Sallie Mae related stories
All articles and analysis
Carlyle bulks up financial services team(3)US buyout firm The Carlyle Group has expanded its financial services team with a string of high profile appointments, after closing a real estate and a European fund last week.
- Carlyle bulks up financial services team(2)
US buyout firm The Carlyle Group has expanded its financial services team with a string of high profile appointments, after closing a real estate and a European fund last week.
- Cerberus axes $6.6bn United Rentals buyout
Cerberus is joining KKR, Goldman Sachs and JC Flowers to become the latest buyout firm to walk away from a megadeal agreed before the liquidity crisis.
- Flowers spurns Sallie Mae
The student loan giant has said the JC Flowers-led group that walked away from a previously agreed buyout has rebuffed its offer to renegotiate a deal. Sallie Mae will continue its legal action to force the consortium to pay a $900 million breakup fee.
- Cerberus drops $6.2bn ACS bid
Cerberus’ proposed $62 per share buyout of Affiliated Computer Services is the latest LBO to fall apart.
- Blackstone mulls Sallie Mae bid
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
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.
- Sallie Mae shareholders back buyout
The shareholders of Sallie Mae, a US student loan company that accepted a buyout bid from a consortium led by JC Flowers in April, have voted in favour of the $25 billion deal – despite concerns that government cuts could cause the buyers to drop their offer.
- JC Flowers-backed NIBC in fresh setback(3)
NIBC, the Dutch bank backed by US private equity firm JC Flowers, has suffered €137 million of losses on US asset-backed securities. Earlier this year it abandoned plans for an initial public offering.
- JC Flowers LPs could pay $192m for Sallie Mae breakup
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.