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Entries tagged "LBO"

Waiting for Talecris

Private equity firms have proceeded with caution as they approach the awakening IPO markets. But with Talecris, Cerberus and Ampersand seem ready to test the limits of investor appetites.

Between reality and the mirage

Some of the most sophisticated minds in finance operate in private equity. Still, over the past decades, they've been drawn to overheated markets as easily as your Average Joe.

Paul Levy on private equity's fee habit

The JLL Partners managing director Paul Levy says PE is now dominated by assets under management.

Up a down staircase

Crisis and recession tested buyout funds and turned our annual review of private equity highlights into a tableau of winners, losers and survivors.

Go shop till you drop

At least one blast from the private equity past has sounded this spring: the go-shop clause. In two recent deals, a seller used a go-shop to get a better offer, and in a third, the seller generated three alternate proposals but stood by the initial agreement.

Transactions from hell

Three big newspaper company buyouts go bust. Maybe local ownership isn't that important.

The risks of derisking

Covenant-lite structures did not prevent Aleris' slide into Chapter 11. Two other aluminum companies landed in bankruptcy this year, and more are on the brink.

Road to perdition

Sun Capital's Mark IV ran into headwinds saddled with debt. Three auto suppliers went belly up in May alone, and there are other struggling companies in the same line of business that could well add to that toll.

Clear Channel

Clear Channel Communications Inc. shareholders on July 24 approved its revised, multi-billon-dollar leveraged buyout by Bain Capital LLC and Thomas H. Lee Partners LP. The deal is set to close July 30.