Happy Weekend!
Keep On Rockin’ Through The Layoffs: A cover band comprised of several laid off Credit Suisse bankers is “kept together by the music.” Aged Inventory, the band’s name, refers to a bond that sits in a trading book for more than 60 days. (Bloomberg)
Private Equity Should Stay Away From Showbiz: Providence Equity Partners’ MGM stake and Goldman Sachs’ investment in the Weinstein Co. are reminders that betting on movies is a treacherous business. (BW)
BDC Mess: American Capital’s shares surged yesterday, and LBOWire isn’t sure why. I suspect it had something to do with a rumour floating around about a “secret” meeting between the company and its lenders. There was little further info on the situation, but people will trade on anything. (LBOWire)
Walking The Walk: Despite years of touting “operational expertise,” it appears that buyout firms are finally walking that walk. (CNBC)
From Phys. Ed. to PE: An interview with Adam Dudley of Grace Capital, which is seeking another partner. (Venture Hype)
Why The OTS elimination shouldn’t cause many tears: Fortune Swallows the Banks’ Baloney (Columbia Journalism Review)
Opinions: Epicurean Dealmaker considered the new financial regulations, “pathetically watered down trash.” (ED)
Catching You Up: Here’s a breakdown of the proxy war going on between Children’s Place and its former CEO. (Deal Journal)
Someone’s Getting Fired: A hardcore pornographic movie was accidentally screened at PS 17 in Brooklyn, N.Y., school officials said. (RedOrbit)
Op-Eds: George Soros’ three steps to financial reform. (FT)
Missing the Boat: KKR is reconsidering its IPO, but Blackstone’s stock has jumped from $4 per share to $14 in the last few months. (Dealzone)
P’s, Q’s: Taxi-sharing etiquette. (NY Times)