| ||||||||||||||||||||||
| ||||||||||||||||||||||
Entries tagged "TH Lee"Clear Channel hears bankruptcy's song?Although broadcaster Clear Channel discounts bankruptcy chatter, the PE-owned company's debt load worries research firm CreditSights. AIG's ILFC may get bids from PEAmerican International Group Inc.'s (NYSE:AIG) aircraft-leasing unit could get bids from three private equity groups. As banks merge, private equity stays on the sidelineWhen trouble first started hitting Wall Street, it looked as if a golden opportunity was beckoning for private equity and distressed investors who were already sitting on piles of cash just waiting to be deployed into high-quality investments. Over the last 18 months, the financial services sector has been rocked by failures, shot-gun marriages and now government rescues, but with only a few exceptions buyout shops have been content to watch and wait from the sidelines. ... Ratings Review: S&P keeps Clear Channel on credit watchStandard & Poor's Ratings Services said that its ratings for Clear Channel Communications Inc. on Thursday remained on credit watch with negative implications. ... Harbinger, Salton in $915M deal for Spectrum pets businessSpectrum Brands Inc. on Wednesday said it would sell its pet supply business to Salton Inc. in a deal worth up to $915 million, with financing from private equity firm and hedge fund Harbinger Capital Partners. ... Clear Channel agreement reachedClear Channel Communications Inc. and its private equity buyers have reached an agreement in principal with the banks sponsoring the buyout. The Deal has confirmed a report on CNBC, that the banks will fund the deal at $36 a share rather than the agreed to $39.20 a share. The agreement comes after a New York trial was delayed over a day and a half as the parties met to discuss a resolution. Bain Capital LLC and Thomas H. Lee Partners LP sued the banks, which include Citigroup Inc., Deutsche Bank AG, Credit Suisse Securities LLC, Morgan Stanley, Royal Bank of Scotland... Clear Channel settlement may be nearAfter a New York trial over litigation that Clear Channel Communications Inc.'s private equity backers brought against their banks was adjourned for a day, shares of the radio broadcaster shot up $1.28, or more than 4.25%, to $31.28 during Monday morning trading. A Texas State Court hearing was also adjourned. The parties are said to be in talks to resolve the dispute over financing for the $25 billion buyout.... Banks get split decision in Clear Channel caseA New York state court has thrown out three of the four claims made by Bain Capital LLC and Thomas H. Lee Partners LP in a closely watched suit against the banks financing the $25 billion buyout of Clear Channel Communications Inc. But Judge Helen E. Freeman left intact the private equity firms' breach of contract claim, which is the core of the suit.... The Deal Calendar: May 5 - May 9, 2008This week's edition of The Deal Calendar breaks down the essential M&A milestones of the week ahead, including News Corp.'s earnings and the Getty Images inc. deal. Plus, The Deal's Mary Kathleen Flynn sits down with Scott Stuart to discuss the Clear Channel Communications Inc./Bain Capital LLC/Thomas H. Lee Partners trial. ... Risk-Arb update: Take-Two, Clear Channel, moreThe game is on for Electronic Arts Inc.'s hostile approach to Take-Two Interactive Software Inc, while the trial begins in New York Supreme Court next week over the debt commitment for the buyout of Clear Channel Communications Inc. ... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "TH Lee." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
 Deal Video
    Community
 Elsewhere on The Deal.comDealwatch
The Deal MagazineCorporate Dealmaker
The Deal VideoCategories
Blog roll
Archives
| ||||||||||||||||||||||
| ||||||||||||||||||||||
