Private Equity
The New York-based firm will use its equity in Chrysler’s automotive operations as an incentive for labour and creditors in the restructuring of the struggling automaker, while cautioning that its funds are not an ‘ATM machine’.
2 min read · 05 January 2013
The New York-based private equity firm has agreed to buy a 70% stake in Flagstar Bancorp as long as the US government injects $250m from the Troubled Assets Relief Program in the bank.
2 min read · 05 January 2013
LPs in Lehman's private equity funds have retained Kirkland & Ellis and private equity advisor StepStone to guide them through the auction of Lehman's venture and private equity funds. The bank hopes to close deals in the first quarter of 2009.
2 min read · 05 January 2013
Creditors of bankrupt holding company Washington Mutual Inc., which once owned Washington Mutual Bank, are seeking a court order forcing the company to get written consent from the creditors before funding capital calls.
2 min read · 05 January 2013
The New York-based mega-buyout shop will cut back on 5% of its roughly 1,400-member workforce. The news comes after the publicly listed firm reported steep losses in the third quarter.
2 min read · 05 January 2013
The Massachusetts-based toy company has filed for Chapter 11 protection amid steep declines in sales, a result of the overall slowdown of consumer spending. Prentice Capital Management bought KB out of bankruptcy in 2004 from Bain Capital.
1 min read · 05 January 2013
The private equity firm, formerly called Joseph Littlejohn & Levy, holds a 30% stake in the Canadian company.
1 min read · 05 January 2013
The listed French private equity firm will have to partially write down its investment in Las Vegas casino operator, Station Casino, but it says its portfolio companies are taking necessary steps to weather the global financial storm.
2 min read · 05 January 2013
The Los Angeles-based private equity firm acquired most of the food product supplier’s debt for less than $200m after it filed bankruptcy earlier this year. Madison Dearborn Capital Partners bought Pierre for $422m in 2004.
1 min read · 05 January 2013
The New York-based secondaries firm plans to capitalise on an expanding secondary market in 2009 and 2010. Fund VII will invest mostly in the US, but also in emerging markets.
2 min read · 05 January 2013
