Sallie Mae related stories
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Silver Lake, ValueAct drop $3bn buyoutSilver 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.
- JC Flowers-backed NIBC in fresh setback(2)
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.
- Sallie Mae rejects lower bid
Sallie Mae has rejected a revised bid from the JC Flowers-led consortium that would have cut the value of the $25 billion buyout by up to $4 billion.
- JC Flowers-backed NIBC in fresh setback
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.
- Carlyle bulks up financial services team
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.
- Consortium to drop $25bn Sallie Mae deal
A JC Flowers-led consortium has said it will likely drop its $25 billion bid for Sallie Mae, but is willing to renogotiate the deal, taking into consideration a changed economic and legislative environment.
- Private Equity Council launches website(3)
In the latest phase of its development, industry lobbying group the Private Equity Council recently launched a new website meant to increase public knowledge of private equity.
- $26bn Sallie Mae deal under threat(3)
The JC Flowers-led consortium trying to buy US lender SLM Corp for $26 billion threatened to pull its bid yesterday, knocking almost 10 percent off the share price, as US lawmakers proposed a bill to slash student loan subsidies.
- $26bn Sallie Mae deal under threat(2)
The JC Flowers-led consortium trying to buy US lender SLM Corp for $26 billion threatened to pull its bid yesterday, knocking almost 10 percent off the share price, as US lawmakers proposed a bill to slash student loan subsidies.
- $26bn Sallie Mae deal under threat
The JC Flowers-led consortium trying to buy US lender SLM Corp for $26 billion threatened to pull its bid yesterday, knocking almost 10 percent off the share price, as US lawmakers proposed a bill to slash student loan subsidies.