Private Equity
The California-based firm, which bought a 25% stake in Palm for $325m last year, is making another capital injection to help the struggling maker of mobile-computing devices after five straight quarterly losses. The firm, which includes U2 lead singer Bono as one of its partners, is investing from its debut fund, which closed on $1.9bn in 2006.
2 min read · 05 January 2013
The former investment bank, which has applied to become a bank holding company, took a loss of $1.8bn in its asset management division, which includes private equity and real estate businesses.
1 min read · 05 January 2013
Many global buyout firms may disappear over the next two to three years, according to a recent study that also found a large portion of debt in private equity-backed companies trading at distressed levels.
2 min read · 05 January 2013
The US-based mega-buyout firm has exited AxleTech International at a time when the US auto industry is struggling for survival. It purchased the company from Wynnchurch Capital in 2005.
1 min read · 05 January 2013
The European buyout firm has sold Orbiscom to MasterCard, marking its 16th exit since June 2007.
1 min read · 05 January 2013
The price of the merger, originally valued between $185m and $205m, was reduced to an undisclosed amount due to Kohlberg’s inability to secure financing.
2 min read · 05 January 2013
The $17bn endowment has suffered from declining financial markets, and also said it has been establishing reserves in anticipation of 'substantial' write-downs in its private equity and real estate portfolio.
2 min read · 05 January 2013
The Southern California-based private equity advisor has hired James Gamett to head up secondary investments, which the company believes has become an attractive investment area.
1 min read · 05 January 2013
The auto-parts supplier has succumbed to its debt load after failing to refinance $53m on loans. Distressed debt firm Wayzata Investment Partners has bought the company’s debt and will control the bankruptcy process.
1 min read · 05 January 2013
The bank lost $3.9bn over the past year in its principal investment area, which includes alternatives. Goldman’s CFO said the company is well-capitalised and is being patient for good investment opportunities.
2 min read · 05 January 2013
