February 25, 2000 |
Toys R Us Inc. said Japan's Softbank Corp. has agreed to invest about $57 million for an undisclosed stake in the toy chain's Internet business and pay an additional $10 million for warrants. The warrants would allow it to buy 1.2 million Toys R Us shares at $13 each. Three other investment firms, Blackstone Group, KKR & Co. and Evercore Partners, also agreed to invest undisclosed amounts. Shares of Paramus, N.J.-based Toys R Us closed unchanged at $11.50 in NYSE trading.
September 6, 2011
WASHINGTON — Carlyle Group is planning to raise $100 million through an initial public offering. The private equity firm is going public even as fears about the global economy have punished stock markets. Many companies canceled their IPOs in August. Private equity firms buy companies and later try to sell them for more money. They often borrow money to fund their purchases. The business slumped during the recession. Other large private equity companies have gone public recently.
November 23, 2011
Private equity firm KKR & Co. LP and three partners say they have agreed to buy the privately held oil and gas company Samson Investment Co. for $7.2 billion In the deal announced Wednesday, KKR and its partners will get access to oil and gas assets in booming shale regions in the U.S., including shale formations that contain large amounts of oil and other liquid hydrocarbons. Samson's wells in the deep water Gulf of Mexico and along the Gulf Coast are not included in the deal.
November 15, 2013 |
Google Inc. plans to invest $80 million in six utility-scale solar facilities in California and Arizona as the tech behemoth continues to put money toward alternative energy projects. The Mountain View, Calif., company will partner with solar developer Recurrent Energy and private equity firm KKR & Co. on the projects, which are estimated to generate enough combined electricity to power more than 17,000 homes, Google said in a blog post. "You'd think the thrill might wear off this whole renewable energy investing thing after a while," Google wrote on its official blog.
May 3, 2012 |
Private equity firm The Carlyle Group's debut on the stock market has so far not resulted in a pop in its share price. But Carlyle's stock hasn't fallen below its IPO price either, suggesting Wall Street agrees with its initial public offering of 30.5 million shares at $22 each. Carlyle is the latest buyout shop to go public in the last few years, following rivals Blackstone Group Inc., Oak Tree Capital Group, Fortress Investment Group and KKR & Co. In midday trading, Carlyle's stock was up 4 cents, or 0.18%, on the Nasdaq, where it has been trading under the symbol “CG.” Carlyle, which has offices in locations including Los Angeles and New York, has approximately $147 billion of assets under management.
November 3, 2012 |
Warren Buffett: party boy? It's no secret that the octogenarian Oracle of Omaha knows how to get down. He plays pingpong at shareholder meetings for his investment firm Berkshire Hathaway Inc. He plays the ukulele on television. He has sung songs while dressed as a paperboy, a rapper and rocker Axl Rose of Guns N' Roses. Now, the multibillionaire financier can have even more good times, with his purchase Friday of discount party goods retailer Oriental Trading Co. The mail-order merchant sells a cornucopia of more than 40,000 party supplies, crafts, school supplies, toys and novelties directly to consumers.