Private Equity
Lehman's private equity real estate arm is not part of the $2.1bn deal by Bain Capital and Hellman & Friedman to acquire the investment bank's prized asset management business, Neuberger Berman. Lehman's private equity funds of funds and secondaries units will be sold.
1 min read · 05 January 2013
The private equity firm anticipates spending $50m from the fund on three investments by the end of the year.
1 min read · 05 January 2013
The auction for Lehman's Neuberger Berman and units including private equity fund of funds and secondaries, as well as infrastructure, will proceed despite objections from Carlyle over a $2.15bn bid from Bain and Hellman & Friedman.
2 min read · 05 January 2013
Investments made by private equity firms are not subject to the same risks as firms with higly leveraged holdings of mortgage-backed securities and derivatives, according to a Private Equity Council study.
2 min read · 05 January 2013
The bankrupt retailer will be sold for about $476m to a liquidation group including Gordon Brothers Retail Partners, Hilco Merchant Resources and Hudson Capital. Apollo, which spent $201m for its stake in the company, has said the loss will have minimal impact.
2 min read · 05 January 2013
The investment in Redington, a tech products distributor, will be made from the firm's Gulf growth opportunities fund, which was launched in 2007 and has received commitments totalling $1.1bn.
1 min read · 05 January 2013
Simpson Thacher & Bartlett, the law firm for private equity heavyweights like Blackstone and KKR, will guide the government as it spends up to $250bn purchasing equity stakes in banks. The government also hired Bank of New York Mellon to serve as custodian for the $700 billion bailout.
2 min read · 05 January 2013
While its full impact remains unclear, the US goverment's intent to buy $250bn in bank equity stakes could create lucrative co-invesment opportunities for private equity firms.
3 min read · 05 January 2013
The deal for Endurance International is the Menlo Park, California firm's second this month and the third from its recently closed $600m Fund III.
1 min read · 05 January 2013
Dubbed Amara, the fund will rely largely on Gulf-based LPs and plans to go public on London’s Alternative Investment Market. The fund has formed a partnership with Pan China Construction to co-invest in joint ventures.
1 min read · 05 January 2013
