Corsair related stories
All articles and analysis
Choosing battlesThe image of private equity firms on both sides of the Atlantic asking for bailout money weakens the industry’s position on the carried interest debate, writes Christopher Witkowsky.
- PNC to buy Corsair-backed National City for $5.2bn
Corsair Capital will be made whole on its investment in National City because of an anti-dilution provision, according to a source. The US Treasury will take a $7.7bn stake in the combined entity.
- Corsair-backed National City stock plunges 63%
The Midwest regional bank’s trading price has tumbled following the collapse of the proposed $700bn federal bailout plan.
- TPG’s WaMu stake hits new low
The Seattle savings and loan’s stock price is down 74 percent, spelling a paper loss of more than $1.4bn for TPG.
- CapGen to invest $100m in PacWest Bancorp
This is the second bank deal for the New York private equity firm, registered as a US bank holding company. It comes amid increased interest in the role that private equity firms can play with cash-strapped US banks.
- Report: IndyMac sought PE help before failure
The 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.