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Listed PE stocks continue to dive(3)Recently-listed private equity stocks are under-performing on both sides of the Atlantic, casting doubt on the future ability of buyout firms to tap the public markets for additional capital.
- Listed PE stocks continue to dive(2)
Recently-listed private equity stocks are under-performing on both sides of the Atlantic, casting doubt on the future ability of buyout firms to tap the public markets for additional capital.
- Listed PE stocks continue to dive
Recently-listed private equity stocks are under-performing on both sides of the Atlantic, casting doubt on the future ability of buyout firms to tap the public markets for additional capital.
- Bush vows to veto bills raising taxes
As legislators continue to speak out for and against proposed legislation that would raise taxes on private equity’s publicly traded partnerships and carried interest, President Bush has said he will veto tax-raising bills.
- Cerberus sells German residential portfolio for €1.6bn(3)
Pirelli RE and Deutsche Bank have agreed to buy German property group BauBeCon from Cerberus, in a transaction valued at €1.6bn.
- Ethos and Goldman place bets on South African gaming company
Ethos Private Equity, one of South Africa’s largest domestic buyout firms, and Goldman Sachs are heading a consortium to buy local casino Gold Reef Resorts, in the US investment bank’s first deal in the country.
- Union attacks KKR, Och-Ziff IPOs
The US’ largest federation of unions has appealed to the SEC to require KKR and Och-Ziff to register as investment companies ahead of the two firms’ planned initial public offerings.
- Clinton: taxing carry as capital gains is offensive(3)
Hillary Clinton has become the latest Democratic presidential candidate to speak out in favour of carried interest tax reform. Earlier this week ex-Fortress advisor John Edwards slammed a tax code that lets GPs ‘pay taxes at a lower rate than their secretaries’.
- Apollo to list on Goldman exchange(3)
Apollo will reportedly become the second major alternative asset manager to list a portion of its management company on Goldman’s private exchange. The private float is expected to follow sales of minority stakes to Abu Dhabi and possibly CalPERS.
- Carlyle sells stake to Abu Dhabi government fund
The US alternative assets group has sold a further 7.5 percent stake in itself to a strategic investor, valuing David Rubenstein's firm at $20 billion. It sold 5.5 percent to CalPERS in 2000.