BLOG.JMHAMILTONPUBLISHING.COM: Category Archive for Private Equity

Private Equity Under Fire: Pension Fund Pull Back?

Posted by J.M. Hamilton Blog at 2/10/2012 6:54 PM | Add Comment

For instance, HCA (HCA) this week engaged in financial engineering by issuing $750 million of junk bonds in order to help fund an $875 million special dividend to common holders.

Posted by J.M. Hamilton Blog at 2/9/2012 8:42 PM | Add Comment

Tony James, president of Blackstone Group LP, talks about criticism of private-equity firms and impact on the industry.

Posted by J.M. Hamilton Blog at 2/8/2012 7:49 PM | Add Comment

"Wary of HCA's sizable debt load."

Posted by J.M. Hamilton Blog at 2/6/2012 7:56 PM | Add Comment

Americans understand the role that failure has in success.

Posted by J.M. Hamilton Blog at 2/6/2012 8:32 AM | Add Comment

The clause may have run into legal trouble even if Carlyle had not changed its mind.

Posted by J.M. Hamilton Blog at 2/3/2012 7:24 PM | Add Comment

Private equity has been characterized by some of Mr. Romney’s opponents, Republicans and Democrats alike, as a job-killing financial practice

Posted by J.M. Hamilton Blog at 2/3/2012 7:09 PM | Add Comment

Some limited partners and prospective investors in Siris Capital Group LLC have expressed concern that the New York-based spinout’s ties with Cohen left it vulnerable to “headline risk,” or negative news

Posted by J.M. Hamilton Blog at 2/2/2012 6:52 PM | Add Comment

The S&P/Case-Shiller index of property values in 20 cities declined 3.7 percent from November 2010 after falling 3.4 percent in the year ended in October, according to data released today.

Posted by J.M. Hamilton Blog at 1/31/2012 6:48 PM | Add Comment

"Returns from private equity depend on the timing, the price and the manager, according to the firm. But the time to earn outsized returns from large-capitalization PE funds may have passed..."

Posted by J.M. Hamilton Blog at 1/31/2012 6:44 AM | Add Comment

“English criminal law limits what we can say about this incident.”

Posted by J.M. Hamilton Blog at 1/30/2012 6:42 PM | Add Comment

Owen Blicksilver, a representative of TPG, declined to comment.

Posted by J.M. Hamilton Blog at 1/30/2012 6:37 PM | Add Comment

Mr. Romney’s personal finances are particularly entwined with Goldman.

Posted by J.M. Hamilton Blog at 1/28/2012 7:00 AM | Add Comment

"It’s also quite conclusive in finding that private equity creates value in companies and delivers superior returns to its investors."

Posted by J.M. Hamilton Blog at 1/27/2012 6:44 PM | Add Comment

“What Mitt Romney and many private equity firms do … is not different from what Warren Buffett does,” said Daniel Pang, a first-year Wharton MBA student

Posted by J.M. Hamilton Blog at 1/26/2012 6:55 PM | Add Comment

Pension funds are experimenting with new ways to team up with private-equity firms

Posted by J.M. Hamilton Blog at 1/26/2012 6:51 PM | Add Comment

In recent weeks, Mr. Obama has had a useful surrogate in Newt Gingrich, the former House speaker, who has accused Mr. Romney of destroying jobs while at Bain and pressured him to release his tax returns.

Posted by J.M. Hamilton Blog at 1/25/2012 7:21 AM | Add Comment

Blackstone, the largest private-equity firm, has reduced its reliance on private equity by expanding its real-estate unit

Posted by J.M. Hamilton Blog at 1/24/2012 8:29 PM | Add Comment

Although this is less profitable as banks have to share fees, it protects private equity firms and banks from being unable to sell the loans in volatile markets, bankers said.

Posted by J.M. Hamilton Blog at 1/24/2012 8:08 PM | Add Comment

Mr. Romney's Tax Returns....

Posted by J.M. Hamilton Blog at 1/24/2012 7:45 PM | Add Comment

Questions about Mr. Romney’s wealth have dogged him for weeks as his rivals for the Republican nomination assailed his tenure at Bain Capital and pressed for details about his taxes.

Posted by J.M. Hamilton Blog at 1/24/2012 7:41 PM | Add Comment

Private equity firm TPG Capital is also willing to invest about $1 billion in Olympus in a joint deal with one of the corporate suitor

Posted by J.M. Hamilton Blog at 1/23/2012 2:14 PM | Add Comment

In most cases, the private- equity firms take 20 percent of the increase in equity value between when they bought the company and when it is sold. (In Bain’s case, it can be 30 percent...)

Posted by J.M. Hamilton Blog at 1/23/2012 6:34 AM | Add Comment

Among the Sun Capital investors that stand to benefit from all of this are the New York State Teachers’ Retirement System, the Indiana State Teachers’ Retirement Fund and the Ford Foundation.

Posted by J.M. Hamilton Blog at 1/22/2012 7:20 AM | Add Comment

“GE Capital is safe and secure and rebounding sharply.”

Posted by J.M. Hamilton Blog at 1/20/2012 8:39 PM | Add Comment

Since the private equity firms bought the Dallas-based company, now known as Energy Future Holdings Corp. (TXU), with $45 billion in debt financing, natural gas prices have tumbled 50 percent

Posted by J.M. Hamilton Blog at 1/20/2012 7:48 PM | Add Comment

"Carlyle has also taken a machete to the traditional legal rights of public shareholders."

Posted by J.M. Hamilton Blog at 1/19/2012 7:40 PM | Add Comment

Mr. Romney does not have to apologize for his wealth. But he cannot keep trying to conceal just how much the tax code has been tilted in his favor.

Posted by J.M. Hamilton Blog at 1/19/2012 6:57 AM | Add Comment

It’s almost as if Mr. Romney never worked in — what’s that other phrase for private equity? — oh yes, a leveraged buyout firm.

Posted by J.M. Hamilton Blog at 1/18/2012 7:19 PM | Add Comment

“But not particularly proud of people who go in, leverage the game, borrow the money, leave the debt behind and walk off with all the profits.”

Posted by J.M. Hamilton Blog at 1/18/2012 7:16 PM | Add Comment

J.M. Hamilton: Always Cutting Edge... Often Prescient!

Posted by J.M. Hamilton Blog at 1/17/2012 7:13 PM | Add Comment

The sale is part of a wider plan to raise capital and some of the investments are managed by third-party funds

Posted by J.M. Hamilton Blog at 1/17/2012 7:13 PM | Add Comment

“Not everybody is perfect; we’ve had our mistakes as well, but I don’t think there’s a predatory attitude in doing these deals,” Mr. Levy said.

Posted by J.M. Hamilton Blog at 1/17/2012 7:12 PM | Add Comment

“They are not pillagers,” Steven N. Kaplan, a professor of finance at the University of Chicago, said of Bain. “They were operational engineers.”

Posted by J.M. Hamilton Blog at 1/14/2012 6:44 AM | Add Comment

"The firm also approaches the market opportunistically."

Posted by J.M. Hamilton Blog at 1/13/2012 7:01 PM | Add Comment

This year, the industry is defending itself from attacks by rivals of Republican presidential candidate Mitt Romney

Posted by J.M. Hamilton Blog at 1/13/2012 6:59 PM | Add Comment

TPG is one of the world's largest private equity firms

Posted by J.M. Hamilton Blog at 1/13/2012 6:57 PM | Add Comment

Warren Buffett Slams Private Equity!

Posted by J.M. Hamilton Blog at 1/13/2012 7:08 AM | Add Comment

Delta Air Lines and TPG Capital, the private equity firm, are considering separate bids for AMR Corporation,

Posted by J.M. Hamilton Blog at 1/13/2012 6:46 AM | Add Comment

Steven Rattner - Democrat - Defends Mitt and Private Equity!

Posted by J.M. Hamilton Blog at 1/12/2012 11:57 PM | Add Comment

Already, the favorable treatment for private-equity earnings -- the so-called carried-interest tax -- has become a hot issue in Washington.

Posted by J.M. Hamilton Blog at 1/12/2012 11:51 PM | Add Comment

"Private equity can be exploitative; it can also promote growth, employment and profits by avoiding the impediments imposed on public companies"

Posted by J.M. Hamilton Blog at 1/12/2012 11:43 PM | Add Comment

“How come the big boys made a lot of money and they went broke?” he asked. “That’s not an attack on capitalism.”

Posted by J.M. Hamilton Blog at 1/12/2012 11:35 PM | Add Comment

Paid for by Winning our Future… Authorized by the Roberts Court’s Citizens United Decision

Posted by J.M. Hamilton Blog at 1/12/2012 6:53 AM | Add Comment

"The titans of private equity have long feared this moment."

Posted by J.M. Hamilton Blog at 1/11/2012 5:14 AM | Add Comment

“This will be a major liability that Mitt Romney brings into the race,” he said.

Posted by J.M. Hamilton Blog at 1/11/2012 5:00 AM | Add Comment

The film also depicts Romney as “rich beyond imagination” and out of touch with most Americans as a result of his wealth.

Posted by J.M. Hamilton Blog at 1/10/2012 9:08 PM | Add Comment

Mr. Perry said. “They’re vultures that are sitting out there on the tree limb waiting for the company to get sick, and then they swoop in, they eat the carcass, they leave with that, and they leave the skeleton.”

Posted by J.M. Hamilton Blog at 1/10/2012 8:44 PM | Add Comment

“Tonight is going to tell it all,” Mr. Huntsman said on CNN

Posted by J.M. Hamilton Blog at 1/10/2012 8:43 PM | Add Comment

“I have no doubt Mitt Romney was worried about pink slips — whether he was going to have enough of them to hand out because his company, Bain Capital, of all the jobs that they killed,” Mr. Perry

Posted by J.M. Hamilton Blog at 1/10/2012 7:10 AM | Add Comment

In addition to Mr. Gingrich, Henry A. Kissinger and Robert J. Dole also served on the firm’s advisory board.

Posted by J.M. Hamilton Blog at 1/9/2012 6:25 PM | Add Comment

The company called the (Wall Street) Journal's analysis "inaccurate and misleading" and said it unfairly put the onus on Bain for events at companies after it no longer owned them.

Posted by J.M. Hamilton Blog at 1/9/2012 5:32 PM | Add Comment

The Bain Bailout

Posted by J.M. Hamilton Blog at 1/9/2012 5:31 PM | Add Comment

Republicans Attack Private Equity!

Posted by J.M. Hamilton Blog at 1/9/2012 10:07 AM | Add Comment

Mr. Gingrich: “If this is free enterprise, then conservatives should have nothing to do with it,” he said. “It is predatory paper-shuffling. Mitt Romney was engaged in the engineered destruction of free enterprise.”

Posted by J.M. Hamilton Blog at 1/9/2012 8:39 AM | Add Comment

"Mr. Gingrich also attacked Mr. Romney’s tenure at the private equity firm Bain Capital, accusing him of pillaging companies and cutting jobs to enrich himself and his colleagues."

Posted by J.M. Hamilton Blog at 1/9/2012 8:36 AM | Add Comment

Bain was an investor in the 1990s, primarily from hiring abroad. But during that period, Dade’s United States employment fell by more than 1,700 jobs, as Bain Capital oversaw corporate mergers and plant closings.

Posted by J.M. Hamilton Blog at 1/8/2012 9:06 AM | Add Comment

"Mr. Romney and those like him didn’t destroy jobs, but they did enrich themselves while helping to destroy the American middle class."

Posted by J.M. Hamilton Blog at 1/6/2012 6:52 AM | Add Comment

“They’re not Gordon Gekko,” he said of the firm. “It’s almost like they got together and said, ‘There’s a different way to do this.’ ”

Posted by J.M. Hamilton Blog at 1/6/2012 6:32 AM | Add Comment

“The market got ahead of itself,” said Jeffrey H. Bunzel, "Earlier in the year, there were unrealistic expectations. Since then the macro environment has definitely come down.”

Posted by J.M. Hamilton Blog at 1/5/2012 7:01 PM | Add Comment

“Ron Paul’s not going to be our nominee,” Romney said.

Posted by J.M. Hamilton Blog at 12/30/2011 7:06 PM | Add Comment

“There’s a lot of walking dead.” “There’s a lot of walking dead,”

Posted by J.M. Hamilton Blog at 12/27/2011 6:15 PM | Add Comment

“Venture capital is absolutely foaming at the mouth over big data.”

Posted by J.M. Hamilton Blog at 12/26/2011 9:12 AM | Add Comment

"My response is, there are no good or bad bonds, just good or bad prices," Kuhn says.

Posted by J.M. Hamilton Blog at 12/25/2011 2:06 PM | Add Comment

Mr. Mudd: “The S.E.C. is wrong, and I look forward to a court where fairness and reason — not politics — is the standard for justice.”

Posted by J.M. Hamilton Blog at 12/19/2011 7:10 PM | Add Comment

Although he would no longer be a partner, he would continue to be paid a part of the firm’s profits in buyout deals and other businesses, much as active partners were.

Posted by J.M. Hamilton Blog at 12/19/2011 6:53 AM | Add Comment

At this time we're still not sure if Bohart will take the reigns.

Posted by J.M. Hamilton Blog at 12/16/2011 7:19 PM | Add Comment

Fortress hired Mr. Mudd in July 2009, nearly a year after the government forced him out as Fannie’s C.E.O.

Posted by J.M. Hamilton Blog at 12/16/2011 7:15 PM | Add Comment

From 2006 to 2008, Washington-based Fannie Mae executives said the firm’s exposure to subprime mortgage and reduced- documentation loans was about $4.8 billion when it was almost 10 times greater

Posted by J.M. Hamilton Blog at 12/16/2011 7:13 PM | Add Comment

RACE TO THE EXIT

Posted by J.M. Hamilton Blog at 12/16/2011 7:08 PM | Add Comment

The video stars David M. Rubenstein, William E. Conway Jr. and Daniel A. D’Aniello

Posted by J.M. Hamilton Blog at 12/16/2011 6:59 PM | Add Comment

Mr. Lyon has worked at Goldman since 1990

Posted by J.M. Hamilton Blog at 12/16/2011 7:25 AM | Add Comment

INDEED: “You wouldn’t hire these guys if you weren’t trying to reduce your losses.”

Posted by J.M. Hamilton Blog at 12/15/2011 8:15 PM | Add Comment

Private-equity firms are betting they can revive moribund WebMD.

Posted by J.M. Hamilton Blog at 12/15/2011 8:09 PM | Add Comment

“They’re going to describe us all as asset strippers; we’re flippers of assets, we just put on a lot of debt, fire a lot of people and that’s how we make money.”

Posted by J.M. Hamilton Blog at 12/13/2011 7:21 AM | Add Comment

TPG and the administrator for Takefuji both declined to comment.

Posted by J.M. Hamilton Blog at 12/12/2011 7:30 PM | Add Comment

Private Equity and Employment.... Mr. Romney's Stomping Grounds!

Posted by J.M. Hamilton Blog at 12/9/2011 6:53 PM | Add Comment

"We shouldn’t let myths about “job creators” get in the way."

Posted by J.M. Hamilton Blog at 12/9/2011 7:05 AM | Add Comment

A spokesman for MKP declined to comment on the returns.

Posted by J.M. Hamilton Blog at 12/6/2011 7:16 PM | Add Comment

Democrats are going to have a field day explaining to the Public what a JOB KILLER Private Equity Is. Democrats should pray for a Romney Nomination! - J.M.H.

Posted by J.M. Hamilton Blog at 12/2/2011 7:46 AM | Add Comment

Romney and Schwarzman both made their fortunes in private equity

Posted by J.M. Hamilton Blog at 12/1/2011 7:42 PM | Add Comment

TPG has held discussions with Greylock Partners, another venture capital firm, about a possible alignment, two people said.

Posted by J.M. Hamilton Blog at 12/1/2011 7:07 AM | Add Comment

Blessing or Curse? Private Equity Endorses Mr. Romney!

Posted by J.M. Hamilton Blog at 11/30/2011 8:20 PM | Add Comment

One of Obama’s biggest Wall Street fundraisers in 2008, David Heller, the co-head of securities sales and trading at Goldman Sachs Group Inc., isn’t raising money for the president this cycle

Posted by J.M. Hamilton Blog at 11/29/2011 8:17 PM | Add Comment

TPG Capital, another private equity firm, is also expected to submit a proposal (for Yahoo).

Posted by J.M. Hamilton Blog at 11/29/2011 7:14 AM | Add Comment

Banks are offering several institutional investors deeper discounts to get rid of lingering exposure at a loss. KKR announced in May it was buying Versatel's...

Posted by J.M. Hamilton Blog at 11/28/2011 8:06 PM | Add Comment

Which of the following individuals is an oil-and-gas magnate who has made billions of dollars through a deal with Kohlberg Kravis Roberts in the last three years?

Posted by J.M. Hamilton Blog at 11/28/2011 8:04 PM | Add Comment

What is Freedom Group’s long-term strategy? Because the company is private, outsiders can only speculate.

Posted by J.M. Hamilton Blog at 11/27/2011 9:01 AM | Add Comment

"Romney has managed private (equity) companies."

Posted by J.M. Hamilton Blog at 11/26/2011 10:14 AM | Add Comment

Caesars' $31 billion leveraged buyout by Apollo Global Management and TPG Capital in 2008 is still haunting the company

Posted by J.M. Hamilton Blog at 11/17/2011 10:43 PM | Add Comment

“We can categorically say Sino-Forest is not the ‘near total fraud’ and ‘Ponzi scheme’ as alleged by Muddy Waters.”

Posted by J.M. Hamilton Blog at 11/15/2011 7:03 PM | Add Comment

“There is virtually no growth in Europe and given the performance of the stock markets - investors just don’t want to put pen to paper and write a cheque for Europe. Something has to give.”

Posted by J.M. Hamilton Blog at 11/15/2011 6:54 PM | Add Comment

"Mr. Romney has acknowledged having second thoughts about some of the deals he drove, saying his post-Bain career in government had sensitized him to the consequences of his decisions as a businessman."

Posted by J.M. Hamilton Blog at 11/13/2011 6:51 AM | Add Comment

Mr. Wiesenthal said. “We found long-term investors, who are not just looking at the short-term returns typical of private equity.”

Posted by J.M. Hamilton Blog at 11/12/2011 8:26 AM | Add Comment

KKR, which has already gathered $4 billion for the fund, is aiming for a final target of about $10 billion

Posted by J.M. Hamilton Blog at 11/4/2011 4:51 PM | Add Comment

Mr. Yang, the former chief executive of Yahoo who famously rebuffed a $44.6 billion bid from Microsoft in 2008, is not exclusively speaking to TPG.

Posted by J.M. Hamilton Blog at 11/4/2011 7:36 AM | Add Comment

The firm experienced redemptions of $600 million in its liquid hedge funds strategy, double the requests in the period a year earlier.

Posted by J.M. Hamilton Blog at 11/3/2011 7:52 PM | Add Comment

People close to several bidders believe the bank is prepared to keep EMI if it unhappy with the offers

Posted by J.M. Hamilton Blog at 10/31/2011 5:56 PM | Add Comment

In backing out of the deal, Cerberus and Chatham said downgrades in the lodging sector, weakening hotel asset sales, and major drops in the shares of competing hotel operators contributed to the decision.

Posted by J.M. Hamilton Blog at 10/28/2011 6:16 PM | Add Comment

Banks' new appetite for deal financing isn't without risks.

Posted by J.M. Hamilton Blog at 10/24/2011 6:07 PM | Add Comment

Main Navigation

Quick Search

Calendar

Syndicate

Monthly Archives

Category Archives

Tag Cloud

Recent Posts

Twitter Link

JMHAMILTONPUBLISHINGBLOG