Sallie Mae related stories
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Friday Letter After all this pain, things will get betterThe past 12 months have brought unprecedented turmoil to markets everywhere, and the private equity industry suffered profound ripple effects from many of the year’s most dramatic events.
- Friday Letter Why PE managers like MACS
Private equity managers can strategically execute “Material Adverse Change” clauses to renegotiate deals in their favour –though doing so brings significant reputational risk.
- Amalgamated builds up PE lending arm
The bank’s transition into asset-based lending for private equity-backed deals could be part of a niche financing trend for medium sized banks, says Amalgamated investor Wilbur Ross.
- News analysis: Why PE managers like MACS
Private equity managers can strategically execute “Material Adverse Change” clauses to renegotiate deals in their favour –though doing so brings significant reputational risk.
- Why PE managers like MACS
Private equity managers can strategically execute “Material Adverse Change” clauses to renegotiate deals in their favour – though doing so brings significant reputational risk.
- Economic woes herald return of the MAC
Cerberus’ abandoned deal to acquire US hotel chain Innkeepers may signal a return of firms exercising Material Adverse Change or Material Adverse Effect Clauses in response to global market uncertainty.
- TH Lee, Bain and Clear Channel sue banks to force financing on $26bn deal
The banks have vowed to 'vigourously' fight the lawsuits, while a Texas judge has issued a temporary restraining order compelling them to fund the take-private bid.
- Fifty finest
Private Equity International is proud to present its selection of markettransforming individuals who give shape and character to private equity today. The list, which is not a ranking, is ordered alphabetically.
- FTVentures raises $512m for Fund III
Liberty Mutual, Skandia Insurance, Barclays, the New York State Common Retirement Fund and Kamehameha Schools are among the firm’s new limited partners.
- Financial services M&A veteran joins Carlyle
UBS investment banker Olivier Sarkozy has joined The Carlyle Group’s recently formed financial services team. The team aims to exploit low valuations in the financial services sector, which has been hit by recent worldwide credit market problems.