Corsair related stories
All articles and analysis
Report: IndyMac sought PE help before failureThe California bank, which was taken over by the government earlier this month, approached several private equity firms in search of rescue capital but found no takers.
- 'Falling knife' slices values of high-profile PIPEs
As the stock prices of many financial services companies collapse, Warburg Pincus, TPG and Corsair Capital are suffering publicly due to possibly ill-timed investments in MBIA, Washington Mutual and National City, respectively.
- Corsair leads $985m equity infusion in US regional bank
The JPMorgan spin-out has partnered with Ontario Teachers’ and the founder of Dell Computers to rescue the subprime-hammered bank National City.
- Corsair nabs CSFB exec vice chair
Corsair Capital, the financial services supergroup spinning out of JP Morgan, has added a new star partner - Richard Thornburgh, an executive vice chairman at Credit Suisse First Boston.
- Corsair Capital to spin out of JP Morgan
Corsair Capital, a financial services private equity specialist, is to be spun out of JP Morgan and is planning on opening a London office.
- peHUB Second Opinion 7.26
To end your day, we have earning results from Facebook and Amazon, a debate on Internet valuations and Romney gets in trouble in London.
- Fusion-io Soars in Debut; Combined Shares Held by NEA and Lightspeed Worth More than $780M -- UPDATED
(Reuters) - Shares of Fusion-io Inc. (NYSE: FIO), which makes storage memory hardware and software for data centers, soared 34 percent in their market debut, as the rush to snap up technology startups showed no signs of waning. Fusion-io's shares sold for an IPO price of $19 apiece, but Thursday's opening price of $25 a share values the company at about $1.95 billion. The company had originally planned to sell shares in the $16-$18 range. UPDATE: The company's shares ended the day at $22.50, up 18% from their IPO price. As of 2:43 p.m. EST, the company's shares were trading for $22.89 each. New Enterprise Associates (NEA) and Lightspeed Venture Partners are Fusion-io’s largest shareholders, according to the company’s most recent S-1 filing. NEA’s 25.93 million shares are worth more than $593 $583 million at $22.89 $22.50 per share, while Lightspeed’s 8.82 million shares are worth more than $201 $198 million. (Note: Updated with closing share price.)
- United Community Banks To Sell 22.5% to Corsair Capital
United Community Banks said late Thursday that it is raising $380 million in capital. Corsair Capital and its LPs are buying 22.5% of United Community's outstanding voting and non-voting common stock. The Blairsville, Ga.-based bank is also selling $435 million of classified assets, which includes approximately $293 million of substandard and nonperforming loans and roughly $142 million of foreclosed properties. Sandler O'Neill + Partners and J.P. Morgan Securities acted as financial advisors on the private placement.