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Wednesday, November 25, 
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Entries tagged "Kieran Higgins"

Nomura completes Lehman integration, names execs

Japan's largest brokerage, Nomura Holdings Inc., is feeling growing pains as the costs associated with its acquisition of Lehman Brothers Holdings Inc.'s assets and a slumping global economy force it to downsize. Nomura said it would cut about 1,000 employees in London after a review of equities and investment banking operations. Nomura also announced a new management structure for its global wholesale business, effectively marking the end of the transition process for it's acquisition of most parts of Lehman's Asia-Pacific franchise, including Hong Kong, Singapore, Australia, India, Thailand and Japan....



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REIT IPO deja vu

Real estate sponsors that might wish to undertake an IPO will need to consider a wide variety of issues and begin to take action long before the first filing with the SEC.


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Loan-to-buy

Paulson's proposal to purchase an equity stake in Yellow Pages publisher Idearc is the second time in recent months an investor group has used its prepetition debt position to execute a bargain price 'exit LBO.'


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Managing your shareholder base

Growth companies and their PE sponsors should be wary of the pitfalls that arise when they layer on tiers of preferred stock.



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