TPG valued at over $10 bln in strong market debut 2022-01-13T05:00:00Z In Oliver Stone’s 1987 “Wall Street,” financier Gordon Gekko’s iconic “greed is good” speech summarized the intellectual status of a decade of deregulation, junk bonds, leveraged buyouts and retreats by organized labor. Bad guys in banking movies are usually noisy. 'Azor' shows the horrors of silence. 2021-12-20T05:00:00Z After college she worked in the leveraged buyout department of an investment bank, then attended business school at Northwestern. Opinion | Pramila Jayapal Won’t Let the Biden Presidency Fail 2021-10-16T04:00:00Z From having their names as part of KKR’s acronym to maintaining a close-knit culture of old-school Wall Street loyalty, they maintained a tight grip on the firm and helped shape the leveraged buyout industry. KKR's Bae, Nuttall succeed founders as co-CEOs 2021-10-11T04:00:00Z In addition to engaging in leveraged buyouts, Warburg is a leading venture capital and growth equity investor. Exclusive-Warburg Pincus seeks $16 billion for private equity fund -sources 2021-09-16T04:00:00Z Mr. Zell, the real estate maverick and billionaire whose nickname is “the grave dancer,” took Tribune Publishing private in a leveraged buyout in 2007. Why Buy a Yacht When You Can Buy a Newspaper? 2021-04-10T04:00:00Z This kind of deal is called a leveraged buyout - which means that it involves large amounts of debt. Asda: How to buy a £6.8bn supermarket for £780m 2021-02-16T05:00:00Z As yet, he appears not to have commented on the leveraged buyout of Burnley that David Conn helped bring to light in these pages. Premier League team news and more: weekend football countdown – live! 2021-02-05T05:00:00Z Private equity firms capitalized on the plentiful financing available and stepped up leveraged buyouts, with their deals up 20% at $570 billion. Fewer companies caught the deal bug in the year of the pandemic 2020-12-31T05:00:00Z That was also powered by a sharp fall in borrowing costs, including for the higher-yield debt used in leveraged buyouts, as central banks pumped in stimulus. Analysis: Low on stock - Pandemic-era IPO boom may not reverse equity shortage 2020-11-16T05:00:00Z The majority of leveraged buyouts are backed between 60 to 90 percent with loaned money. Students fear for their data privacy after University of California invests in private equity firm 2020-07-28T04:00:00Z More recently, the sector has been notorious for financing leveraged buyouts and speculative energy plays. High-Yield Bonds Have Been Behaving a Lot Like Stocks 2020-07-09T04:00:00Z A large part of the answer lies in a move to block corporate consolidation and predatory acquisition, preventing the leveraged buyout of the economy. Only bold state intervention will save us from a future owned by corporate giants | Joe Guinan and Martin O'Neill 2020-07-06T04:00:00Z J. Crew and Neiman Marcus were carrying heavy debt loads from leveraged buyouts by private equity firms while struggling to deal with the changing preferences of shoppers who increasingly buy online. A tidal wave of business bankruptcies is expected 2020-06-20T04:00:00Z An untenable debt burden accrued as part of two leveraged buyouts by private-equity firms and changing consumer shopping habits combined to render its position precarious even before the virus hit. Neiman Marcus, a Symbol of Luxury, Files for Bankruptcy 2020-05-07T04:00:00Z Its borrowing ballooned after it was acquired in a 2013 leveraged buyout by Ares Management Corp. and the Canada Pension Plan Investment Board. Neiman Marcus files for bankruptcy, flattened by debt and idled by coronavirus 2020-05-07T04:00:00Z I didn’t know what a leveraged buyout was, but it sounded more attractive than practicing law. Billionaire Confessional: David Rubenstein on Wealth and Privilege 2020-03-12T04:00:00Z In the 1980s, the first generation of leveraged buyout kings — an industry now known as private equity — identified problems with American corporations. How Private Equity Buried Payless 2020-01-31T05:00:00Z The citizen’s band radio craze, leveraged buyouts and political correctness – Caldwell fits all these topics and more into an engaging, questioning book that proceeds at almost dizzying speed. Review: `The Age of Entitlement’ is a fascinating read 2020-01-24T05:00:00Z “Their leveraged buyouts have destroyed the lives of retail workers across the country, scrapping 1+ million jobs. Now they’re holding @taylorswift13’s own music hostage. They need to be reigned in.” Taylor Swift, Elizabeth Warren and the private equity debate, explained 2019-11-18T05:00:00Z The toys retailer filed for Chapter 11 in September, hoping to restructure some $5 billion in debt, much of which stemmed from a $6.6 billion leveraged buyout by private equity firms in 2005. Factbox: Major U.S. retail bankruptcies since 2017 2019-09-30T04:00:00Z I read that Bill Simon had done a leveraged buyout in the early 1980s where he bought Gibson Greeting Cards and made $80 million on a $1 million investment. Billionaire Confessional: David Rubenstein on Wealth and Privilege 2020-03-12T04:00:00Z Campbell, 25, also lives in New York City and works in finance at a private equity firm focusing on mergers and acquisitions and leveraged buyout. Ina Kim-Schaad stopped playing golf for 11 years. She's now the U.S. Women's Mid-Am champion - Golf Digest 2019-09-19T04:00:00Z The Tribune Litigation Trust, which represents the unsecured creditors, filed a fraudulent conveyance lawsuit to recover losses, alleging the leveraged buyout was a breach of fiduciary duties by “virtually every participant” in the transaction. Ten years after Tribune Co. 'deal from hell,' Sam Zell and other former execs agree to pay $200M to settle leveraged buyout lawsuit 2019-06-14T04:00:00Z Companies began to see the strategic value of a well-executed Chapter 11 case, using reorganization to shed financial obligations, such as jury awards in product liability cases or the debt amassed in leveraged buyouts. One Man vs. McKinsey: A Billionaire Says the Consultancy Has Rigged the Bankruptcy System 2019-04-11T04:00:00Z Under the control of Apollo Global Management and TPG Capital following a leveraged buyout in 2008, McDevitt said Caesars was left a “disastrous level of debt” that ended in the casino’s bankruptcy. Union: Protect casino workers from hedge fund neglect 2019-04-10T04:00:00Z Private equity firms complained that it was harder to obtain loans for leveraged buyouts. How regulators, Republicans and big banks fought for a big increase in lucrative but risky corporate loans 2019-04-06T04:00:00Z But the company filed for bankruptcy last year, burdened by $20 billion in debt left over from a leveraged buyout a decade ago, on the eve of the 2008 recession. The Radio Giant iHeartMedia Prepares for Possible I.P.O. 2019-04-03T04:00:00Z District Court for the Southern District of New York dismissed the litigation trust’s claims against all former shareholders who sold at least $50,000 worth of the company's stock during the 2007 leveraged buyout. Ten years after Tribune Co. 'deal from hell,' Sam Zell and other former execs agree to pay $200M to settle leveraged buyout lawsuit 2019-06-14T04:00:00Z J. Crew, which was taken private in 2011 by TPG Capital and Leonard Green & Partners in a roughly $3 billion leveraged buyout, is also interviewing restructuring specialists at investment banks, the sources said. Exclusive: J. Crew turns again to debt restructuring lawyers - sources 2019-03-28T04:00:00Z The company first listed its shares in the 1970s, but was taken private in 1985 through a leveraged buyout led by descendants of Strauss, known as the Haas family. Levi’s Goes Public, With Jeans on the Trading Floor 2019-03-21T04:00:00Z After 14 years as a public company, it was taken private by the Haas family, the descendants of founder Levi Strauss, in a $1.6 billion leveraged buyout. Levi Strauss shares surge 31 percent in return to stock market 2019-03-21T04:00:00Z The company first listed its shares in the 1970s, but was taken private in 1985 through a leveraged buyout led by descendants of Levi Strauss, the Haas family. Levi’s, Whose Jeans Are a Rugged Symbol of Americana, Prepares to Go Public 2019-03-18T04:00:00Z The settlement agreement also excludes financial advisers to the leveraged buyout such as Citibank, Merrill Lynch and Morgan Stanley, with the litigation trust appealing an earlier dismissal against those defendants. Ten years after Tribune Co. 'deal from hell,' Sam Zell and other former execs agree to pay $200M to settle leveraged buyout lawsuit 2019-06-14T04:00:00Z In a typical leveraged buyout, private equity firms juice up returns by loading up acquisitions with debt, which is often provided by banks. Private equity investors fret about managers overpaying for deals 2019-03-01T05:00:00Z In 1968, he used a leveraged buyout to take over a packaging products company owned by the father of his late wife, Myra, before starting another paper commodities company called International Forest Products. Robert Kraft, who helped build Patriots into dynasty, finds himself at center of scandal 2019-02-22T05:00:00Z Companies that end up in bankruptcy after leveraged buyouts, like Sears and media giant Tribune Co. , or after being spun off, like chemical company Tronox Inc., often prompt such lawsuits from creditors. Sears Creditors Oppose Sale to Edward Lampert 2019-01-17T05:00:00Z The deal puts private-equity firm KKR & Co. a bit closer to exiting its investment in First Data, which it took private in 2007 in one of the largest leveraged buyouts ever. Fiserv to Acquire First Data in $22 Billion All-Stock Deal 2019-01-16T05:00:00Z One common factor for these troubled chains is that they are overloaded with debt – often from leveraged buyouts led by private equity firms. Closing down sale: is this the end of Sears? 2019-01-13T05:00:00Z Dell Technologies Inc. made its re-entry to the public markets Friday, five years after its eponymous founder and a big private-equity firm took it private in the biggest-ever technology leveraged buyout. Dell Returns to Public Equity Markets 2018-12-28T05:00:00Z The StandardAero deal would be Carlyle’s second major leveraged buyout this year. Carlyle nearing deal to buy StandardAero for more than $5 billion:... 2018-12-17T05:00:00Z This is Toys R Us redux: another profitable company felled through a leveraged buyout that liquidated the company’s assets to pay the investor group’s debts. Opinion | Poor-quality caregiving must never be tolerated 2018-11-30T05:00:00Z The first is Toys R Us, the once-dominant retail chain that got slaughtered after the leveraged buyout crowd took it over and loaded it with debt. Perspective | Elon Musk leads 2018’s business turkeys, but he has some stuffed competition 2018-11-21T05:00:00Z Bain and KKR are two of the three firms that bought Toys R Us in a 2005 leveraged buyout and loaded it up with billions of dollars in debt before liquidating the chain in June. Laid off Toys R Us workers to receive severance payments from private equity funds 2018-11-20T05:00:00Z Five years later, current owner Clayton, Dubilier & Rice took control in a $1.05-billion leveraged buyout that was the industry’s largest at the time, but sales and earnings weren’t enough to carry the debt load. David's Bridal files for bankruptcy and stays open. 'Orders will arrive on time,' it says 2018-11-19T05:00:00Z At the time, the company was struggling under a debt load from a 2011 leveraged buyout by TPG and Leonard Green & Partners LP. J. Crew CEO steps down despite signs of a turnaround at the clothing chain 2018-11-17T05:00:00Z If a deal is reached, it would be one of the largest leveraged buyouts in a year filled with big ones. Johnson Controls Hits Snag in Process to Sell Car-Battery Business 2018-11-08T05:00:00Z They earned nicknames like “Chainsaw Al,” “Neutron Jack” and the “Junk-Bond King” and popularized concepts like Six Sigma, power lunches, leveraged buyouts and a cutthroat worker-evaluation philosophy called “rank and yank.” Goodbye Swaggering CEOs; Hello Mr. Rogers 2018-11-03T04:00:00Z Toys R Us liquidated its U.S. business earlier this year, after filing for Chapter 11 reorganization following a leveraged buyout that hobbled the company. Toys R Us investors plan comeback for brand 2018-10-03T04:00:00Z Dell, which was previously public, went private in a roughly $25 billion leveraged buyout in 2013 by its founder, Michael Dell, and investment firm Silver Lake. Dell to Interview Banks for IPO in Lieu of Tracking-Stock Acquisition 2018-09-23T04:00:00Z Jefferies analyst Martin Deboo said the most likely exit options were a leveraged buyout or a sale to L’Oreal, if the French cosmetics firm followed Nestle in making a strategic U-turn. Nestle aims to shed skin unit to focus on food, nutrition 2018-09-20T04:00:00Z They said a sale to L’Oreal or a leveraged buyout were the main exit options. Nestle puts skin health unit up for sale to focus on food, nutrition 2018-09-20T04:00:00Z Toys R Us was hobbled by $5 billion in debt after a leveraged buyout that left it unable to invest and keep up. Lego earnings hurt by Toys R Us closures 2018-09-04T04:00:00Z Many factors contributed to the retailer’s troubles, including the costs of a leveraged buyout, competition from Amazon.com Inc. and a disastrous Christmas season. Who Killed Toys ‘R’ Us? Hint: It Wasn’t Only Amazon 2018-08-23T04:00:00Z Still, this is not the way multibillion-dollar leveraged buyouts are typically announced. Tesla to Go Private? Stock Soars After Elon Musk Hints Yes 2018-08-07T04:00:00Z Spiegel, whose fund is short Tesla by holding puts that expire in January 2020, said it was “unfathomable to me” that anyone would finance a Tesla leveraged buyout. Tesla buyout would add to year of pain for short-sellers 2018-08-07T04:00:00Z The management disarray stems largely from an ownership setup put in place more than a decade ago, after a $13.7 billion leveraged buyout took the company private. ‘I Quit, I Quit!’ Boardroom Turmoil Aggravates Univision’s Problems 2018-07-26T04:00:00Z Arconic Inc. is weighing takeover approaches from at least two private-equity groups, according to people familiar with the matter, in what would be one of the biggest recent leveraged buyouts. Arconic Weighs Buyout Approaches From Apollo and Blackstone-Carlyle Pairing 2018-07-25T04:00:00Z One hurdle to confirmation of a chapter 11 plan and a subsequent sale remains a group of iHeartMedia holdouts—the so-called legacy bondholders—who invested in the company before the leveraged buyout. A Bidding War Brews Over Bankrupt iHeartMedia 2018-07-09T04:00:00Z The debt from the leveraged buyout, in addition to industry headwinds, helped topple Toys “R” Us. Former Toys ‘R’ Us Kids Say Goodbye as Final Store Closes 2018-07-04T04:00:00Z Dell founder Michael Dell and investment firm Silver Lake took Dell private in a leveraged buyout in 2013 for about $25 billion. Dell Technologies Confirms Deal That Would Mark Return to Public Markets 2018-07-02T04:00:00Z The company went private in a roughly $25 billion leveraged buyout in 2013 by its founder, Michael Dell, and investment firm Silver Lake. Dell Nears Deal to Swap Out DVMT Tracking Stock 2018-07-01T04:00:00Z Toys “R” Us filed for Chapter 11 bankruptcy protection in September hoping to restructure some $5 billion in debt, much of which stemmed from a $6.6 billion leveraged buyout by private equity firms in 2005. In farewell to U.S. shoppers, Toys 'R' Us urges 'Play on!' 2018-06-29T04:00:00Z The company, which also owned the Babies R Us chain, was hobbled by $5 billion in debt after a leveraged buyout that left it unable to invest and keep up. Goodbye, Geoffrey: Toys R Us closing its last stores 2018-06-28T04:00:00Z Following a string of Democratic victories in cities and states where Clear Channel was leasing stations to Air America, the company was purchased in a leveraged buyout by Mitt Romney’s Bain Capital and Thomas Lee. Tom Steyer — you want Trump out? Buy Clear Channel 2018-06-26T04:00:00Z Innovations in finance, such as junk bonds, tender offers, leveraged buyouts, share buybacks, credit default swaps and other such products, also looked like great ideas at first. Review | How America became a divided nation of the protected and the unprotected 2018-06-22T04:00:00Z KKR & Co. is nearing a deal to buy Envision Healthcare Corp. for $46 a share, or about $5.5 billion, according to people familiar with the matter, in one of the largest recent leveraged buyouts. KKR Nears Deal to Buy Envision Healthcare 2018-06-10T04:00:00Z Guitar Center staved off those concerns for a few years when later that month it refinanced its $1-billion-plus debt from a 2007 leveraged buyout. Guitar Center looked ready for its swan song, but now the retailer is gearing up for an encore 2018-06-06T04:00:00Z Workers also called for new regulations on leveraged buyouts, as well as windfall taxes that would prevent private-equity firms from running a business into the ground and then walking away with huge sums of money. ‘How can they walk away with millions and leave workers with zero?’: Toys R Us workers say they deserve severance 2018-06-01T04:00:00Z Crushed by debt, Beatrice was later sold off in a huge leveraged buyout. Samsonite C.E.O. Resigns After Accusation of Résumé Fraud 2018-06-01T04:00:00Z Several of these leveraged buyouts, such as retailer Toys R Us and casino operator Caesars Entertainment, ended up in bankruptcy, succumbing to the downturn and the heavy debt load private equity firms saddled them with. Private equity firms bet on stock market's fixer-uppers 2018-05-18T04:00:00Z Private equity, which is another name for leveraged buyouts, created hugely successful investment firms such as Blackstone Group, the Carlyle Group and KKR. Jeff Zients was with Obama for the long haul — and now he’s going long in investing 2018-05-11T04:00:00Z Toys “R” Us filed for bankruptcy protection in September after struggling with more than $5 billion in debt from a leveraged buyout. Toy Maker Plans Toys ‘R’ Us Bid After Longshot Crowdfunding Campaign 2018-04-13T04:00:00Z Why should the government be subsidizing leveraged buyouts that typically hobble the parent company forcing job and pay cuts to cover the cost of the new debt. Broad Spending Bills Here to Stay as Long as Congressional Dysfunction Reigns 2018-03-30T04:00:00Z A 2005 leveraged buyout left it saddled with billions of dollars in debt, while changing customer preferences quickened its demise. This billionaire wants your help — and $800 million — to save Toys R Us 2018-03-22T04:00:00Z Burdened with debt from a leveraged buyout in 2005, the toy giant struggled to adjust quickly enough to fast-changing consumer tastes and e-commerce encroachment. Claire’s, the Teen Jewelry Chain, Files for Chapter 11 Bankruptcy 2018-03-19T04:00:00Z Mai, 78, is a liberal Democrat who built his reputation and fortune on the very leveraged buyouts firms with whom he now competes. Jeff Zients was with Obama for the long haul — and now he’s going long in investing 2018-05-11T04:00:00Z A company usually doesn’t get into this kind of mess without “financial engineering,” leveraged buyouts and/or private equity. Both predators and prey: Toys ‘R’ Us and iHeartMedia 2018-03-16T04:00:00Z For an individual, raising the tens of billions of dollars required to initiate a leveraged buyout of more than $120 billion would be unprecedented, particularly if he was restricted to U.S. funding sources. Qualcomm's former chairman reportedly is trying to take the company private 2018-03-16T04:00:00Z Jacobs is attempting to put together the largest leveraged buyout of all time, three times as large as the $45 billion buyout of Texas power utility Energy Future Holdings, which ended in bankruptcy. Former Qualcomm chairman explores long-shot bid for U.S. chip... 2018-03-16T04:00:00Z Companies targeted by leveraged buyouts are often further constrained. Claire’s, the Teen Jewelry Chain, Files for Chapter 11 Bankruptcy 2018-03-19T04:00:00Z A year later, KB Toys — which was also purchased in a leveraged buyout by Bain Capital — closed all of its stores after two bankruptcy filings. Analysts: Toys R Us might have survived if it did not have to deal with so much debt 2018-03-15T04:00:00Z Their leveraged buyout in 2008 was the reason for much of iHeart's borrowing, and the company hasn't posted an annual net profit for a decade. IHeartMedia, largest U.S. radio station operator, files for bankruptcy to cut huge debt load 2018-03-15T04:00:00Z The mergers and leveraged buyouts of the 1980s ravaged the American steel industry. Unpacking Trump’s tariffs on steel, aluminum imports — and the risk of a trade war 2018-03-02T05:00:00Z In 2007, Tribune sold itself to Chicago real estate investor Sam Zell in a costly leveraged buyout that left the company drowning in debt. Los Angeles Times, San Diego Union-Tribune sold to billionaire Patrick Soon-Shiong 2018-02-07T05:00:00Z It was in the early 1990s, and Clare was a confident newcomer in a nascent firm full of lawyers and government types that was trying to make a name in the world of leveraged buyouts. Perspective | Meet the Carlyle Group’s $174 billion man 2018-02-02T05:00:00Z Staples Inc. Chief Executive Shira Goodman is leaving the company, according to people familiar with the matter, less than a year after the office supplier was taken private in a leveraged buyout. Staples CEO Shira Goodman Departs 2018-01-26T05:00:00Z Toys ‘R’ Us filed for chapter 11 bankruptcy protection in September, hurt by competitors including Wal-Mart Stores Inc. and Amazon.com Inc. The company also contended with heavy debt, stemming from a leveraged buyout in 2005. Toys ‘R’ Us to Close About 180 U.S. Stores This Year 2018-01-24T05:00:00Z Neiman Marcus Group Ltd., the luxury retailer saddled with debt from two subsequent leveraged buyouts, is preparing to appoint a new chief executive, according to people familiar with the situation. Neiman Marcus CEO to Step Aside 2018-01-04T05:00:00Z Around a third of all leveraged buyouts are expected to be worse off under the new tax system, according to Moody’s Investors Service Inc. U.S. tax curbs on debt deduction to sting buyout barons 2017-12-21T05:00:00Z Its $6.6 billion leveraged buyout in 2005 led to expensive interest payments that ate up cash Toys “R” Us could have used to improve stores. Toys 'R' Us plans new playdate with U.S. shoppers 2017-12-21T05:00:00Z Now, this article explains the leveraged buyout pretty well. Why Companies Like Toys ‘R’ Us Love to Go Bust in Richmond, Va. 2017-11-14T05:00:00Z The retail chain’s founding family said that it wouldn’t pursue a leveraged buyout company of the department store operator until at least after the holiday season. The Growing Costs of Netflix’s Dominance: DealBook Briefing 2017-10-17T04:00:00Z The Nordstrom family has suspended plans to take the company private until after the holiday season, after struggling to raise enough financing for the leveraged buyout. Nordstrom Family Suspends Effort to Take Retailer Private 2017-10-16T04:00:00Z Around a third of all leveraged buyouts are expected to be worse off under the new tax system, according to Moody’s Investors Service Inc. U.S. tax curbs on debt deduction to sting buyout barons 2017-12-21T05:00:00Z Its $6.6 billion leveraged buyout in 2005 led to expensive interest payments that ate up cash Toys “R” Us could have used to improve stores. Toys 'R' Us plans new playdate with U.S. shoppers 2017-12-21T05:00:00Z But while Caesars spent years struggling under the debt from the leveraged buyout, its rivals were planting their flags in Macau and Singapore. Caesars bankruptcy ends amid Asia market shift, Vegas shooting 2017-10-05T04:00:00Z Three private-equity firms bought Toys “R” Us in 2005 in a leveraged buyout, adding substantially to its borrowings; it pays around $400m a year in interest costs, even as it tries to compete with Amazon. Toys “R” Us files for bankruptcy 2017-09-20T04:00:00Z Add to that piles of mounting debt — much of it dating to a 2005 leveraged buyout — and it was clear, many said, that the 60-year-old brand was in trouble. Toys R Us — crushed by debt — files for bankruptcy 2017-09-19T04:00:00Z The transaction would be the largest European leveraged buyout in four years. Morning Agenda: The Next Big Battle for Business is Immigration 2017-09-01T04:00:00Z Energy Future is what remains of TXU, which was the subject of a $44 billion leveraged buyout at the height of the debt boom. Morning Agenda: Debating Gary Cohn’s Future in Washington 2017-08-17T04:00:00Z But while Caesars spent years struggling under the debt from the leveraged buyout, its rivals were planting their flags in Macau and Singapore. Caesars bankruptcy ends amid Asia market shift, Vegas shooting 2017-10-05T04:00:00Z The termination of the negotiations shows that banks are still reluctant to finance leveraged buyouts of mature technology companies at hefty valuations. BMC Software ends merger talks with peer CA: source 2017-07-27T04:00:00Z Though deals like the RJR Nabisco takeover continue to loom large over the industry, these firms have sought to move beyond simple leveraged buyouts. Next Generation at K.K.R. Set as It Names Two Co-Presidents 2017-07-17T04:00:00Z Steel’s American Bridge division, which he later bought in a leveraged buyout. Quiet luxury by the water in the Palmetto State 2017-07-12T04:00:00Z All struggled under the debt load of a leveraged buyout. Fashion M&A, like a crop top, is hard to pull off 2017-07-10T04:00:00Z The son of a former director for bank supervision for the Federal Deposit Insurance Corporation, Mr. Flannery worked with a group that assessed risks in providing financing for the booming arena of leveraged buyout deals. A Lifer at General Electric, John Flannery Is Named Chief Executive 2017-06-12T04:00:00Z The termination of the negotiations shows that banks are still reluctant to finance leveraged buyouts of mature technology companies at hefty valuations. BMC Software ends merger talks with peer CA: source 2017-07-27T04:00:00Z Mr. Flannery has been with G.E. for 30 years, beginning at GE Capital with a focus on evaluating risk for leveraged buyouts. Jeffrey Immelt Set to Retire as General Electric Chief 2017-06-12T04:00:00Z “This was a leveraged buyout, so J Crew, a little, teeny company, was sitting there in a highly competitive environment burdened with billions in debt,” says Davidowitz. Too hip or too dull? The many reasons J Crew lost its spot in Americans' closets 2017-06-10T04:00:00Z The family, which owns 31.2 percent of outstanding stock, must avoid a conventional leveraged buyout at all costs. Nordstrom to Wall Street: Drop dead? 2017-06-08T04:00:00Z Discount retailer Payless ShoeSource is investigating whether its leveraged buyout by private equity firms and the dividend payments they received led to its bankruptcy, according to court papers. Payless to try fending off creditor probe of owners with own review 2017-05-25T04:00:00Z Faludi previously won a Pulitzer while at The Wall Street Journal, where she wrote about the human cost of the leveraged buyout of a supermarket chain. Bowdoin professor came close to winning second Pulitzer 2017-04-12T04:00:00Z Goldman Sachs took the side of companies under attack from corporate raiders and leveraged buyout firms. Stephen K. Bannon, architect of anti-globalist policies, got rich as a global capitalist 2017-03-31T04:00:00Z Credit markets remained wide open, favoring not just big corporate deals but also leveraged buyouts. Trump helps make cross-border M&A great again 2017-03-30T04:00:00Z The highly leveraged buyout of Univision has been rocky, and a planned initial public stock offering has been delayed for nearly two years. He believed in 'Power Rangers' when nobody else did, and it turned him into a billionaire 2017-03-19T04:00:00Z Programmers are now supporting those handling equity underwriting, leveraged buyouts and deals within the financial services and real estate sectors. Geeks venture into Goldman Sachs' world of big deals and egos 2017-02-14T05:00:00Z Where I disagree with the author is with the portrayal of all private equity firms as practitioners of leveraged buyouts that destroy companies and employment. Stephen Schwarzman’s Bad Business Advice 2017-02-07T05:00:00Z Other companies will shed unwanted assets some other way, such as closing or selling them to a leveraged buyout firm with less compunction about slashing jobs and wages. When Presidents Defy Economic Gravity, Gravity Usually Wins 2016-12-07T05:00:00Z Salomon was, of course, a Wall Street bond titan at the time and would eventually help define the go-go 1980s “Barbarians at the Gate” era of leveraged buyouts. The Money Management Gospel of Yale’s Endowment Guru 2016-11-05T04:00:00Z The move comes after some spectacular failures in traditional leveraged buyouts of energy companies. Double Eagle Energy, a Texas unicorn, preps for a rare oil IPO 2016-10-18T04:00:00Z However, its founders are not expecting to do traditional private-equity-style leveraged buyouts. Perella Weinberg Partners Split Off to Open Investment Firm 2016-09-28T04:00:00Z The study noted that the leveraged buyouts of the 1980s were tremendously productive and a mechanism for disciplining managers to focus on increasing value. From Corporate Pay to Private Prisons—Lessons From the Nobelists 2016-10-11T04:00:00Z Caesars became a symbol of the excesses of the leveraged buyout boom. Caesars Entertainment to Emerge From Chapter 11 Bankruptcy 2016-09-27T04:00:00Z The case applied to the Lyondell case and other leveraged buyouts equally, at least those litigated in New York. Trying to Turn Back the Clock on Deals Gone Sour 2016-08-23T04:00:00Z The move illustrates how Blackstone, the world's largest private equity firm, pursues innovative ways to secure deals when traditional leveraged buyouts are less attractive financially amid competition from companies such as Honeywell. Exclusive: Blackstone challenges Honeywell with JDA financing plan - sources 2016-08-16T04:00:00Z Much of this is the result of the debt the company took on in its $8.2 billion leveraged buyout in 2007 by private equity firms Silver Lake Partners LP and TPG Capital LP. Exclusive: Genesys in bid to buy Avaya's call center business - sources 2016-08-05T04:00:00Z In “Brightness Falls,” Russell became caught up in the leveraged buyout frenzy of the nineteen-eighties and recklessly attempted to buy the publishing company where he worked. Jay McInerney’s Middle-Aged Malaise 2016-08-01T04:00:00Z The move freed up around $1.2 billion of cash in the first 15 months after its leveraged buyout, based on an analysis of SEC filings. Will EMC Adopt Dell’s Lengthier Payment Terms 2016-07-18T04:00:00Z One was in October 1989, when the failure of a leveraged buyout of United Airlines devastated the junk bond market. Why Will Markets Recover From ‘Brexit’? Clues From Past Crises 2016-06-30T04:00:00Z Unlike its previous offers to companies, where Elliott threatened to buy a business it was agitating against, this time the attempted leveraged buyout was not a target of Elliott. Dell software deal flexes Elliott's newly developed buyout muscle 2016-06-20T04:00:00Z Vice Chancellor Laster also asserted that because the pricing was based on a leveraged buyout model, it was not a market price. Ruling on Dell Buyout May Not Be Precedent Some Fear 2016-06-07T04:00:00Z Though T. Rowe publicly declared that it was opposed to the leveraged buyout, it actually — and mistakenly, because of the complexities of modern shareholder systems — voted in favor of the transaction. Dell Buyout Deal Shortchanged Shareholders, Court Rules 2016-05-31T04:00:00Z A leveraged buyout of the chain by a private equity firm led to an aggressive store-opening plan that vacuumed up cash and sent the stock company’s stock price plummeting. Fairway, Unable to Fend Off Rivals, Files for Bankruptcy 2016-05-03T04:00:00Z Two years ago, the former TXU Corp. sought protection from creditors to deal with an overload of debt from a leveraged buyout amid rough conditions in the energy market. Energy Future Files New Chapter 11 Exit Plan 2016-05-01T04:00:00Z But most of the layoffs at Macquarie, which were announced internally earlier this month, targeted industry coverage rather than leveraged buyout bankers. Macquarie lays off 15 percent of U.S. investment banking group: sources 2016-04-13T04:00:00Z It took on its heavy debt load as a result of a 2008 leveraged buyout, led by Apollo and TPG, that crippled its balance sheet right as the financial crisis hit. Bankruptcy Examiner Finds Plausible Claims Against Caesars 2016-03-16T04:00:00Z Salomon also fell behind Drexel Burnham and other firms brokering the lucrative boom in leveraged buyouts and hostile corporate takeovers. John Gutfreund, Who Ran Salomon Brothers at Its Apex, Is Dead at 86 2016-03-09T05:00:00Z Banks have had trouble selling debt related to leveraged buyouts since late last year. Exclusive: Jefferies restructures junk debt business, bankers leave - sources 2016-03-06T05:00:00Z Sports Authority is owned by Leonard Green & Partners L.P., which bought it in a $1.3-billion leveraged buyout in 2006, but could find a new owner, at a lower price, in bankruptcy. Bankruptcy Lenders Put Sports Authority on Short Leash 2016-03-02T05:00:00Z Apollo Global Management LLC is using fancy footwork to get one of the biggest leveraged buyouts in years through an increasingly jittery debt market. Apollo Takes New Tack on ADT Deal Financing 2016-02-17T05:00:00Z Bonds of major retailers that went through leveraged buyouts have fallen to distressed levels, a signal that their private-equity owners are running out of options. How Bad Is Retail? Look at the Bonds 2016-01-25T05:00:00Z They included: private equity funds that sponsor the leveraged buyout of companies, mezzanine funds that lend to companies, with some specializing in companies in financial distress, and specialized real estate funds. Goldman-run funds most popular with Republican candidates, disclosures show 2016-01-21T05:00:00Z A leveraged buyout would be challenging because of the choppy debt markets, and there is no certainty the company's negotiations with potential buyers will lead to any deal, the people said. Exclusive: Progress Software exploring sale - sources 2016-01-14T05:00:00Z Large banks still provide the bulk of loans used to pay for leveraged buyouts. The Junk-Bond Market’s Newest Big Buyer: Goldman Sachs 2016-01-08T05:00:00Z They are called “leveraged buyouts” for a reason. A Growing Conflict in Wall St. Buyouts 2016-01-04T05:00:00Z In 2007, the surge was the result of enormous leveraged buyouts. A Standout Year for Deals, in Volume and Complexity 2016-01-03T05:00:00Z Even so, the data shows that the lion’s share of bond proceeds went to pay off other debt owed by the companies and to finance acquisitions and leveraged buyouts. A Missed Opportunity of Ultra-Cheap Money 2015-12-17T05:00:00Z In June, G.E. agreed to sell the bulk of a division that finances leveraged buyouts to the Canada Pension Plan Investment Board in a $12 billion deal. General Electric to Sell Units to Crédit Mutuel of France 2015-12-03T05:00:00Z Loans to fund leveraged buyouts, in which a small group of investors uses borrowed money to purchase a company, fell 11% to $67.7 billion. Feds Win Fight Over Risky-Looking Loans 2015-12-03T05:00:00Z While 31 percent of students said they were going to work for financial services companies, about three quarters of that group went into venture capital, private equity and leveraged buyout firms. Exclusive: Three Goldman bankers leave for Uber as tech world raids Wall Street talent 2015-11-25T05:00:00Z Some private equity firms opted for private investment in public equities, or PIPEs, in lieu of large leveraged buyouts. A Standout Year for Deals, in Volume and Complexity 2016-01-03T05:00:00Z Critics, though, questioned whether even that performance was enough to compensate for the risks inherent in the business, which involves leveraged buyouts and other direct investments in non-public companies, including startups. CalPERS paid $3.4 billion in private equity bonuses since 1990 2015-11-24T05:00:00Z A large portion of the paper losses is from debt issued by Veritas, a software entity that the private equity firm Carlyle Group is buying in a $5.5 billion leveraged buyout. As Investors Shun Debt, Banks Are Left Holding the Bag 2015-11-19T05:00:00Z They issued what amounted to a leveraged buyout of the university’s leadership. Former NFL Coach: More Athletes Should Become Activists 2015-11-12T05:00:00Z She added that the largest impact was probably a decline in opportunistic deals and dividends and the more aggressive leveraged buyouts. Sensible Pricing Comes to High-Risk Debt Securities 2015-10-28T04:00:00Z The group acquired the company in a 2007 leveraged buyout that left the company awash in debt. Univision, preparing for an IPO, reports 10% higher third-quarter revenue 2015-10-27T04:00:00Z I.D.C. was taken private five years ago by the investment firms Silver Lake and Warburg Pincus, which paid about $3.4 billion in what was one of the bigger leveraged buyouts of 2010. N.Y.S.E. Owner to Buy Interactive Data for $5.2 Billion 2015-10-26T04:00:00Z The timing was not ideal for one of the largest leveraged buyouts in history, as the financial crisis crimped the business. Companies Eyeing Public Offerings Reckon With Inhospitable Market 2015-10-14T04:00:00Z The biggest deals tend to happen at the end of a bull market cycle, like the 2007 leveraged buyout of the Texas utility TXU, which ended with a bankruptcy filing last year. In a Flurry of Deals, the Beginning of the End? 2015-10-12T04:00:00Z Though the reports were inaccurate, Mr. Dell and Egon Durban, a managing partner at Silver Lake who led the leveraged buyout in 2013, began to weigh the merits of buying the embattled data storage company. Dell to Buy EMC in Biggest Tech Takeover, a Year in the Making 2015-10-12T04:00:00Z Morgan struggled to sell $1.2 billion of loans backing the leveraged buyout of online clothing retailer FullBeauty Brands, investors said this week. Debt Markets Hold Key to Dell’s Bold EMC Bid 2015-10-09T04:00:00Z A big test will be how investors view First Data’s large debt load, a legacy of its leveraged buyout, in which private-equity firms borrow to raise the money needed to buy the company. First Data Aims to Raise $3 Billion in IPO 2015-09-21T04:00:00Z And eliminating the ability to deduct the cost of interest payments would make pursuing a leveraged buyout significantly less attractive. The Surprising Target of Jeb Bush’s Tax Plan: Private Equity 2015-09-14T04:00:00Z The deal, which includes GIC, Singapore’s sovereign wealth fund, as well as other co-investors, would be the largest leveraged buyout in the United States this year. Education software company Ellucian sells majority state to equity firms 2015-08-20T04:00:00Z The turmoil led to a slowdown in leveraged buyouts, takeovers done by financiers with a heavy dollop of borrowed money, which represented a big chunk of deals in the last boom. M&A Deal Activity on Pace for Record Year 2015-08-10T04:00:00Z The two will join the biggest leveraged buyout of the year to date, taking ownership stakes in the company, whose products combine and analyze customers’ data. Salesforce Ventures and Microsoft Join Informatica Buyout 2015-08-06T04:00:00Z And regulators are more sensitive than ever about banks’ lending risks, for example squashing some leveraged buyouts for being too risky for the banks. J.P. Morgan, Wells Fargo Earnings Show Bad Loans on the Decline 2015-07-15T04:00:00Z It was sixth in the in the league tables for leveraged buyouts for the first half of this year, according to Dealogic, a place it never occupied a few years ago. Balancing Act for Regulators Seeking to Curb Leveraged Loans 2015-07-07T04:00:00Z This month, G.E. agreed to sell a division that finances leveraged buyouts to the Canada Pension Plan Investment Board in a $12 billion deal. G.E. to Sell Bulk of Fleet-Financing Business for $6.9 Billion 2015-06-29T04:00:00Z Lee was one of the first bankers to break up big corporate loans into small pieces to sell to other banks, an innovation that helped fuel the leveraged buyout boom of the 1980s. JPMorgan's Jimmy Lee, a legendary rainmaker, dies 2015-06-17T04:00:00Z Thanks to a leveraged buyout of J. Crew that Mr. Drexler and two private equity firms orchestrated more than four years ago, the company has $1.5 billion in debt on its books. J. Crew Flounders in Fashion’s Shifting Tides 2015-06-10T04:00:00Z General Electric said on Tuesday that it had agreed to sell the bulk of a division that finances leveraged buyouts to the Canada Pension Plan Investment Board in a $12 billion deal. G.E. to Sell Buyout Financing Business for $12 Billion 2015-06-09T04:00:00Z The S.E.C. filing states: “PTG Partners is a global private equity investment firm, focused on leveraged buyout, growth capital and leverage capitalization, investment in distress companies and turnaround situations.” A Phantom Offer Sends Avon’s Shares Surging 2015-05-14T04:00:00Z About PTG Partners: PTG Partners is a global private equity investment firm, focused on leveraged buyout, growth capital and leverage capitalization, investment in distress companies and turnaround situations.We are problem solvers,partners and pioneers. What's In A Name? PTG Partners (Or TPG) Is Offering To Buy Avon 2015-05-14T04:00:00Z Private equity funds are doing more legwork these days to secure financing for their leveraged buyouts, as bank holding companies continue to grapple with federal restrictions on leverage ratios. Jefferies Takes On Big Dogs In LBO Lending 2015-05-01T04:00:00Z TPG’s new approach is much different from the leveraged buyouts that brought the firm acclaim — and, later, pain as the credit boom that propelled a surge in private equity megadeals deflated. At TPG, a Low-Profile Fund’s Diversity Thrives 2015-04-26T04:00:00Z The deal is the largest leveraged buyout so far this year. Informatica to be taken private by Permira Advisers and CPPIB 2015-04-07T04:00:00Z The Wikipedia entry for TPG states that the group is one of “largest private equity investment firms globally, focused on leveraged buyout, growth capital and leveraged recapitalization investments in distressed companies and turnaround situations.” A Phantom Offer Sends Avon’s Shares Surging 2015-05-14T04:00:00Z In that case, Mr. Buffett essentially provided the leverage for a leveraged buyout. 3G Capital, Warren Buffett’s Favorite Partner in Deals Worth Billions 2015-03-25T04:00:00Z My business partner Brad Wechsler and I acquired the company through a leveraged buyout and we took it public a few months later. Richard Gelfond: How He Took IMAX From Museums To Hollywood 2015-03-13T04:00:00Z Private equity firms are increasingly exiting large leveraged buyouts through merger and acquisition activity that contains a significant stock component, with KKR exiting Alliance Boots, U.S. Patience Pays Off For Private Equity In NXP Semiconductors $11.8B Merger With Freescale 2015-03-02T05:00:00Z The merger will also offer some relief to the private equity firms that bought Freescale at the height of the leveraged buyout boom, only to see the financial crisis bring the company low. Chip Makers Will Merge in Deal Worth $11.8 Billion 2015-03-01T05:00:00Z Meanwhile, private equity firms that acquired businesses through leveraged buyouts will most likely look to sell their holdings through I.P.O.s and generate real profits from their investments. Investors Bought Into Nearly $250 Billion in Global I.P.O.s in 2014 2015-01-04T05:00:00Z Indeed, leveraged buyout executives — who have been left out of the deal feeding frenzy, outbid by strategic buyers — have been salivating at the prospect of new acquisition targets. Deal Makers Notched Nearly $3.5 Trillion Worth in ’14, Best in 7 Years 2015-01-01T05:00:00Z In a leveraged buyout, private equity firms generally finance the majority of the purchase price with borrowed money. PetSmart to Sell Itself to Investor Group for $8.7 Billion 2014-12-14T05:00:00Z The real estate investment trust is acquiring the Northern California properties from the Blackstone Group, a private equity giant that scooped up the assets in its 2007 leveraged buyout of Equity Office Properties Trust. Hudson Pacific to buy 26 Bay Area properties for $3.5 billion 2014-12-09T05:00:00Z Instead of going after big leveraged buyout targets, sponsors largely focused on buying smaller companies owned by other private equity firms and units being spun off large conglomerates. After a Dry Spell, a Boom in Big Deals 2014-12-07T05:00:00Z The private equity firm Welsh, Carson, Anderson & Stowe, though known for its leveraged buyouts, is straying from its traditional playbook by making a minority investment in a young software company. Welsh Carson Leads $100 Million Investment in Revel Systems 2014-11-11T05:00:00Z Acquisitions led by private equity firms, hedge funds or leveraged buyout partners are usually quick to describe the “synergies” planned for after the acquisition. Leaders Win (Zebra Tech), Abdicators Lose (Motorola) 2014-11-03T05:00:00Z But firm’s performance overshadowed by this year’s bankruptcy of Texas utility Energy Future Holdings Energy Future Holdings, the largest leveraged buyout ever. Forbes 400: The Richest People In Texas, 2014 2014-09-29T04:00:00Z It was one of the first leveraged buyouts in U.S. history, and no one did better than Wayne. Inside An $8 Billion Family Feud: Who Poisoned The Orkin Fortune? 2014-09-29T04:00:00Z And the leveraged buyout boom before the financial crisis was led by private equity titans striking mega-buyouts. After a Dry Spell, a Boom in Big Deals 2014-12-07T05:00:00Z He has, though, outlined his admiration for the model the Glazer family have at Manchester United, which was a leveraged buyout that loaded debt on to the club. Arsenal’s owner, Stan Kroenke, angers fans by taking £3m out of club 2014-09-23T04:00:00Z The percentage of leveraged buyouts with leverage over six times has risen to 55 percent so far this year from zero in 2009. Exclusive: Wall Street banks take heart from leveraged loan exams 2014-08-05T04:00:00Z Between buying and selling the golf course, Caesars was taken private in a leveraged buyout and went public again in 2012. Don't Hail Caesars Yet For Its Asia Breakthrough In Korea 2014-07-11T04:00:00Z To be sure, these buyout deals are not the traditional leveraged buyouts in the U.S. where financial engineering is in large part driving returns. China's FountainVest Aims For More Buyout Deals 2014-06-13T04:00:00Z The preliminary settlement with former shareholders of companies acquired in leveraged buyouts from 2003 to 2007 was disclosed in papers filed on Wednesday in Boston federal court, and requires approval by U.S. Goldman, Bain to pay $121 million in LBO collusion settlement 2014-06-11T04:00:00Z It is unusual for banks that lead the financing of a leveraged buyout of a company not to be tapped for smaller follow-on financings. Banks deny KKR buyout loan amid regulatory crackdown 2014-05-29T04:00:00Z In the 1980s, Michael Milken developed the high-yield, or junk, bond market and, with the innovation, some of the brightest minds in finance developed the leveraged buyout, shaking big corporate management teams to the bone. DealBook: It’s Activists, Not Buffett, Who Can Change Corporate America 2014-05-12T13:30:32Z Some critics say that the Treasury essentially subsidizes leveraged buyouts, though the Treasury also collects a capital gains tax when the takeover takes place and shareholders declare capital gains. Why are private-equity firms behind Energy Future deal the only ones coming out okay? 2014-05-02T21:19:01Z Like Apollo, the company is known for its credit investments, rather than high-profile leveraged buyouts. UPDATE 1-Shares of PE firm Ares Management fall in market debut 2014-05-02T15:44:03Z Now as the record refinancing spree subsides, leveraged buyouts and mergers and acquisitions are heating up, in what still remains largely an issuers' market. Loan fund investors pull cash with Fed rate hikes on hold 2014-04-21T16:16:02Z The deal is the second-largest U.S. leveraged buyout financing of the year, according to Thomson Reuters data, and is also the largest private equity buyout of an industrial company in more than four years. Blackstone's Gates buyout one of 2014's largest for U.S. M&A 2014-04-11T14:15:19Z JPMorgan's ties to Carlyle run deep, from leveraged buyouts, where the investment bank advises on and finances the private equity firm's deals, to facilitating its credit investments such as collateralized debt obligations. UPDATE 1-Carlyle hires JPMorgan's Cavanagh as co-president 2014-03-25T15:16:08Z But others say that private-equity firms that do leveraged buyouts on average bring benefits. Why are private-equity firms behind Energy Future deal the only ones coming out okay? 2014-05-02T21:19:01Z But TPG’s most prominent deal activity of late lies far away from the world of traditional leveraged buyouts. DealBook: Hurt in Crisis, TPG Pursues Smaller Deals 2014-03-25T01:10:21Z A Goldman entity, Goldman Sachs Mortgage Company, was the main lender for the leveraged buyout. DealBook: Questions Over Goldman Deal as Investors Sit in the Dark 2014-03-19T16:46:56Z This week, Safeway again attracted the interest of a private equity firm, with Cerberus Capital Management leading a $9 billion leveraged buyout of the company. DealBook: In Safeway Buyout, a Reminder of a Painful Takeover Years Ago 2014-03-07T19:18:36Z The guidelines aim to prevent a return to reckless underwriting practices, but until recently the market believed regulators would be more focused on new leveraged buyouts. JP Morgan call on Freescale adds confusion 2014-02-28T18:47:58Z Many critics of leveraged buyouts say the government should act to discourage them. Why are private-equity firms behind Energy Future deal the only ones coming out okay? 2014-05-02T21:19:01Z A deal would represent one of the largest leveraged buyouts since the financial crisis. Cerberus in advanced talks to buy Safeway - sources 2014-02-21T17:22:36Z With some partners, he set out to found Carlyle, named after the hotel in New York City, quickly accruing a fortune in the world of leveraged buyouts. A Billionaire Philanthropist in Washington Who’s Big on ‘Patriotic Giving’ 2014-02-21T02:11:31Z Yet the spreadsheet contributed to—some say caused—the appearance of corporate raiders and leveraged buyouts in the 1980s. These 6 Technologies Will Make or Break Every Information-Intensive Company -- Including Yours 2014-02-20T15:05:00Z If capital markets are frozen, for example, even the most cunning dealmaker won’t be able to convince a CEO to pursue an initial public offering or a leveraged buyout. Barclays, Still Paying Handsomely, Cutting 12,000 Positions 2014-02-11T15:38:10Z A lot of banks and big investors got burned in the bankruptcy of Energy Future Holdings, a Texas electric utility that in 2007 had been acquired for one of the largest leveraged buyouts ever. Why are private-equity firms behind Energy Future deal the only ones coming out okay? 2014-05-02T21:19:01Z It was not immediately clear how Cerberus, which raised $2.61 billion last year for its latest flagship fund, would fund the equity involved with a leveraged buyout of Safeway. Cerberus in advanced talks to buy Safeway - sources 2014-02-21T17:22:36Z Though K.K.R. is best known for its leveraged buyouts, it showed strength across all its businesses in the fourth quarter. DealBook: K.K.R. Profit More Than Doubled in Fourth Quarter 2014-02-06T14:09:37Z Subsequent deals, such as his investment in titanium products maker Valhi Inc., typified his ability to recognize underpriced assets and put him at the forefront of the leveraged buyout craze of the 1980s. Texas billionaire known as a philanthropist and major donor to GOP candidates 2013-12-30T23:34:47Z A pioneer of the leveraged buyout, Simmons and his holding company, Contran Corp, was the largest backer of Texas Governor Rick Perry's failed presidential bid. Texas billionaire Harold Simmons dies at 82 2013-12-30T03:20:19Z This leveraged buyout bust is partly an age-old tale of crushing debt. Why are private-equity firms behind Energy Future deal the only ones coming out okay? 2014-05-02T21:19:01Z The council took big steps to defend its members last year, when a presidential run by Mitt Romney shed an often negative light on the world of leveraged buyouts. DealBook: K.K.R. Partner to Lead Private Equity Lobbying Group 2013-12-19T12:00:24Z Four years ago, the investment giant bought KKR Private Equity Investors, a publicly traded vehicle that co-invested in the firm’s leveraged buyout funds. DealBook: K.K.R. to Buy Debt-Trading Affiliate for $2.6 Billion 2013-12-17T13:09:15Z The company continued to increase its sales after its leveraged buyout, reporting $21.7 billion in revenue last year. DealBook: Sysco to Buy US Foods for $3.5 Billion 2013-12-09T13:43:23Z The deal became a poster child for the leveraged buyout excesses, with many Wall Street wags, hotel industry mavens and private equity dealmakers privately denigrating the purchase. Hilton Worldwide may raise $2.25 billion in largest-ever IPO by a hotel chain 2013-11-27T23:49:12Z The leveraged buyout is also a tale of impeccably bad timing and poor judgment about the energy business. Why are private-equity firms behind Energy Future deal the only ones coming out okay? 2014-05-02T21:19:01Z In 2007, telecoms company BCE Inc agreed to a leveraged buyout that offered its shareholders a substantial premium, but the deal hurt the company's bond prices, and its debt holders challenged the deal in court. Exclusive: BlackBerry board rejected proposals to break up company - sources 2013-11-08T19:42:23Z "Over the history of Fairfax, we've never had a problem lining up financing," he said, adding that if the firm had wanted to raise funding for a full leveraged buyout of BlackBerry, it could have. BlackBerry Abandons Sale Process 2013-11-05T02:52:51Z "We did the due diligence ... and our conclusion was that a leveraged buyout with high-yield debt and at high interest rates was not appropriate for this company," Watsa told Reuters in an interview on Monday. BlackBerry calls off sale, spurring doubts and stock plunge 2013-11-05T02:07:08Z Conservative estimates peg the potential returns on this leveraged buyout at 11% a year, based on the most recent dismal earnings. You Won't Have Michael Dell To Kick Around Anymore 2013-10-29T15:23:00Z As is the case with many leveraged buyouts, both credit agencies downgraded the rating of Getty's debt. INSIGHT-Getty captures risks of Fed's easy money policy 2013-10-17T06:59:54Z Private equity firm Affinity Equity Partners bought the company through a leveraged buyout in 2006. Private equity firms adding to Asia's debt pile, for a fee 2013-10-10T21:02:27Z Still owned by private equity TXU | It was the largest leveraged buyout ever, and perhaps the most disappointing as well. DealBook: Hilton Is Ready to Go Public, but Other Buyouts Are Still Waiting 2013-09-12T16:50:42Z Not because of their nationality, but because they were the principals at 3G Capital, an investment firm best known for the leveraged buyout of Burger King in 2010. The Brazilian Billionaire Who Controls Your Beer, Your Condiments, and Your Whopper 2013-08-29T10:00:49Z In comments on his TV show about such deals, known as leveraged buyouts, Mr. Spitzer said: “The LBO world is where you’re borrowing against an existing asset, extracting money as quickly as you can.” Family Trust Offers Possible Clues to How Spitzer Would Invest City Pension Funds 2013-08-22T00:15:48Z His appointment to BlackBerry's board last year sparked a flurry of speculation that the company might consider a leveraged buyout or going private. BlackBerry says to explore strategic alternatives 2013-08-12T12:40:15Z The numbers for a leveraged buyout could still work, these executives said, after a Reuters report that BlackBerry's board was warming up to the possibility of going private as it fights to revive its fortunes. Analysis: Taking BlackBerry private may make sense, but not a quick fix 2013-08-10T11:11:49Z Desperate to make the bank payments on a highly leveraged buyout, Stack and the others decided that everyone in the company needed to know SRC’s financial situation. Karen Berman: Patron Saint of Financial Intelligence 2013-08-05T17:02:50Z Just one month later, lenders piled into Gardner Denvers' highly leveraged buyout loan. Robust loan demand sinks Gardner Denver's borrowing costs 2013-07-26T16:24:30Z But a number of big institutional investors switched their votes to “yes” overnight, said a person briefed on the matter, signaling hope that the leveraged buyout was still viable. DealBook: Dell Adjourns Vote on Deal as Some Big Investors Start to Shift 2013-07-18T13:25:12Z Shareholders representing roughly 30 percent of Dell shares were arrayed against the leveraged buyout as of Wednesday evening, a person briefed on the matter said. DealBook: Support Weakens for Dell Founder’s Offer 2013-07-18T01:42:26Z Even so, the company has a core stable cash flow element that could support debt for a leveraged buyout, say some senior private equity executives involved in the sector. Analysis: Taking BlackBerry private may make sense, but not a quick fix 2013-08-10T11:11:49Z Earlier this week, Mr. Icahn urged Dell shareholders to seek so-called appraisal rights for their holdings, in case the leveraged buyout is approved. DealBook: As Promised, Icahn Adds to His Bid for Dell 2013-07-12T16:14:58Z Essentially, shareholders would need to vote against the leveraged buyout and then ask Delaware’s court of chancery to “appraise” the true value of their shares. DealBook: Icahn’s Latest Gamble at Dell: Appraisal Rights 2013-07-10T15:15:51Z But KKR, a storied firm that pioneered the leveraged buyout back in 1976, has managed to find success in Asia even after arriving later than rivals. UPDATE 2-KKR tops rivals with largest Asia fund as valuations drop 2013-07-10T06:14:30Z The committee also pointed to analyst price targets for Dell’s stock before word of the leveraged buyout emerged. DealBook: A Game of Chicken at Dell as a Proxy Adviser’s Report Looms 2013-07-05T17:46:14Z The company, which was acquired in a 2007 leveraged buyout by private equity firm Apax Partners and Omers Capital Partners, sought Chapter 11 protection from creditors with the U.S. bankruptcy court in Brooklyn, New York. Textbook publisher Cengage files bankruptcy to cut debt 2013-07-02T19:02:31Z “When you’re in the business of running a laundry, you’re cleaning shirts,” he explains of getting caught up in the leveraged buyout craze. David Stockman Takes On the Fed's Easy-Money Policies—and the World 2013-06-27T20:19:18Z But a hardening of boardroom attitudes since the leveraged buyout boom figures, too. DealBook: Private Equity Finding Exits Easier Than Buyouts 2013-06-25T16:04:17Z Mr. Son plunged deeper into debt to acquire Vodafone’s Japanese cellphone unit for about $15 billion — Japan’s largest leveraged buyout at the time — to muscle his way into the mobile market. Confidence From Chief of SoftBank in Sprint Bid 2013-06-22T00:52:42Z One factor they are counting on is the high support required for the leveraged buyout to pass. DealBook: Dell’s Mathematical Argument Against the Southeastern- Icahn Plan 2013-06-05T13:25:06Z He founded the firm’s leveraged buyout business, which structured deals like the buyout of the department store chain R. H. Macy in 1986. DealBook: Investor Aiming for the Top, Again 2013-05-17T01:03:01Z Dell is embroiled in a leveraged buyout deal proposed in February at $13.65 a share by its founder and private equity firm Silver Lake Partners. UPDATE 1-Highfields, other funds dove into Dell fray in 1st quarter 2013-05-15T21:30:54Z The leveraged buyout firm, led by Stephen A. Schwarzman, more than doubled its money on the deal. DealBook: Private Equity Finding Exits Easier Than Buyouts 2013-06-25T16:04:17Z But Warburg markets its offerings differently, focused on growth investing rather than the usual financial engineering by leveraged buyouts. Warburg Pincus raises $11.2 billion for new buyout fund 2013-05-10T13:01:46Z Dell also pointed to the example of Clear Channel, where two private equity firms agreed to leave a stub as part of their leveraged buyout. DealBook: Dell’s Mathematical Argument Against the Southeastern- Icahn Plan 2013-06-05T13:25:06Z But that problem is easily fixable by restricting IRA investments to publicly available securities, as opposed to pieces of leveraged buyouts and other esoteric investments available only to a handful of people. Agreeing to disagree on Obama’s retirement package 2013-05-10T01:01:00Z First Data's troubles highlight how private equity firms such as KKR are still dealing with expensive mistakes from the heady days of leveraged buyouts. Analysis: First Data's new CEO faces debt burden, needs growth 2013-04-30T17:36:43Z Big deals done at the height of the leveraged buyout boom are finding buyers. DealBook: Private Equity Finding Exits Easier Than Buyouts 2013-06-25T16:04:17Z Blackstone’s chief operating officer, Hamilton E. James, said the deal would help strengthen the firm’s existing operations as it continued to diversify away from leveraged buyouts. DealBook: Credit Suisse Sells Private Equity Business to Blackstone 2013-04-23T11:30:38Z Bankers said it was likely Saga would be floated on the stock market and the AA would be sold in a leveraged buyout or LBO. RLPC-Bankers prepare 4 bln stg Acromas debt refinancing-sources 2013-04-15T15:34:49Z The $13.65 bid represents a 25% premium over the closing price on Jan. 11, the day news of a possible leveraged buyout started leaking. Only One Good Outcome for Dell 2013-04-01T13:48:59Z The deal, one of the largest leveraged buyouts ever, seemed like a good bet at the time. Analysis: First Data's new CEO faces debt burden, needs growth 2013-04-30T17:36:43Z The deal, which would be valued at more than $24 billion, would be the largest leveraged buyout since the financial crisis, and would involve Microsoft kicking in a $2 billion loan. Why Are Wall Street’s Billionaire Sharks Circling Dell? 2013-03-26T16:02:08Z There were signs of behind-the-scenes attempts to forge alliances among players opposed to a leveraged buyout by private equity firm Silver Lake and the computer maker's founder, Michael Dell. WRAPUP 1-Dell suitors talk tie-ups as board lets in Icahn, Blackstone 2013-03-25T19:54:42Z In the past eight years he was a managing director in Citi's European leveraged finance practice where he was responsible for originating and structuring leveraged buyout financing for private equity firms. James Yu leaves Morgan Stanley to join EQT 2013-03-20T11:32:51Z Dell’s largest outside investors, Southeastern Asset Management and T. Rowe Price Group, which owns 4.4 percent of Dell’s shares, are opposed to the leveraged buyout, saying it undervalues the company. As Dell's Deadline For Rival Offers Nears, Blackstone May Enter Fray, Drive Up Bid Price 2013-03-19T18:08:09Z The Carlyle compensation is consistent with robust 2012 paydays across the leveraged buyout industry. Carlyle co-founders earn $57 million each from dividends 2013-03-14T22:26:11Z In its latest quarterly bulletin, Threadneedle Street said the need over the next year to refinance firms subject to heavily leveraged buyouts posed a systemic threat. Private equity crash could trigger next wave of financial crisis, Bank warns 2013-03-14T00:01:03Z Twenty-seven transactions were challenged, including 19 leveraged buyouts, six non-leveraged buyouts, and two that were never conducted. UPDATE 1-U.S. judge narrows private equity collusion lawsuit 2013-03-13T17:38:34Z The Heinz deal and Dell's USD24bn buyout are the first proposed leveraged buyouts worth over USD10bn since the financial crisis, and the odds are that the pace of takeovers will quicken in Europe. Bondholders beware: event risk is back 2013-03-08T09:53:34Z Given the sheer size of a potential leveraged buyout involving the Carlsbad, California-based company, private equity firms were expected to team up for an offer, several sources told Reuters as early as January. UPDATE 1-PE firms explore joint bid for Life Tech: sources 2013-03-06T02:10:13Z Typical recent leveraged buyouts in Asia feature around 50 percent in leveraged debt. Carlyle-led consortium agrees to buy 7 Days for $688 million 2013-03-01T03:43:28Z But it said a refinancing challenge was looming in 2014, because the peak in debt issuance was in 2007 and the average maturity of leveraged buyout debt is seven years. Private equity crash could trigger next wave of financial crisis, Bank warns 2013-03-14T00:01:03Z And these two deals follow hard upon $24.4 billion leveraged buyout of Dell by private equity firm Silver Lake Partners and the firm’s founder, Michael Dell. Mergers and Acquisitions Boom! Is This a Good Sign for the Economy? 2013-02-15T13:00:42Z The proposed leveraged buyout, the largest private-equity backed deal since the financial crisis, is being led by Michael Dell and Silver Lake, and pits Dell's board against the company's top independent investors. Dell CEO agreed to lower shares' value to push $24 bln buyout 2013-02-14T17:50:36Z Michael Dell announced the leveraged buyout after his turnaround plan, started with his return as CEO in 2007, failed to revive sales and profit. Dell's "Discouraging' Buyout Plan Still May Need To Top $13.65 To Win Over Shareholders 2013-02-13T18:37:18Z Too early to tell, but this morning brings word that the company’s largest outside holder things the pending $13.65 a share leveraged buyout bid undervalues the company. Dell: Report 7.5% Holder Southeastern Finds Bid Too Low 2013-02-08T14:20:32Z Now Apple is the most valuable company on Earth, while Dell is just another leveraged buyout. Amazon: Another Dell In the Making? 2013-02-06T14:00:39Z Dell announced that had agreed to go private in a $24 billion deal led by its founder and the investment firm Silver Lake, in the biggest leveraged buyout since the financial crisis. IHT Rendezvous: IHT Quick Read: Feb. 6 2013-02-06T07:58:45Z Silver Lake joins Michael Dell in the $24.4 billion leveraged buyout, the largest since the financial crisis. For Silver Lake, Dell's beauty is in the eye of the beholder 2013-02-06T03:08:48Z The firm advised a special committee of Dell's board on the $24 billion leveraged buyout of the computer company. DealBook: Debevoise & Plimpton Drops Trusts and Estates Practice 2013-02-06T02:08:38Z The status reflects the firm’s perspective that the leveraged buyout “will materially degrade Dell’s financial risk profile.” S&P Says Dell Downgrade Coming After Debt-Fueled $24B Buyout 2013-02-05T21:12:37Z Dell, the world’s third-biggest maker of personal computers, is going private in a deal valued at $24.4 billion, undertaking the biggest leveraged buyout since the financial crisis. Dell goes private in $24 billion buyout 2013-02-05T21:22:00Z Dell’s sale is the second highest-priced leveraged buyout of a technology company, trailing the $27 billion paid for First Data Corp. in 2007. Dell to go private in $24.4 billion deal 2013-02-05T17:34:00Z They allow acquirers of companies to use less of their own money in leveraged buyouts. KKR mezzanine fund manager resigns 2013-02-05T01:40:11Z Dell, perhaps to buy time to reinvent itself, rumbled with rumors of a leveraged buyout, with lots of questions floating about how founder Michael Dell would balance his interests. The Collapse Of Steve Jobs' Empire And Other Quaint Tales 2013-02-01T14:13:48Z Given the sheer size of a potential leveraged buyout, private equity bidders are expected to team up as the sale process advances, Reuters reported previously. Exclusive:Thermo Fisher weighs Life Tech takeover - sources 2013-01-30T00:15:53Z But in Dell's leveraged buyout, another technology company would be hard to come by as a buyer. Silver Lake's bid likely the best Dell shareholders get 2013-01-25T02:16:06Z The deal, which would be valued at more than $20 billion, would be the largest leveraged buyout since the financial crisis, and would involve Microsoft kicking in as much as $3 billion. Microsoft and Dell: A Match Made in Heaven or Hell? 2013-01-24T13:00:26Z If completed, a buyout of Dell would be the largest leveraged buyout since the financial crisis, reaching levels unseen since the takeovers of Hilton Hotels and the Texas energy giant TXU. DealBook: Microsoft May Back Dell Buyout 2013-01-23T02:49:43Z The 47-year-old billionaire and his backers are locked in talks to acquire Dell, the company he started with $1,000 as a teenager three decades ago, in a leveraged buyout worth more than $20 billion. DealBook: Michael Dell’s Empire in a Buyout Spotlight 2013-01-18T02:10:33Z Now, nearly 25 years after it went public, Dell Inc. is reported to be considering leaving the public arena by going private in what would be the largest leveraged buyout in years. High & Low Finance: How Dell Became Entangled in Options 2013-01-17T19:38:01Z Analysts also notes that a leveraged buyout might slow Dell’s acquisition-driven strategy to transform from a PC-centric hardware company to a more diverse enterprise IT vendor. Dell LBO Looks Doable On Paper, Street Analysts Say 2013-01-15T21:18:05Z But a leveraged buyout of a company as big as Dell would be no small feat, and it would be dependent on overcoming hurdles specific to the private equity industry and the company itself. DealBook: The Challenges of Taking Dell Private 2013-01-15T18:38:47Z Zell stunned the media industry when he took the company private in 2007 in an $8.2 billion leveraged buyout that burdened the company with debt and that many observers warned would be disastrous. Tribune, out of Chapter 11, set to begin makeover as TV company 2012-12-31T19:45:38Z Real estate investor Sam Zell took control of Tribune in 2007 through a leveraged buyout that saddled it with $13 billion in debt just as the newspaper industry hit its downturn. Publisher Tribune to exit bankruptcy December 31: sources 2012-12-28T22:30:30Z Dell’s share price climbed to above $12 this week on reports of a possible leveraged buyout. High & Low Finance: How Dell Became Entangled in Options 2013-01-17T19:38:01Z Banks are willing to finance deals again as well, including takeovers by blue-chip companies and leveraged buyouts by private equity firms and riskier junk-grade buyers. DealBook: In a Weak Market for Mergers and Acquisitions, Signs of Strength 2012-12-27T23:22:04Z But for those unconvinced of Western Digital as a long-term investment, Barron’s also offers this possibility: perhaps a leveraged buyout. Most Unlikely Stock on a Major Publication's Top-Ten-2013 List 2012-12-26T17:54:36Z The "deal from hell," as Zell eventually described the leveraged buyout, became a quagmire of lawsuits over who was to blame for the bankruptcy and Tribune's $13 billion of debt. Tribune, out of Chapter 11, set to begin makeover as TV company 2012-12-31T19:45:38Z That deal was the biggest leveraged buyout of a technology company on record, but was criticized because it left Freescale with lots of debt, hurting its ability to compete in the investment-intensive chip business. Freescale CEO cautious on chips, eyes turnaround 2012-12-13T20:02:13Z It is far from clear that a leveraged buyout of Dell will happen, and its bonds are trading as if bondholders don’t think it will. High & Low Finance: How Dell Became Entangled in Options 2013-01-17T19:38:01Z They emigrated to America, where Mr. Riklis became a billionaire by pioneering leveraged buyouts and junk bond deals. Mona Ackerman, Psychologist Who Wrote Advice Column, Dies at 66 2012-12-06T02:30:48Z That leveraged buyout piled even more debt onto an already overburdened firm, significantly contributing to its demise in the fall of 2008. DealBook: Lehman Estate to Sell Archstone for $6.5 Billion 2012-11-26T22:20:33Z And their problems intensified after real estate magnate Sam Zell took Tribune Co private in an $8.2 billion leveraged buyout five years ago. Tribune, out of Chapter 11, set to begin makeover as TV company 2012-12-31T19:45:38Z In 2007, Zell took control of Tribune through a leveraged buyout that saddled the company with $13 billion in debt just as the newspaper industry hit a severe drop in advertising revenue. Tribune Co gets FCC approval, nears bankruptcy exit 2012-11-16T21:25:54Z There is a reason, after all, that the “leveraged buyout shops,” as they were then called, rebranded themselves “private equity.” Mitt Romney's Missed Opportunity 2012-11-01T09:55:39Z At the time, it was the largest leveraged buyout and turned out to be a hugely profitable deal. DealBook: E-Mails Cited to Back Claim That Equity Firms Colluded on Big Deals 2012-10-11T01:28:15Z The business's debt burden is a legacy of a controversial takeover backed by Bank of Scotland just weeks before the credit crunch brought an abrupt end to a glut of leveraged buyout deals. David Lloyd Leisure faces painful refinancing 2012-10-09T17:44:32Z Rationale The ratings reflect our view of BSN's relatively aggressive capital structure following the leveraged buyout by private equity group EQT VI Ltd. TEXT-S&P rates Boston Luxembourg II 2012-10-02T14:39:48Z Many of the loans in CLOs were sold to finance leveraged buyouts for heavily indebted companies. Analysis: They're back! Yield hunt pushes funds into CLOs, CDOs 2012-09-30T12:02:22Z There has been very limited leveraged buyout activity but that is not due to a lack of liquidity because sponsors are flush with cash. High-yield dividend deals not ruled out yet 2012-09-28T13:55:54Z Morgan Chase billions; leveraged buyouts and mortgage-backed securities and derivatives and stimulus packages, Bain Capital and the tottering euro and the Greek bailout. Opinion: Money, Money, Money. Can we talk about something else? 2012-09-15T19:45:13Z Writes The New York Times: “The case centers on the “club deals” that became popular during the leveraged buyout boom of 2003 to 2007, a period that the complaint calls the “Conspiratorial Era.” Bain Capital, Private Equity Firms Accused of Price Fixing 2012-09-13T13:05:30Z Private equity executives also reject the idea that they colluded to drive down the prices of their acquisitions, saying that companies were bought at record high premiums during the leveraged buyout boom. Documents Depict Equity Firms Like Bain as Colluding 2012-09-12T01:53:33Z A leveraged buyout is an acquisition of a company that is done with large amounts of borrowed money. HCA, Giant Hospital Chain, Creates a Windfall for Private Equity 2012-08-14T15:57:43Z Mr. Schulze said he wanted to lead a leveraged buyout of the company, and said Credit Suisse was “highly confident” that financing could be arranged. High & Low Finance: Best Buy Suffers for Lack of a Succession Plan 2012-08-10T12:26:40Z Just as was the case with United, the Glazers acquired their business holdings through leveraged buyouts. Goal: Is Manchester United's Ferguson the Ultimate Insider? 2012-08-07T21:05:14Z Overview -- Private equity sponsor Advent International Corp. is acquiring U.S.-based recovery audit services provider Connolly LLC in a leveraged buyout. TEXT-S&P assigns Connolly 'B' corporate credit rating 2012-08-07T20:07:58Z Existing owners Ares and Ontario Teachers' Pension Plan will retain minority stakes after the leveraged buyout. TEXT-S&P: Serta, Simmons ratings unaffected by acquisition 2012-08-07T17:07:06Z MModal intends to use the debt proceeds, along with $447 million of equity contribution of One Equity Partners, to repay existing debt and to fund the leveraged buyout of the company. TEXT-S&P assigns MModal prelim 'B+' rating 2012-08-06T18:36:07Z I’ve been watching private equity at work since the 1980s, when it was known by the more accurate name “leveraged buyouts,” or LBOs. No right or wrong in Bain Capital argument 2012-07-20T00:08:57Z The Tribune Company won court approval on Friday to emerge from Chapter 11 bankruptcy protection, more than four years after a leveraged buyout left it with unsustainable debt. Tribune Company to Leave Bankruptcy Protection 2012-07-13T23:47:59Z Discussions around a leveraged buyout of the company are still in the early stages, the person said. No bid by Best Buy ex-chairman to come soon: source 2012-07-02T17:30:15Z He worked briefly at Boston Consulting Group and then with a firm called Odyssey Partners, where he helped assemble leveraged buyouts. John Paulson's Very Bad Year 2012-06-28T21:50:04Z “This may work in the realm of leveraged buyouts and quick scores,” Mr. Axelrod said. Romney and Obama Campaigns Pick Provocative Venues 2012-06-01T02:24:40Z That’s why I prefer “leveraged buyouts” — buyouts funded by borrowing — to the meaningless “private equity.” No right or wrong in Bain Capital argument 2012-07-20T00:08:57Z A leveraged buyout may be a more likely outcome, although it also faces a number of obstacles. Analysis: Even after hiring bankers, RIM running out of options 2012-05-30T19:00:43Z Colianni was previously a managing director for Wells' Financial Sponsors Portfolio Management Group, which finances leveraged buyouts, mergers and acquisitions and recapitalizations. Wells Fargo names head for ultra-wealthy business 2012-05-23T13:01:38Z Marshalling some $147 billion in assets, the firm has nearly 100 funds for leveraged buyouts, real estate and venture capital deals. DealBook: In Debut, Carlyle Stock Opens Flat 2012-05-03T14:51:40Z The Gores Group may try to walk away from the $1 billion leveraged buyout of Pep Boys, the auto parts and repair company. Deal Professor: Walking Away From Merger Deals 2012-05-02T17:42:53Z Meanwhile, more companies are borrowing to pay dividends, and money is flowing for leveraged buyouts. Junk-Rated Companies Showered With Loans 2012-04-30T23:31:53Z Now, as part of a broader plan to diversify beyond its stock-in-trade leveraged buyouts, it is gearing up. KKR Makes Push Into Real Estate 2012-04-24T22:54:01Z Thanks in large part to the private equity firms’ leveraged buyout to acquire Toys “R” Us, it labors under $5.2 billion of debt, $1.4 billion of which comes due in 2013. Toys ?R? Us, Last of the Big Toy Stores, Tries to Reinvent Itself 2012-04-07T00:59:37Z Plentiful credit at attractive rates, typically a linchpin for private-equity deals, is expected to lead to more leveraged buyout deals, although the overall volume will likely remain small, say industry participants. Auction Block Gets Crowded 2012-03-17T00:45:21Z Struck at the peak of the buyout boom five years ago, the $45 billion acquisition of the Texas energy giant TXU — the biggest leveraged buyout in history — has been a painful investment for its owners. DealBook: TXU Buyout Turns Sour for Investors 2012-02-29T01:22:45Z KKR, by comparison, executed one of its first oil and gas transactions in 1985 and last year undertook the biggest leveraged buyout in the industry’s history. Apollo Chases KKR in Energy With $7.15 Billion El Paso Unit Deal 2012-02-25T05:44:27Z The takeover of Samson Investment, announced in November and completed a month later, was the biggest leveraged buyout of an oil and gas producer. Apollo-Led Group Buys El Paso Oil and Gas Unit for $7.15 Billion 2012-02-24T23:43:02Z The Apollo-led group is expected to put up about $3 billion in capital to back the deal, a relatively high amount of equity for a leveraged buyout but fairly standard for an energy deal. DealBook: El Paso Sells Divisions to Apollo-Led Group for $7.15 Billion 2012-02-24T22:53:36Z The takeover of Samson Investment, completed in December, was also the biggest leveraged buyout of an oil and gas producer. Apollo Said to Be Near Deal to Buy El Paso Oil and Gas Unit 2012-02-24T03:47:02Z “Before the leveraged buyout, this was a highly profitable utility,” said James Hempstead, an analyst with Moody’s Investors Service. DealBook: TXU Buyout Turns Sour for Investors 2012-02-29T01:22:45Z That lets them snap up businesses—often through a leveraged buyout, which relies on borrowed funds—and try to engineer a turnaround. Prime Time for Telecom Takeovers 2012-02-23T05:01:14Z While Vodafone can pay more than leveraged buyout firms because of Cable & Wireless’s tax benefits and potential cost savings, the March bidding deadline for Vodafone may “smoke out” private equity bidders, Brown said. Cable & Wireless Tempts Vodafone With Lowest Valuation: Real M&A 2012-02-23T01:31:42Z The Apollo-led leveraged buyout is contingent on the closing of the earlier deal, according to one of the people briefed on the matter. DealBook: El Paso Sells Divisions to Apollo-Led Group for $7.15 Billion 2012-02-24T22:53:36Z The buyout firms took TDC private six years ago in what was then Europe’s largest leveraged buyout. TDC’s Private Equity Owners Trim Back Holdings; Shares Decline 2012-02-21T16:41:57Z In the 1980s private equity deals were called leveraged buyouts and dealmakers were vilified as corporate raiders. The Defender of Private Equity Tax Breaks 2012-02-17T00:30:29Z Mezzanine debt, often used in leveraged buyouts, typically us repaid after bank loans in a bankruptcy and has higher yields than broadly marketed public bonds. Goldman Sachs Seeks Exemption for Bank Stakes in ‘Credit Funds’ 2012-02-14T21:11:09Z But it has labored for years to emerge from a hefty debt load taken on in a 2007 leveraged buyout. DealBook: Barneys, Debt-Laden, Is Weighing Restructuring 2012-02-09T02:11:53Z The five firms currently own 59 percent of TDC, Denmark’s largest telephone operator, after taking an 88 percent stake in 2006 in what was then Europe’s largest leveraged buyout. TDC Owners Said to Weigh Sale of Part of Mobile Operator Stake 2012-02-08T17:33:08Z Damon Silvers, the policy director for the labor organization in Washington, called the treatment of carried interest a “tax subsidy for leveraged buyouts.” Private-Equity Lobbying Helped Protect Romney’s Tax Benefits 2012-02-07T08:47:23Z Collateralized loan obligations may seem at first to be nothing but a throwback to private equity’s “golden era” of enormous leveraged buyouts. Deal Professor: A Debt Market's Slow Recovery Is Burdened by New Regulation 2012-01-31T20:44:46Z The Federal Reserve this month said it would keep interest rates low through 2014, driving investors into higher-yielding assets and pushing down borrowing costs for leveraged buyouts. Romney Spotlight Costs Private-Equity Backers 2012-01-27T15:47:54Z It’s almost as if Mr. Romney never worked in — what’s that other phrase for private equity? — oh yes, a leveraged buyout firm. DealBook: The United States Economy Through a Private Equity Lens 2012-01-18T20:20:10Z When the private-equity funds buy the companies, they often use leverage, hence the common name of leveraged buyouts. Q&A: Private-equity returns and the Carlyle Group 2012-01-15T03:00:43Z The year before it had a hand in three of the top five private-equity deals, including the largest leveraged buyout, the $4 billion acquisition of IMS Health Inc a provider of prescription drug sales data. Insight: The surprising strength of Canada's pension funds 2012-01-12T15:58:20Z Private equity is the new name for what used to be called leveraged buyout firms. Private Equity: Hero or Villain? 2012-01-12T04:10:25Z In July 2010, an agreement to help Tribune Co exit bankruptcy collapsed after an examiner identified possible legal claims tied to that publisher's $8.2 billion leveraged buyout. Dynegy bankruptcy examiner appointed 2012-01-12T02:02:42Z The council’s rebranding, and recruitment of smaller firms, was an attempt to promote the industry as doing more than leveraged buyouts. As Romney Advances, Private Equity Becomes Part of the Debate 2012-01-11T02:01:51Z Some banks are working on financing the anticipated leveraged buyout with either senior loans totalling between 4 to 4.5 times CPA's 75 million pounds EBITDA. RLPC-BC Partners, Cinven duel for ICG's CPA Global-sources 2012-01-05T13:40:18Z Even as IPO markets shut down in the end of 2011, riskier companies and leveraged buyout firms were able to sell debt at attractive terms. Corporate Borrowers Ride Wave of Enthusiasm 2012-01-02T21:32:28Z Though signs point to a stronger mergers and acquisitions market, there is at least one class of deals not ready for a comeback: the highly leveraged buyout. DealBook: On Wall Street, a Renewed Optimism for Deals 2012-01-02T23:58:32Z In July 2010, an agreement to help Tribune Co emerge from bankruptcy collapsed after an examiner identified possible legal claims tied to that publisher's $8.2 billion leveraged buyout. Dynegy bankruptcy examiner to be appointed: judge 2011-12-30T17:10:28Z The acquisition was one of the largest leveraged buyouts in India ever, and one of the first to tap the high yield debt market in the United States. DealBook: The Top of the Class in Deal-Making 2011-12-29T17:11:06Z Here is a look at a few standouts: Biggest Fight Three years after taking apartment company Archstone private in a $22 billion leveraged buyout, the three owners—Bank of America Corp., Big Start, Shaky Finish for Commercial Real Estate 2011-12-28T02:09:55Z This debt is what creates enormous pressure on private equity firms — once known as leveraged buyout, or LBO, firms. Mitt Romney?s private-equity past puts ?creative destruction? in spotlight 2011-12-22T01:05:00Z Private-equity companies are seeking to become more diversified asset managers after the financial crisis sapped investor appetite for leveraged buyouts. Apollo to Acquire Stone Tower Capital, Adding $17B of Assets 2011-12-16T22:24:51Z Lawyers who represent the fund also are suing KKR and several other private equity firms for colluding to lower the purchase prices of leveraged buyout targets in an ongoing Massachusetts federal lawsuit. UPDATE 1-Del Monte's $89 mln shareholder settlement approved 2011-12-01T20:56:33Z The former governor of Massachusetts, who ran private equity and leveraged buyout firm Bain Capital before going into politics, called Gingrich a typical product of Washington. Republican Romney opens fire on rival Gingrich 2011-11-30T03:17:13Z It further pressed its shale bet earlier this week with its $7.2 billion purchase of Samson Investment Company, the largest corporate leveraged buyout of 2011. DealBook: K.K.R.'s Energy Billionaires Club 2011-11-25T17:31:29Z The key risk for the pipeline of leveraged buyouts is any major disruption to credit markets from the European debt crisis. Dealtalk: Australia's buyout industry sees more deals after busy 2011-11-24T01:34:46Z It would be one of the biggest leveraged buyouts since the financial crisis. DealBook: K.K.R.-Led Group to Buy Samson Partners for $7.2 Billion 2011-11-23T14:24:09Z He was viewed as a pioneer of the leveraged buyout and took over companies such as Dr. Pepper and Gulfstream Aerospace through the private equity firm he co-founded, Forstmann Little & Co. Private equity pioneer Ted Forstmann dies at 71 2011-11-21T04:03:45Z Theodore J. Forstmann, a colorful financier and philanthropist who helped pioneer leveraged buyouts, died on Sunday at his home in Manhattan. Theodore J. Forstmann, a Takeover Pioneer, Dies at 71 2011-11-21T01:30:21Z Theodore J. Forstmann, a colorful financier and philanthropist who helped pioneer leveraged buyouts, died on Sunday at the age of 71. DealBook: Theodore Forstmann, Private Equity Pioneer, Is Dead at 71 2011-11-20T19:23:46Z The figure was higher in 2007, with 78 companies cut due to buybacks, dividends or leveraged buyouts. Buybacks Surging to Four-Year High With S&P Valuations 15% Lower 2011-11-14T00:59:32Z The deal is the biggest leveraged buyout of the year, topping the $5.7 billion takeover of Kinetic Partners by Apax Partners. DealBook: K.K.R.-Led Group to Buy Samson Partners for $7.2 Billion 2011-11-23T14:24:09Z The industry was known as bootstrap financing decades ago, then as leveraged buyout shops. Romney factor, regulation prompt private equity image review 2011-11-11T09:18:30Z He also coined, if inadvertently, a phrase that set the public image of the leveraged buyout industry. Theodore J. Forstmann, a Takeover Pioneer, Dies at 71 2011-11-21T01:30:21Z It sought bankruptcy protection in 2008, less than a year after a leveraged buyout led by billionaire Sam Zell left the company saddled in debt. Bankruptcy judge rejects competing reorganization plans in Tribune Co. case 2011-11-01T00:14:39Z The company is struggling to meet its banking covenants on loans which were put in place in 2008 to back the company's 2.639 billion euro leveraged buyout. Endemol debt waiver extended to mid-Nov - sources 2011-10-31T17:53:54Z He was part of a team arranging financing for big leveraged buyouts, shuttling between London, New York and the bank's headquarters in Charlotte, N.C. Go West, Investment Banker 2011-10-24T23:48:40Z Then the industry deliberately moved to change the name to private equity, losing the "leveraged buyout" tag that some felt carried negative connotations. Romney factor, regulation prompt private equity image review 2011-11-11T09:18:30Z In October 2007, the Austrian mobile carrier, then known as One, went through a leveraged buyout that raised France Telecom’s stake from 17.45 percent to 35 percent. Hutchison Whampoa Said to Be in Talks to Buy Orange Austria 2011-10-24T16:28:01Z The road to completion for the offering, which finances the company's leveraged buyout led by Apax Partners LP, was rocky. Kinetic Deal Shows 'Junk' Energy Waning 2011-10-19T21:35:46Z The sale of the Philadelphia 76ers has been approved by the NBA Board of Governors, paving the way for New York leveraged buyout specialist Joshua Harris to take control of the franchise. NBA players' union fighting off doubts 2011-10-15T05:42:42Z Microsoft Corp. may join a group of investors to safeguard its interest in Yahoo and bridge the financing gap a leveraged buyout would require now, one people said this week. KKR, Blackstone Group Are Said to Weigh Takeover Bids For Yahoo 2011-10-13T17:38:03Z The firm agreed in July, before credit markets weakened, to be taken private in the largest leveraged buyout since Lehman Brothers Holdings Inc. failed in 2008. Kinetic Cuts Bond Sale to $1.65 Billion as Spreads Widen 2011-10-10T19:59:02Z The person argued that financing for leveraged buyouts was still available when the deals were solid. France Tel moves ahead on Swiss unit sale despite crisis 2011-10-10T11:58:23Z Yahoo would be a big bite for any single private equity firm, especially at a time when financing markets for leveraged buyouts have dried up. Exclusive: Microsoft considers bidding for Yahoo 2011-10-06T01:36:32Z Smith also said that bondholders might not be “enriched” by a leveraged buyout, because chemical markets could slow at the same time that the company took on more debt through the acquisition, the complaint said. Blavatnik Made $1.2 Billion in Lyondell LBO, Lawsuit Says 2011-09-30T19:36:02Z Activist investor Bill Ackman called the company an attractive leveraged buyout candidate, just weeks before raising his stake in the retailer. Peltz withdraws Family Dollar bid, son-in-law joins board 2011-09-29T14:26:50Z The talks came to focus on a possible leveraged buyout by New York-based CD&R, the people said. Hartford Said to Halt Efforts to Sell Mutual-Fund Subsidiary 2011-09-28T01:18:59Z Private-equity firms may lower return targets as banks shun financing leveraged buyouts at past levels, said Guy Hands, chairman and chief investment officer of Terra Firma Capital Partners Ltd. Credit Markets Driving Up Buyout Costs, Private-Equity Firms Say 2011-09-27T19:52:01Z It wasn't just the untested structure -- Indonesia's first leveraged buyout -- but the fact that CVC earned an inside line to one of Indonesia's most powerful and influential families, the Riyadis, owners of the Lippo Group. Analysis: CVC, TPG find way into Indonesia, while rivals look on 2011-09-27T12:51:04Z Ackman, founder of New York-based Pershing, said in May that he bought a “passive” stake in Family Dollar because it was “very reasonably priced” and “attractive” for a leveraged buyout. Family Dollar Investors Bet on Sale as Shorts Flee: Real M&A 2011-09-27T01:27:03Z Del Monte Downgraded Following KKR Buyout on Declines in Sales Del Monte Foods Co., the target of a leveraged buyout completed in March, saw its senior unsecured note rating lowered to CCC on Sept. Viceroy, Dodgers, NewPage, Solyndra, Windstar: Bankruptcy 2011-09-26T12:06:05Z The value of the sale was not disclosed but sources familiar with the deal told Thomson Reuters LPC that the loan to support the leveraged buyout is expected to be around $200 million. Thomson Reuters sells risk unit to Vista Equity Partners 2011-09-23T12:47:40Z Last year, the S.E.C. charged six family members with tipping or trading on tips in advance of the 2007 leveraged buyout of Florida East Coast Industries. In the Insider Trading War, Market-Beaters Beware 2011-09-22T12:00:01Z Until now, the case was limited to 17 leveraged buyouts like SunGard Data Systems, purchased by seven private equity firms, and Freescale Semiconductor, which four different funds acquired. DealBook: Judge Widens Antitrust Suit Against Private Equity Firms 2011-09-09T01:29:28Z In May 2007, the yield gap narrowed to zero when “we were beginning to realize we were in for a significant slowdown” and there was an “overhang” of leveraged buyout loans, Melentyev said. Loans Yield More Than Bonds for First Time Ever, BofA Says 2011-09-06T20:59:02Z The financial crisis brought leveraged buyouts to a halt and prevented Carlyle from moving forward. Carlyle Files for Initial Public Offering to Join Blackstone 2011-09-06T12:32:04Z It was one of the most obvious manifestations of the out-of-kilter, financialised, over-indebted economy that a job engineering leveraged buyouts became infinitely more attractive than a job in plain old engineering. Hard-up young bankers in search of new ventures 2011-08-27T23:01:01Z Several investment firms used MAC clauses in their deal agreements to walk away from leveraged buyouts reached during the private equity boom. DealBook: Cerberus Ends $1.1 Billion Innkeepers Deal 2011-08-22T15:48:12Z Mezzanine funds, accustomed to getting an average 10 percentage points more than benchmark rates to fund leveraged buyouts, are less shy of risk. Buyout Firms Turn to Mezzanine Finance Amid Europe Junk Drought 2011-08-22T10:59:01Z Kinetic Concepts agreed last month to sell itself to a group of investors led by Apax Partners in the largest leveraged buyout since the financial crisis. DealBook: ConvaTec Said to Bid for Kinetic Concepts 2011-08-22T01:46:09Z The availability of funding is important to the viability of the offer, as costs for U.S. leveraged buyouts climbed this month to the highest level since December. Kinetic Said to Get ConvaTec Bid Exceeding Apax Offer 2011-08-21T21:12:01Z The employees contended that the leveraged buyout that resulted in creation of the ownership plan violated federal pension law. L.A. Times employees settle lawsuit over Tribune stock ownership plan for $32 million 2011-08-20T03:32:00Z Warburg also has less of a central focus on leveraged buyouts, the classic private equity transaction in which a firm borrows large amounts of money to take companies private. DealBook: Warburg Stays in Fray, but Off Public Market 2011-08-18T01:44:23Z Even as Carlyle aims to persuade investors to pay more for carry, the firm is also trying to convince them its management fees outside of leveraged buyouts are on the rise, the people said. Carlyle Pitches Wall Street on IPO Valuation to Rival Blackstone 2011-08-17T04:27:29Z But the club last year recorded a pretax loss of nearly £80 million due to debt repayments associated with the Glazers' highly leveraged buyout of the team. Manchester United's Goal: $1 Billion IPO 2011-08-16T23:05:15Z The Premier League champions carry around £500m in bond debt, acquired in 2010 when Glazers launched a bond issue to pay off existing loans taken out to facilitate the leveraged buyout. Manchester United eyes a partial flotation on Singapore stock exchange 2011-08-16T17:21:23Z The buyout firms may drop the plan if they can’t obtain financing at terms that are economically viable as borrowing costs for U.S. leveraged buyouts climb to the highest level since December, said one person. Bain, Avista Said to Examine Bid for Kinetic to Top Apax 2011-08-16T16:37:02Z A similar article that same month and year in The Boston Globe noted that Bain Capital specialized in leveraged buyouts and cited MIT Sloan School of Management professor Howard Anderson. Big Business has been very, very good to Mitt Romney 2011-08-12T16:35:00Z The index includes companies such as Texas power producer Energy Future Holdings Corp. and Clear Channel Communications Inc. that were acquired in leveraged buyouts before the credit crisis three years ago. Bank of America Credit-Default Swaps Lead Rise in Lender Risk 2011-08-11T21:55:04Z But the same logic applies to insurance companies, hedge funds and even leveraged buyout firms. Economix: Could Tax Reform Make the Financial System Safer? 2011-07-21T09:00:42Z In its decision today to put News Corp on ratings watch negative, S&P didn't say anything about the risk of a leveraged buyout. COLUMN-Could News Corp end up in play? -Salmon 2011-07-18T21:55:08Z The newspaper said that Miller was studying a leveraged buyout with a "public stub" allowing a portion of the company to stay publicly traded. UPDATE 1-CEO considers taking part of Exco private-source 2011-06-25T01:12:10Z The financing is the biggest loan for a leveraged buyout in Europe this year, according to data compiled by Bloomberg. Clayton-led Group Said to Seek $1.9 Billion in LBO Debt for Spie 2011-06-22T15:39:45Z Mitt Romney of Massachusetts – who once headed a private equity firm that specialized in leveraged buyouts — saying that at Mr. Huntsman’s family chemicals conglomerate, the Huntsman Corporation, he “built jobs, didn’t just buy them.” The Caucus: Huntsman Enters Race With Cordial Criticism of Obama 2011-06-21T17:40:18Z That much is pretty standard fare for so-called fraudulent transfer cases, which often follow in the wake of failed leveraged buyouts. Lawsuit against Blackstone could test LBO defense 2011-06-20T20:23:09Z Australia, Japan and South Korea are considered developed markets for private equity in Asia, where, similar to North America and Europe, leveraged buyouts of whole companies are the usual private equity form of investing. Private equity investment to rise in Australasia, Korea - report 2011-06-20T10:12:26Z It said Apollo played a direct role in reducing the value of its claims by consummating an unsuccessful leveraged buyout of Innkeepers. Creditors pan Innkeepers' bankruptcy exit plan 2011-06-18T00:13:37Z In a leveraged buyout, a buyer funds part of its acquisition with money borrowed in the target company’s name. Clayton-led Group Said to Seek $1.9 Billion in LBO Debt for Spie 2011-06-22T15:39:45Z Private-equity firms are expanding into asset management and advisory businesses as profits from leveraged buyouts decline. Carlyle Acquires 55% of Tiger-Backed Emerging-Market Hedge Fund 2011-06-14T14:16:46Z Blackstone will likely argue the bankruptcy was caused by a broader industry decline or economic recession and not its forecasts that were used to value the leveraged buyout. Lawsuit against Blackstone could test LBO defense 2011-06-20T20:23:09Z The person spoke to The Associated Press on Tuesday on condition of anonymity because the deal with the group led by New York-based leveraged buyout specialist Joshua Harris is not yet complete. AP source: 76ers could be week away from sale 2011-06-07T20:37:55Z One plan is backed by the company, lenders that financed the 2007 leveraged buyout and the unsecured creditors committee. Tribune creditors sue ex-shareholders for billions 2011-06-03T17:39:06Z Bonds from Freescale tumbled to below 20 cents on the dollar in the two years following the leveraged buyout as the global economy slowed and credit markets froze, causing investors to flee riskier assets. Freescale Default Odds Tumble on IPO Cushion: Corporate Finance 2011-06-02T15:59:30Z The contracts soared as high as 237.3 basis points in October amid speculation it could be the subject of a leveraged buyout. Sealed Air Sees ‘Trifecta’ in $2.9 Billion Diversey Purchase 2011-06-01T18:53:08Z Owners of the restaurant agreed to sell their shares to the restaurant in 2007 for a total $1.1 million -- a leveraged buyout so small that it was done with a Small Business Administration loan. Lawsuit against Blackstone could test LBO defense 2011-06-20T20:23:09Z The search for new revenue reflects the limits of leveraged buyouts as targets become more expensive and clients balk at committing new funds. Buyout Firms Morphing Into Asset Managers as Takeovers Dwindle 2011-05-31T17:30:58Z A number of the largest leveraged buyouts, such as Energy Future Holdings, the Texas power company formerly known as TXU, and media company Clear Channel Communications remain on private equity firms' books to exit. Dealtalk: Buyout exits boost fund-raising hopes 2011-05-27T16:33:55Z “It’s an attractive LBO transaction,” he added, using the abbreviation for leveraged buyouts. Ackman Buys Family Dollar Stake, Says It’s an LBO Candidate 2011-05-25T22:03:30Z Mr. Forstmann — the billionaire financier who helped create the leveraged buyout industry in the 1970s and who coined the phrase “Barbarians at the Gate” — has brain cancer. DealBook: Philanthropy Is Given Focus by Brain Cancer 2011-05-24T01:04:22Z While financing is available for leveraged buyout deals, the run-up in market valuations means that many potential targets are too expensive for private equity firms, which typically target returns of 20 percent on their investments. Big Lots fails to attract high bids: sources 2011-05-19T17:26:04Z There are also signs of fatigue in the IPO market after a flood of Chinese IPOs and leveraged buyouts at the start of the year. A storm gathers over equities markets 2011-05-13T22:20:25Z Apollo was formed in 1990 by Black, Joshua Harris and Marc Rowan and pursues leveraged buyouts, credit investments and distressed asset purchases. Black’s Apollo Agrees to Buy ‘Idol’s’ CKX for $5.50 a Share 2011-05-10T14:30:32Z While that is less than the 2006 leveraged buyout deal value, the private equity owners have the opportunity of making their money back by secondary share offerings at future dates. Chipmaker Freescale plans $1 billion IPO 2011-05-10T05:16:17Z |
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