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BUSINESS
July 14, 2004 | Josh Friedman
San Francisco-based Hellman & Friedman said Tuesday that it raised enough capital to close the largest fund in its 20-year history, the $3.5-billion Hellman & Friedman Capital Partners V. "The commitment of $3.5 billion in capital from our partners reaffirms H&F's track record and history of disciplined investing in strong franchises with solid management and defensible market positions," said Chairman F. Warren Hellman.
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CALIFORNIA | LOCAL
December 20, 2011 | By Lee Romney, Los Angeles Times
Reporting from San Francisco -- Warren Hellman, a San Francisco financier, philanthropist and bluegrass enthusiast who lavished his city with a free concert that grew into one of the nation's largest music festivals, died Sunday of complications from leukemia, his family said. He was 77. Hellman, co-founder of the San Francisco private equity firm Hellman & Friedman, built his wealth through fierce professional drive, while nurturing his penchant for ultra-distance marathons, endurance horseback riding and ski racing.
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BUSINESS
October 3, 1991 | SUSAN MOFFAT and KATHY M. KRISTOF, TIMES STAFF WRITERS
A partnership headed by San Francisco investment banking firm Hellman & Friedman said Wednesday that it would make a bid to acquire Executive Life Insurance Co., the Los Angeles company seized by state regulators in April. Hellman & Friedman, whose partners include the Zell/Chilmark Fund and Fund American Cos., becomes the fourth group to bid or announce intentions to make an offer for the junk bond-laden life insurer. No details of the Hellman & Friedman proposal were released.
BUSINESS
October 23, 2007 | From the Associated Press
Goodman Global Inc., a manufacturer of heating, ventilation and air conditioning equipment, said Monday that it had agreed to be acquired by affiliates of private equity firm Hellman & Friedman in an all-cash deal valued at about $1.8 billion. Goodman stockholders will receive $25.60 in cash for each outstanding share upon close of the transaction, which is expected to take place in the first quarter of 2008. The offer is a 17% premium above Friday's closing price of $21.84.
BUSINESS
May 26, 1999 | Greg Johnson
Hellman & Friedman, a San Francisco-based investment firm, has agreed to sell 7.4 million shares of Young & Rubicam Inc. stock for $277 million in gross proceeds, the companies said Tuesday. The shares were offered for sale in conjunction with Monday's announcement of a secondary public stock offering by Y&R at $37.25 per share. All of the shares in the public offering are being sold by existing shareholders.
BUSINESS
October 23, 2007 | From the Associated Press
Goodman Global Inc., a manufacturer of heating, ventilation and air conditioning equipment, said Monday that it had agreed to be acquired by affiliates of private equity firm Hellman & Friedman in an all-cash deal valued at about $1.8 billion. Goodman stockholders will receive $25.60 in cash for each outstanding share upon close of the transaction, which is expected to take place in the first quarter of 2008. The offer is a 17% premium above Friday's closing price of $21.84.
BUSINESS
October 11, 1991 | KATHY M. KRISTOF, TIMES STAFF WRITER
Broad Inc., the parent of Sun Life Insurance Co., emerged Thursday as a possible bidder for failed Executive Life Insurance Co., as Hellman & Friedman of San Francisco disclosed details of an offer that would provide policyholders 83 cents on their investment dollar. The potential bid by Los Angeles-based Broad was disclosed just a day before the bid deadline for Executive Life. Only one formal offer has been made, but several more are expected to be filed today.
BUSINESS
October 14, 1991 | From Times Staff and Wire Reports
Limit on Press Ownership: The ruling Labor Party appears to be preparing to limit foreign ownership of voting shares in the country's newspapers and magazines. The party last Friday voted to place a ceiling of 20% on foreign ownership of print media properties. The ceiling mirrors a government decision last year to limit foreign ownership of radio and television stations to 20%.
NEWS
October 25, 1991 | SUSAN MOFFAT, TIMES STAFF WRITER
State Insurance Commissioner John Garamendi on Thursday announced his conditional choice of an insurance industry group to take over failed insurer Executive Life, a major step toward completing one of the largest-ever bailouts of a U.S. insurance company. The complicated billion-dollar bid by the National Organization of Life and Health Guarantee Assns.
BUSINESS
November 12, 1991 | KATHY M. KRISTOF, TIMES STAFF WRITER
The two favored bidders for Executive Life Insurance Co. substantially boosted their offers Monday for the failed company only moments before expiration of a final deadline set by Los Angeles Superior Court Judge Kurt Lewin. Based on sketchy details released by the bidders--a French consortium headed by Altus Finance and a partnership led by investment banker Hellman & Friedman--the offers appeared to have been boosted by 3% to 4%, promising policyholders up to 90% of their investment.
BUSINESS
July 14, 2004 | Josh Friedman
San Francisco-based Hellman & Friedman said Tuesday that it raised enough capital to close the largest fund in its 20-year history, the $3.5-billion Hellman & Friedman Capital Partners V. "The commitment of $3.5 billion in capital from our partners reaffirms H&F's track record and history of disciplined investing in strong franchises with solid management and defensible market positions," said Chairman F. Warren Hellman.
BUSINESS
May 26, 1999 | Greg Johnson
Hellman & Friedman, a San Francisco-based investment firm, has agreed to sell 7.4 million shares of Young & Rubicam Inc. stock for $277 million in gross proceeds, the companies said Tuesday. The shares were offered for sale in conjunction with Monday's announcement of a secondary public stock offering by Y&R at $37.25 per share. All of the shares in the public offering are being sold by existing shareholders.
NEWS
November 15, 1991 | KATHY M. KRISTOF, TIMES STAFF WRITER
Nearing the end of an auction process that began in August, Insurance Commissioner John Garamendi recommended Thursday that failed Executive Life Insurance Co. be sold to a French investor group for $3.55 billion. Garamendi said the offer from Altus Finance and Mutuelle Assurances Artisanale de France provided the most cash to policyholders and the most security by jettisoning the company's portfolio of high-risk junk bonds.
BUSINESS
November 12, 1991 | KATHY M. KRISTOF, TIMES STAFF WRITER
The two favored bidders for Executive Life Insurance Co. substantially boosted their offers Monday for the failed company only moments before expiration of a final deadline set by Los Angeles Superior Court Judge Kurt Lewin. Based on sketchy details released by the bidders--a French consortium headed by Altus Finance and a partnership led by investment banker Hellman & Friedman--the offers appeared to have been boosted by 3% to 4%, promising policyholders up to 90% of their investment.
NEWS
November 7, 1991 | KATHY M. KRISTOF, TIMES STAFF WRITER
Insurance Commissioner John Garamendi on Wednesday rejected the insurance industry's buyout plan for Executive Life Insurance Co., contending that the group's ability to pay policyholder claims was jeopardized by unresolved financial and legal questions.
BUSINESS
November 1, 1991 | SUSAN MOFFAT and KATHY M. KRISTOF, TIMES STAFF WRITERS
The jockeying for position by bidders for failed Executive Life Insurance Co. is continuing this week on hopes that the insurance industry proposal conditionally recommended by Insurance Commissioner John Garamendi last Thursday could still fall through. Among those still maneuvering is Los Angeles-based Broad Inc., which is trying to find a partner for its bid to take over Executive Life.
NEWS
November 7, 1991 | KATHY M. KRISTOF, TIMES STAFF WRITER
Insurance Commissioner John Garamendi on Wednesday rejected the insurance industry's buyout plan for Executive Life Insurance Co., contending that the group's ability to pay policyholder claims was jeopardized by unresolved financial and legal questions.
NEWS
October 13, 1991 | KATHY M. KRISTOF, TIMES STAFF WRITER
Policyholders of Executive Life Insurance Co. are now expected to recoup the bulk of their investments in the failed insurer because of unexpectedly strong bids to acquire the firm and news Saturday that the insurance industry has secured surprisingly strong financial support for its own offer, analysts said.
NEWS
October 25, 1991 | SUSAN MOFFAT, TIMES STAFF WRITER
State Insurance Commissioner John Garamendi on Thursday announced his conditional choice of an insurance industry group to take over failed insurer Executive Life, a major step toward completing one of the largest-ever bailouts of a U.S. insurance company. The complicated billion-dollar bid by the National Organization of Life and Health Guarantee Assns.
BUSINESS
October 19, 1991 | KATHY M. KRISTOF, TIMES STAFF WRITER
At least five sweetened offers were submitted on Friday's final bidding deadline for Executive Life Insurance Co. of California, raising the promised policyholder payouts to as much as 90 cents on the dollar. A group led by investment bankers Hellman & Friedman of San Francisco, Zell/Chilmark of Chicago and New York-based Fund American Cos.
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