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Tuesday, November 24, 
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Entries tagged "Neuberger Berman"

Asset managers left without a partner?

Only a few months ago, there was a bevy of attractive asset management units up for grabs. That's no longer the case.


Carlyle gives Lehman's asset management arm a good look

Bain Capital LLC and Hellman & Friedman LLC's deal to buy Lehman Brother Holdings Inc.'s asset management arm for $2.15 billion has become only the starting point for the bankrupt investment bank's division. The sale of the unit, which includes Lehman's crown jewel Neuberger Berman LLC, is being contested by the Carlyle Group, which is gearing up to make a bid of its own, with a number of other firms taking a look as well. ...


Bankruptcy Update: Lehman Brothers, Tropicana and more

Here are some of the latest bankruptcy stories our reporters have been covering Thursday morning on TheDeal.com. For more check out the bankruptcy channel on TheDeal.com or visit Bankruptcy Insider. ...


Bain, Hellman & Friedman get Neuberger Berman for $2.15B

Private equity firms Bain Capital LLC and Hellman & Friedman LLC have agreed to pay $2.15 billion for the asset management arm of bankrupt investment bank Lehman Brothers Holdings Inc., gaining the unit's crown jewel, Neuberger Berman, as well as the fixed-income, private equity and other alternative-asset businesses. ...


Neuberger Berman exec talks about the future

Speaking at a financial conference in Geneva Monday, Henry Ramallo, an executive at Neuberger Berman LLC, expressed some thoughts on future of investment banks and which private equity firms are most likely to buy the asset management firm he manages from bankrupt investment bank Lehman Brothers Holdings Inc. ...


Rabble Babble: Latest Lehman asset sale rumors

Lehman Brothers Holdings Inc.'s historic bankruptcy filing has potentially huge repercussions. However, unlike Bear Stearns Cos., which sold to J.P. Morgan Chase & Co. earlier this year, Lehman has assets to sell. Here are the latest rumors surrounding the sales of Lehman's assets. ...


Will a Lehman-KDB deal kill Neuberger Berman auction?

The private equity firms bidding for Lehman Brothers Inc.'s asset management unit may see all their hard work come to naught if the embattled investment bank can work out a capital infusion with a consortium of Asian investors led by Korea Development Bank....


KDB confirms talks to buy Lehman stake

Korea Development Bank confirmed that it is in talks to buy a stake in investment bank Lehman Brothers Inc., hopefully as a member of an investment consortium. For the full story see TheDeal.com....


Lehman moves to sell Neuberger Berman

The speculation over whether or not Lehman Brothers Inc. will sell its prized money management division, Neuberger Berman, can now end, as the bank has reportedly sent out letters gauging the interest of private equity firms....


Analyst leans on Lehman to sell Neuberger Berman

Come on already and sell, sell, sell. There have been so many rumors concerning Lehman Brothers Inc. selling Neuberger Berman LLC that it almost seems like the analysts are schoolyard bullies trying to pressure a weaker kid into doing something against his better judgment. The latest analyst to stride on to the field is Sanford C. Bernstein Co. analyst Brad Hintz, who is intimately familiar with Lehman. ...


Lehman to consider partnering or asset sale

Lehman Brothers Inc. may consider partnering with a strategic alliance, an asset sale or a stock buyback to stabilize the firm's footing. No doubt that this recent report won't help out Lehman Brothers stocks, which have been plagued by rumors. The stock opened Monday morning at $16.25 and has been sinking throughout the day. ...



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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

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