(Reuters) – Denmark’s Danske Bank and Sweden’s SEB have joined a team of banks to launch a share offering in Danish telecom TDC for its private equity owners, sources told Reuters. The private equity firms, which hold nearly 88 percent of TDC’s stock, have appointed a consortium of a total of nine banks to sell […]
David Bonderman, co-founder of giant private equity firm TPG [TPG.UL], said on Thursday that regulators are accelerating bank failures by limiting private equity firms' ability to buy into and reorganize struggling banks.
(Reuters) - Fortress Investment Group LLC (FIG.N), one of the world's largest publicly traded alternative asset managers, said its assets under management shrank by almost 1 percent during the fourth quarter as client redemptions totaled over $1 billion.
(Reuters) – Mexico’s pension funds will take a $200 million stake in a fund that invests in private equity in the coming days, those involved in the deal said, as the risk-shy funds search for bigger returns. Roughly half of the country’s private pension funds, known as Afores, will be involved in the transaction that […]
Private equity giant Kohlberg Kravis Roberts & Co (KKR.AS) said on Thursday it could not predict the timing of its long-sought New York Stock Exchange listing, but it would move as promptly as practical.
Many a finance professional works his way up the investment banking ladder in hopes of one day transitioning into a career in private equity. Larry DeAngelo has done exactly the opposite of that, leaving his post as a Partner at Roark Capital to head up the financial services M&A group at Suntrust Robinson Humphrey. DeAngelo's exit from the Atlanta-based buyout firm was reported here in mid-January. He left the firm based on Roark Capital's decision to move away from financial services investing, which he specializes in. DeAngelo had joined the Atlanta-based firm in 2005 to lead its financial services investments.
Salo Aizenberg has joined Hauppauge, N.Y.-based lender Westbury Partners as Managing Director. He was previously a Managing Director at Global Leverage Capital. Westbury's current fund will be focused on mezzanine investments.
Blackstone Group President Tony James channeled a little Blondie in this morning’s media call in Blackstone’s Q4 earnings report. The PE mogul’s positive outlook was underscored by caution on things like fundraising and exits, saying, “One way or another,” Blackstone will find what it’s aiming for. (No mention of “getcha getcha getcha,” unfortunately.) Looking at […]
Paul Ahlstrom has left vSpring Capital, a Salt Lake City-based venture capital firm he co-founded, according to VentureWire. He plans to launch a new firm n Mexico. vSpring will not add a new managing director to replace him on its $162 million third fund.
BOSTON (Reuters) – Fortress Investment Group LLC (FIG.N), one of the world’s largest publicly traded hedge fund and private equity fund firms, reported a smaller quarterly net loss and said assets climbed as it took in new money from investors. Fortress, which went public three years ago, said its net loss attributable to Class A […]