Sallie Mae related stories
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Report: China to invest $4bn in Flowers fundNegotiations between the Chinese Investment Corporation and JC Flowers come as the sovereign fund’s $3 billion investment in Blackstone took a further hit yesterday, with Blackstone's share price reaching a new low.
- Flowers off hook, Blackstone may abandon Alliance
US student lender Sallie Mae will accept a $30 billion refinancing in lieu of a JC Flowers-led buyout. Meanwhile, Blackstone has told Alliance Data it does not think the company can meet closing conditions for a $6.43 billion acquisition.
- Blackstone mulls Sallie Mae bid(2)
Alternative asset manager The Blackstone Group is reportedly preparing a bid for US student loan provider Sallie Mae, once it resolves its dispute over a JC Flowers-led consortium’s abandoned $25 billion bid.
- KKR, Goldman reach $400m accord with Harman(4)
KKR and Goldman Sachs have struck a $400 million deal allowing them to terminate their agreed $8 billion buyout of Harman International Industries without litigation or paying a breakup fee to the audio equipment maker.
- KKR, Goldman reach $400m accord with Harman(3)
KKR and Goldman Sachs have struck a $400 million deal allowing them to terminate their agreed $8 billion buyout of Harman International Industries without litigation or paying a breakup fee to the audio equipment maker.
- JC Flowers LPs could pay $192m for Sallie Mae breakup(4)
JC Flowers reportedly sent a letter to its limited partners today telling them they may have to pay $192 million in breakup fees to Sallie Mae.
- Silver Lake, ValueAct drop $3bn buyout(4)
Silver Lake’s and ValueAct Partners’ $3 billion buyout of data company Acxiom is the latest in a series of deals to fall apart in the wake of the credit crunch.
- KKR, Goldman reach $400m accord with Harman(2)
KKR and Goldman Sachs have struck a $400 million deal allowing them to terminate their agreed $8 billion buyout of Harman International Industries without litigation or paying a breakup fee to the audio equipment maker.
- Kaupthing drops €3bn NIBC acquisition
US buyout firm JC Flowers has been unable to sell the Dutch bank, despite agreeing a deal in August. The cancelled deal may dampen Flowers’ interest in UK bank Northern Rock and UK insurer Friends Provident.
- JC Flowers LPs could pay $192m for Sallie Mae breakup(3)
JC Flowers reportedly sent a letter to its limited partners today telling them they may have to pay $192 million in breakup fees to Sallie Mae.