Entries tagged "distressed investments"
With a plot resembling a Hollywood movie, Sirius XM's Mel Karmazin is frantically seeking a white knight to thwart long-time rival Charlie Ergen from snapping up the media company.
Raising capital for distressed investing has been the rage for the last two years. And as the recession deepens, the carnage in banking has the number of potential opportunities there growing exponentially. So it probably struck some limited partners as strange when private equity firm TPG Capital decided to reduce the size of its $6 billion distressed fund targeting financial institutions by 25%. ...
At the TMA/The Deal's Distressed Investing Conference in Las Vegas, Harvey Pitt, former SEC chairman and CEO of Kalorama Partners LLC, outlined the top 10 lessons to learn from the current economic crisis....
At the TMA/The Deal's Distressed Investing Conference in Las Vegas, Harvey Pitt, SEC chairman from 2001 to 2003 and CEO of Kalorama Partners LLC, gave a keynote speech addressing the current economic crisis. Pitt lays the blame on the current financial regulatory system. "For the last decade we have had a 21st century financial services marketplace governed by a 19th century regulatory system," he said. ...
At the Deal's M&A Outlook 2009 conference, Scott Vollmer, CEO of Drum Capital Management, spoke about opportunities in distressed investing. In this video, Vollmer explains how his firm chooses troubled companies to purchase. "We are in environment right now where I don't think we are going to see one or two industries unwind. I think we are going to see 34, 35 or 36 unwind," he said. - Maria Woehr ...
