A little over a month ago, a Texas power utility at the centre of the biggest leveraged buyout in history filed for bankruptcy, sunk by billions of dollars of debt that it took on after being acquired by a trio of top private equity names in 2007.
Tags: Private Equity
Struggling Spirit Airlines Eyes Private Equity Takeover to Prevent Bankruptcy
Spirit Airlines explores a private equity takeover as it struggles to avoid another bankruptcy amid ongoing financial challenges.
Donald Trump Pushes to Redefine Retirement Investing With Crypto, Private Equity Access
Trump signs executive order to open 401(k) retirement plans to crypto and private equity investments.
Goldman Sachs Buys Taylor Swift’s Stage Builder TAIT
Goldman Sachs’s private equity business has bought the majority stake of TAIT, the engineering company that designed the stage for Taylor Swift’s Eras Tour, for an undisclosed amount.
ICICI Bank's home finance sale on backburner
ICICI Bank, India's largest private sector lender, has deferred its sale plan on home finance division. ICICI Bank has put its home finance division's valuation at INR 2,400 crore, while potential private equity (PE) buyers have asked for a 20 percent discount on valuation.
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AUSTIN, TX--(Marketwired - Apr 8, 2014) - Mercom Capital Group, llc, a clean energy communications and research firm, released its funding and mergers and acquisitions (M&A) report for the solar sector in Q1 2014.
Databank Financial Services has launched a private equity fund to cater to small and medium industries in Africa's agricultural sector.
Global private equity firm The Riverside Company provided an undisclosed investment amount to the Harvey Tool Company, a specialized cutting tools provider based in Rowley, Massachusetts.
The One World Doll Project, a subsidiary of One World Holdings Inc, secured a capital infusion of $500,000 from a New Mexico-based private equity investor, a statement about the funding said.
Italian website design service startup Flazio, backed by Zernike Meta Venture, allows users to create a website by using the content of their Facebook page, TechCrunch reported.
Cambian Group intends to hold its initial public offering in London to raise £20 million or $33.2 million, Reuters reported. The healthcare firm is owned by private equity firm GI Capital.
Private equity firm Carlyle Group and other investors will be purchasing a majority stake in Traxys Group, a physical metals and minerals commodity, logistics and trading company, Reuters reported.
Blackstone Group Chief Executive Officer Stephen Schwarzman earned $374.5 million last year, representing an increase of 75% as the private equity firm's distributable earnings also went up 66% in 2013, Reuters reported.
Tom Stoddard, a Senior Managing Director at private equity firm Blackstone Group, will be serving as the Chief Financial Officer of Britain-based insurer Aviva Plc, Reuters reported.
