Hyatt, Ancestry.com pull off upbeat market debuts (Dealscape

Hyatt Hotels Corp.'s shares rose in its market debut Thursday, but those gains came at a sacrifice for its primary private-equity backers. Hyatt's stock began trading on the New York Stock Exchange under the ticker symbol H at $27.8% above the $25 price established late Wednesday.

Public enthusiasm may have offered some solace to Hyatt's largest private equity backers, Goldman, Sachs & Co. and Madrone Capital Partners, both of which have suffered significant paper losses on their investments in the Chicago-based hotel chain.

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NOT A SUBSCRIBER? Hyatt, Ancestry.com pull off upbeat market debuts Posted on November 6, 2009 11:00 AM Hyatt Hotels Corp.'s shares rose in its market debut Thursday, but those gains came at a sacrifice for its primary private-equity backers. Hyatt's stock began trading on the New York Stock Exchange under the ticker symbol H at $27.8% above the $25 price established late Wednesday. Public enthusiasm may have offered some solace to Hyatt's largest private equity backers, Goldman, Sachs & Co. and Madrone Capital Partners, both of which have suffered significant paper losses on their investments in the Chicago-based hotel chain. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 50 in-depth transaction records for Goldman, Sachs 26 in-depth reports of PE deals in the Leisure sector 24 articles related to Hyatt Hotels 15 articles related to Madrone Capital 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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