BLOG.JMHAMILTONPUBLISHING.COM: Category Archive for Private Equity

Bain is seeking roughly $6 billion for the fund itself, with an additional $2 billion earmarked for a “side car” that will allow for co-investments on big deals, this person said.

Posted by J.M. Hamilton Blog at 5/31/2012 5:00 AM | Add Comment

According to Preqin, private equity firms had at the end of last year about $900 billion worth of “dry powder,” or money that they raised mostly before the financial crisis and still needed to invest.

Posted by J.M. Hamilton Blog at 5/30/2012 7:38 PM | Add Comment

“The winners are the private-equity firms, management and the investment banks. . . . The losers are the shareholders, whose equity defendants acquired deceptively and on the cheap.”

Posted by J.M. Hamilton Blog at 5/30/2012 3:30 PM | Add Comment

The former GMAC unit wiped out the holdings of KKR and Goldman Sachs, but now it looks like a decent liquidation play.

Posted by J.M. Hamilton Blog at 5/30/2012 3:00 PM | Add Comment

Look for Private Equity Companies to Enter Bankruptcy in Increasing Numbers, As the European Economy Tanks.... Can American Private Equity Ventures be far Behind??? J.M.H.

Posted by J.M. Hamilton Blog at 5/29/2012 11:15 AM | Add Comment

MRSA and Private Equity

Posted by J.M. Hamilton Blog at 5/28/2012 6:38 AM | Add Comment

Talbots, based in Hingham, Mass, has 516 stores throughout the country.

Posted by J.M. Hamilton Blog at 5/26/2012 12:16 PM | Add Comment

Starr Principal is run by Hank’s youngest son, Scott Greenberg, who began his career at Bankers Trust Co. and has more than 20 years of private equity experience

Posted by J.M. Hamilton Blog at 5/26/2012 12:00 PM | Add Comment

The Obama campaign, however, is right to make an issue of Mr. Romney’s tenure at Bain.

Posted by J.M. Hamilton Blog at 5/26/2012 11:30 AM | Add Comment

Although the Romney campaign plans to argue that Mr. Romney created jobs during his time at Bain, the proposition is a tricky one; the driving force of private equity is to create profits for investors

Posted by J.M. Hamilton Blog at 5/25/2012 5:00 PM | Add Comment

Today we’re online 3.1 hours per day on average, and that’s excluding the other 13 hours a day where we have our mobile devices, our connected TVs, our iPads and Kindles and soon our cars connected to the web.

Posted by J.M. Hamilton Blog at 5/25/2012 7:30 AM | Add Comment

While other companies can still bid for the ResCap portfolio, they would have to pay Nationstar a $72 million breakup fee on top of a higher price for the rights under the terms of the offer, called a stalking horse bid.

Posted by J.M. Hamilton Blog at 5/24/2012 12:30 PM | Add Comment

The world’s shipping companies are turning to private equity to help fill a $249 billion funding gap left by European banks pulling out of ship financing.

Posted by J.M. Hamilton Blog at 5/24/2012 7:30 AM | Add Comment

That robber baron image was not helped a few years ago when the Blackstone Group co-founder Stephen A. Schwarzman gave himself a multimillion-dollar birthday party that included a performance by Rod Stewart.

Posted by J.M. Hamilton Blog at 5/24/2012 6:45 AM | Add Comment

"We feel the time is perfect to enter the deep-water Gulf of Mexico," he said. "With the improved safety procedures and ramp-up in activity the timing is great."

Posted by J.M. Hamilton Blog at 5/24/2012 5:29 AM | Add Comment

RETRO BLOG: "More than half the roughly 220 companies that have defaulted on their debt in some form this year were either owned at one time or are still controlled by private equity firms, according to analysts at Standard & Poor’s."

Posted by J.M. Hamilton Blog at 5/23/2012 6:00 PM | Add Comment

Steven Rattner: "Adding jobs was never Mitt Romney’s private sector agenda, and it’s appropriate to question his ability to do so."

Posted by J.M. Hamilton Blog at 5/23/2012 2:00 PM | Add Comment

If Bain is fair game, is there something about the Obama ad that is out of bounds? The ad received a "mostly true" rating from PolitiFact

Posted by J.M. Hamilton Blog at 5/23/2012 12:15 PM | Add Comment

Mr. Obama denied that such attacks were unfair or unjustified, saying Mr. Romney’s “main calling card” for becoming president was his business experience.

Posted by J.M. Hamilton Blog at 5/22/2012 4:00 PM | Add Comment

“None of what happened in Marion in the 1990s would be very interesting,” Johnson notes, “if Mitt Romney had not built his entire political career on the claim that he’s a job creator.”

Posted by J.M. Hamilton Blog at 5/22/2012 2:30 PM | Add Comment

IF THE SHOE FITS... "The Obama attack ad accused Bain Capital of looting a steel company called GST in the 1990s and then throwing its workers out on the street."

Posted by J.M. Hamilton Blog at 5/22/2012 8:05 AM | Add Comment

“My view of private equity is that it is set up to maximize profits and that’s a healthy part of the free market,” Obama said. “That’s not always going to be good for communities or businesses or workers.”

Posted by J.M. Hamilton Blog at 5/22/2012 7:30 AM | Add Comment

Bain also helped businesses grow, so “these things had redeeming social value, in addition to making Mitt and his investors a lot of money.”

Posted by J.M. Hamilton Blog at 5/21/2012 8:30 PM | Add Comment

Booker told host David Gregory. "Enough is enough. Stop attacking private equity. Stop attacking Jeremiah Wright.”

Posted by J.M. Hamilton Blog at 5/21/2012 8:00 PM | Add Comment

American International Group Inc., Allstate Corp. and FGIC Corp. were among nine members named to the committee, which will negotiate on behalf of unsecured creditors.

Posted by J.M. Hamilton Blog at 5/20/2012 6:30 AM | Add Comment

This ugly portrayal of Romney and private equity first took shape in the GOP primaries, when Newt Gingrich and Rick Perry labeled their rival a “vulture capitalist.”

Posted by J.M. Hamilton Blog at 5/20/2012 5:30 AM | Add Comment

Fortress plans to expand its mortgage-servicing business without holding all the assets on its balance sheet.

Posted by J.M. Hamilton Blog at 5/20/2012 4:00 AM | Add Comment

In a statement released Tuesday, Bain Capital says its record will be distorted and oversimplified during the presidential campaign.

Posted by J.M. Hamilton Blog at 5/18/2012 7:30 AM | Add Comment

Private Equity and Healthcare????? Not a good mix!

Posted by J.M. Hamilton Blog at 5/17/2012 1:30 PM | Add Comment

Private equity investors say that their investments should primarily go to small- and medium-cap enterprises, to help generate jobs in these economies.

Posted by J.M. Hamilton Blog at 5/17/2012 6:00 AM | Add Comment

"Negative ads work. Romney should know, since he eviscerated (Republican rivals) Newt Gingrich and Rick Santorum with withering attack ads in the primaries."

Posted by J.M. Hamilton Blog at 5/16/2012 6:30 PM | Add Comment

“We understand that in a political campaign our exemplary 28-year record will be distorted and complex business situations will be portrayed in a simplistic way,” Bain said

Posted by J.M. Hamilton Blog at 5/16/2012 2:30 PM | Add Comment

"Like a vampire, (Bain) came in and sucked the life out of us," former steel worker Jack Cobb

Posted by J.M. Hamilton Blog at 5/15/2012 11:15 AM | Add Comment

And PE investors aren’t averse to executive amenities, as long as they contribute to the bottom line.

Posted by J.M. Hamilton Blog at 5/15/2012 10:15 AM | Add Comment

Previously known as GMAC, and owned by Private Equity, Ally Mortgate files for Bankruptcy... How many more Bailouts?

Posted by J.M. Hamilton Blog at 5/15/2012 6:31 AM | Add Comment

The new loan is from Goldman Sachs Bank USA and Jefferies Group Inc., which has represented Chesapeake on most of its recent deal making.

Posted by J.M. Hamilton Blog at 5/14/2012 10:30 AM | Add Comment

The idea of sex versus sleep has sparked some spirited marketing in the mattress industry.

Posted by J.M. Hamilton Blog at 5/13/2012 6:30 AM | Add Comment

Private-equity stocks have generally not performed well, but in a yield-starved market, their dividends offer allure.

Posted by J.M. Hamilton Blog at 5/12/2012 3:00 AM | Add Comment

“That’s private equity at work,” continues the narrator, as the music strikes a satisfying chord.

Posted by J.M. Hamilton Blog at 5/11/2012 4:00 PM | Add Comment

What is Private Equity?

Posted by J.M. Hamilton Blog at 5/11/2012 3:00 PM | Add Comment

Carlyle Group LP (CG) sank below its $22 offering price in the fifth day of trading, following a discounted IPO with which the firm sought to prove that shares in private-equity managers can rise.

Posted by J.M. Hamilton Blog at 5/11/2012 6:00 AM | Add Comment

In exchange for major commitments, investors get a break on management fees, which Calpers has been seeking from its outside investment managers.

Posted by J.M. Hamilton Blog at 5/11/2012 5:00 AM | Add Comment

The deal was signed on Friday for just under 340 million pounds ($549 million), according to t he Financial Times

Posted by J.M. Hamilton Blog at 5/10/2012 3:00 AM | Add Comment

Limiting deductibility of debt also could help raise revenues needed to offset the budget cost of lowering tax rates.

Posted by J.M. Hamilton Blog at 5/8/2012 11:59 PM | Add Comment

Mudd resigned to respond to allegations by the U.S. Securities and Exchange Commission that he understated by hundreds of billions of dollars the subprime loans held by Fannie Mae

Posted by J.M. Hamilton Blog at 5/5/2012 3:00 AM | Add Comment

Carlyle was forced to cut its I.P.O. price to $22 a stock unit on Wednesday, after potential buyers showed weak interest for the offering’s expected range of $23 to $25.

Posted by J.M. Hamilton Blog at 5/4/2012 12:05 PM | Add Comment

His tone was reminiscent of private equity’s boom years, prior to the 2008 collapse of Lehman Brothers, when buyout funds were branded as “locusts” by a leading German politician.

Posted by J.M. Hamilton Blog at 5/4/2012 6:00 AM | Add Comment

Gores appears to be claiming that recent poor performance of Pep Boys constitutes a MAC.

Posted by J.M. Hamilton Blog at 5/3/2012 12:00 PM | Add Comment

With $147 billion under management, Carlyle is one of the biggest private-equity firms and counts among its leaders some of Wall Street's high-profile financiers, including co-founder David Rubenstein.

Posted by J.M. Hamilton Blog at 5/3/2012 9:30 AM | Add Comment

Years in the making, Carlyle’s offering is still coming in at a relatively choppy time for alternative-investment firms.

Posted by J.M. Hamilton Blog at 5/2/2012 8:30 PM | Add Comment

It also became clear that he had exhaustively thought through the role of the superrich in our economy, and he wasn’t afraid to share those opinions.

Posted by J.M. Hamilton Blog at 5/2/2012 8:00 PM | Add Comment

Thirty-seven percent of private equity firms are expanding their payrolls in the first half of 2012

Posted by J.M. Hamilton Blog at 5/2/2012 5:00 AM | Add Comment

The Romneys’ $10 million investment in Solamere came through Ann Romney’s blind trust, which was set up when Mr. Romney became governor.

Posted by J.M. Hamilton Blog at 5/1/2012 5:00 PM | Add Comment

The Carlyle Group is now in exclusive negotiations to buy a majority stake in Sunoco's Philadelphia plant, the largest on the East Coast and also at risk of closure.

Posted by J.M. Hamilton Blog at 4/30/2012 8:30 AM | Add Comment

The discussions with creditors remain fluid, and the exact contours of a deal—including when and how some lenders want Mr. Falcone to step aside—are in flux

Posted by J.M. Hamilton Blog at 4/29/2012 1:29 PM | Add Comment

Monomoy’s headquarters is on the 17th floor of a building in midtown Manhattan.

Posted by J.M. Hamilton Blog at 4/28/2012 12:00 AM | Add Comment

Not all of K.K.R.’s holdings increased in value, however. Mr. Nuttall said that Energy Future Holdings, the Texas power utility once known as TXU, had been marked down by half, to 5 cents.

Posted by J.M. Hamilton Blog at 4/27/2012 6:00 PM | Add Comment

Good Luck with That...

Posted by J.M. Hamilton Blog at 4/26/2012 7:00 AM | Add Comment

Why is Private Equity Lining Up to Purchase the Phili Refinery... Sunoco Said They Couldn't Make Money Running It???

Posted by J.M. Hamilton Blog at 4/24/2012 8:15 PM | Add Comment

"We condemn in the strongest way possible the alleged misconduct of these individuals and pledge to continue working with all law enforcement authorities investigating these issues.''

Posted by J.M. Hamilton Blog at 4/23/2012 8:00 PM | Add Comment

Great Wolf is highly leveraged, with more than $515 million of debt - about twice the $262 million in cash Apollo is paying. Apollo is not adding new debt as part of the deal.

Posted by J.M. Hamilton Blog at 4/23/2012 2:30 PM | Add Comment

VERY NICE... "Following its usual blueprint, Fortress starting in late 2010 snapped up about 1,000 of these policies at cut-rate prices, then waited to reap the benefits due once the original holders died."

Posted by J.M. Hamilton Blog at 4/20/2012 7:00 PM | Add Comment

“The $8 billion exemption level is far too high and far higher than was originally proposed last year. I think this demonstrates the enormous lobbying effort of Wall Street and major energy and commodity companies that have been working to undermine Dodd-

Posted by J.M. Hamilton Blog at 4/20/2012 5:15 AM | Add Comment

K.K.R. (as well as Apollo Global Management, another big firm with a nascent property-investing business) is playing catchup to the Blackstone Group, the dominant private equity real estate investor.

Posted by J.M. Hamilton Blog at 4/19/2012 8:15 PM | Add Comment

The size and potential market leverage of a combined Sony and EMI has drawn opposition from independent music companies and consumer advocates.

Posted by J.M. Hamilton Blog at 4/19/2012 6:30 PM | Add Comment

“There has absolutely been collateral damage. Unfortunately, having big-name auditors and bankers behind a company doesn’t guarantee it’s free of issues.”

Posted by J.M. Hamilton Blog at 4/19/2012 5:15 PM | Add Comment

Chinese private equity deal value hit $15.2 billion last year, up from $13.9 billion in 2010

Posted by J.M. Hamilton Blog at 4/19/2012 4:15 PM | Add Comment

Firms controlled by Aubrey McClendon, the high-profile founder and chief executive of Chesapeake Energy Corp., were in debt to a private equity group for as much as $1.4 billion

Posted by J.M. Hamilton Blog at 4/19/2012 11:30 AM | Add Comment

“We are in a 10-year Japanese-style situation in Europe,” Mr. Halusa, the 57-year-old son of a former Austrian ambassador to the United States

Posted by J.M. Hamilton Blog at 4/19/2012 5:00 AM | Add Comment

"We decided to cancel the IPO after considering conditions for the stock market and the market for liquid crystal displays," a Tokyo-based spokesman for AvanStrate said on Tuesday.

Posted by J.M. Hamilton Blog at 4/17/2012 2:15 PM | Add Comment

Industry watchers say there's another key impetus to sell in 2012: Fears of major tax changes after the U.S. Presidential election.

Posted by J.M. Hamilton Blog at 4/16/2012 6:30 PM | Add Comment

KKR is leading bids in a $750 million auction of BHP’s Ekati diamond mine in Canada

Posted by J.M. Hamilton Blog at 4/16/2012 6:00 PM | Add Comment

Carlyle Group LP (CG), the Washington- based private-equity firm, is seeking to raise as much as $762.5 million in its initial public offering, according to a person with knowledge of the matter.

Posted by J.M. Hamilton Blog at 4/16/2012 9:30 AM | Add Comment

It’s been a tough campaign season for the private equity industry, with many in the industry feeling battered by association by attacks on Mitt Romney’s career at Bain Capital

Posted by J.M. Hamilton Blog at 4/12/2012 7:30 PM | Add Comment

Best Buy also presents some challenges for private equity.

Posted by J.M. Hamilton Blog at 4/11/2012 6:30 PM | Add Comment

As Predicted by JM Hamilton.... See our Editorial: Mr. Demagogue?

Posted by J.M. Hamilton Blog at 4/10/2012 5:30 PM | Add Comment

Fast-food chain Burger King Worldwide Holdings Inc. (BKC) said this week it would go public again after it was taken private in 2010 by investment firm 3G Capital Inc.

Posted by J.M. Hamilton Blog at 4/8/2012 5:30 AM | Add Comment

TPG and Hony have links through China's Lenovo Group Ltd., the world's No. 2 personal computer maker by shipments after Hewlett-Packard Co.

Posted by J.M. Hamilton Blog at 4/7/2012 3:30 PM | Add Comment

“Since they announced the I.P.O. in May of 2010, the operating performance has weakened,” said Charles O’Shea, an analyst at Moody’s.

Posted by J.M. Hamilton Blog at 4/7/2012 3:00 PM | Add Comment

There are 14,200 companies in the United States that are backed by private equity firms

Posted by J.M. Hamilton Blog at 4/5/2012 6:00 AM | Add Comment

As political attacks on Romney spill over into criticism of the private equity business, the industry has had to defend its image against stereotypes of asset strippers.

Posted by J.M. Hamilton Blog at 4/4/2012 7:30 PM | Add Comment

Robert Gay, co-founder of Huntsman Gay Global Capital LLC, is stepping down as chief executive officer at the private-equity firm for a full-time position with the Church of Jesus Christ of Latter-day Saints

Posted by J.M. Hamilton Blog at 4/3/2012 2:30 PM | Add Comment

HERE COMES THE PREDATORY PRICING OF RENTAL PROPERTY RENTS --- JMH

Posted by J.M. Hamilton Blog at 4/3/2012 8:00 AM | Add Comment

The lawsuit was brought over a collateralized debt obligation (CDO) named Davis Square Funding VI, which was managed and marketed by Goldman and TCW

Posted by J.M. Hamilton Blog at 4/2/2012 7:29 PM | Add Comment

Kohlberg Kravis Roberts agreed on Monday to buy natural gas shale properties from WPX Energy for $306 million

Posted by J.M. Hamilton Blog at 4/2/2012 5:30 PM | Add Comment

Goldman Sachs was mortified when I began inquiring last week about its stake in America’s leading Web site for prostitution ads. It began working frantically to unload its shares

Posted by J.M. Hamilton Blog at 4/2/2012 4:30 PM | Add Comment

"My focus is on working with all of our stakeholders to find solutions that will enable Hostess Brands to emerge from bankruptcy as a healthy and successful business."

Posted by J.M. Hamilton Blog at 4/2/2012 9:30 AM | Add Comment

The private equity firms the Blackstone Group and Bain Capital have owned Michaels since they took it private nearly six years ago in a landmark $6 billion deal. The company lost $29 million in 2007 and $7 million in 2008

Posted by J.M. Hamilton Blog at 3/30/2012 7:31 PM | Add Comment

Sears Chairman Edward S. Lampert signaled back in February that the company's preppy Lands' End division might be on the block.

Posted by J.M. Hamilton Blog at 3/30/2012 7:15 AM | Add Comment

PRIVATE EQUITY AND HOSPITALS.... HMMMM....KIND OF LIKE HAVING AIG SELL YOUR LIFE INSURANCE POLICY TO THE HIGHEST BIDDER... JMH

Posted by J.M. Hamilton Blog at 3/29/2012 8:15 PM | Add Comment

Various legal means are available to upper-income earners to reduce their tax bills. The Journal's analysis of Bain's co-investment plan provides only a limited window on Mr. Romney's finances.

Posted by J.M. Hamilton Blog at 3/29/2012 8:04 AM | Add Comment

Kohlberg Kravis Roberts said on Tuesday that it had hired John J. Mack, a former chairman and chief executive of Morgan Stanley, as one of its most prominent senior advisers yet.

Posted by J.M. Hamilton Blog at 3/27/2012 7:15 PM | Add Comment

Government, of course, can’t fully address some of the challenges, like globalization, but it can help.

Posted by J.M. Hamilton Blog at 3/26/2012 6:00 PM | Add Comment

"We cannot accept the aggressive and doubtful tax arrangements which we have seen, among others, by some risk capital companies operating in the welfare sector," Finance Minister Anders Borg said in a statement.

Posted by J.M. Hamilton Blog at 3/23/2012 7:30 PM | Add Comment

Delta and private-equity group TPG also are assessing potential bids for AMR, people familiar with the matter said in January.

Posted by J.M. Hamilton Blog at 3/23/2012 2:30 PM | Add Comment

Meanwhile, Mr. Romney's Bain Capital Sells Communist the technology to Opress China's Minorities and Political Dissidents...

Posted by J.M. Hamilton Blog at 3/23/2012 7:15 AM | Add Comment

“The reason we’re moving ahead with public financing is because, number one, we don’t currently have a state law that allows us to do public-private partnerships.”

Posted by J.M. Hamilton Blog at 3/22/2012 6:15 PM | Add Comment

FORTRESS PRIVATE EQUITY'S SPRINGLEAF HITS THE SKIDS????

Posted by J.M. Hamilton Blog at 3/21/2012 7:15 PM | Add Comment

PRIVATE EQUITY AND ROCKERS DON'T MIX...

Posted by J.M. Hamilton Blog at 3/20/2012 7:31 PM | Add Comment

“Mitt Romney has criticized President Obama on the campaign trail for putting economic interests ahead of human rights in China. But this new revelation about Romney’s financial interest in a Chinese surveillance company...."

Posted by J.M. Hamilton Blog at 3/18/2012 12:16 PM | Add Comment

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