March 7, 2006 |
Private equity firms headed into the educational services sector Monday, announcing deals to buy Education Management Corp. and a stake in privately held Learning Annex. The $3.4-billion agreement by Providence Equity Partners and the investment arm of Goldman Sachs Group Inc. to buy Education Management is the largest deal on record in the for-profit education sector, according to market data firm Dealogic.
November 20, 1996
The $103-billion California Public Employees' Retirement System is revamping its procedures for investing in private equity markets. The nation's largest public pension fund said that it will combine three existing private-equity-market investment programs into a new one that will allow it to more quickly react to market trends. "Essentially, what we are doing is streamlining the portfolio to make it easier for us to work in the private equity market," spokesman Brad Pacheco said.
May 20, 2007 |
IN America, financial success is supposed to be admired, not held in contempt. Unless, of course, you make your money in a way that is distasteful or downright illegal. Private equity investment firms, which are buying up companies worldwide at a heady pace, haven't been charged with breaking any laws.
November 20, 2002 |
Halex Corp. is a world leader in manufacturing the lengths of nail-studded plywood that hold wall-to-wall carpeting to the floor. What is helping to hold Halex itself together, meanwhile, is private equity capital. The Pomona company recently received $33 million in such financing from investment firms in Bethesda, Md., and Chicago in a deal brokered by Barrington Associates of Los Angeles. The money will enable Halex's entrepreneurial owners to expand their line with other products.
December 19, 2006 |
A group of private equity investors has offered to pay as much as $3.4 billion to buy shares of Delphi Corp. and could wind up owning as much as 72% of the auto parts maker in a deal that creates a framework for its emergence from bankruptcy protection, Delphi said Monday. The company -- which makes entertainment systems, chassis, electronics, air conditioning and other components of vehicles -- also said that its board had named President Rodney O'Neal to replace Chairman Robert S.
June 1, 2007 |
Lehman Bros. Holdings Inc. plans a $500-million initial public offering of a private-equity fund next month, even after similar pools struggled to return investors' money. The fund, which New York-based Lehman plans to begin marketing June 6, will invest with outside private-equity managers, said two people with direct knowledge of the plans. Shares of Lehman Brothers Private Equity Partners will be listed on Euronext Amsterdam, said the people, who declined to be identified.
December 24, 2007 |
News Corp. said it would sell eight of its owned-and-operated Fox network affiliated television stations to private equity investment firm Oak Hill Capital Partners for about $1.1 billion in cash. Oak Hill is the controlling shareholder of Local TV, which was run by Randy Michaels until his agreement last week to become a top executive at Tribune Co. Michaels now runs Tribune's broadcast and interactive group as part of the Sam Zell-led $8.2-billion buyout.
May 16, 2006 |
When Selwyn Yosslowitz and his two partners started Marmalade Cafe & Catering Co. in 1989, they financed their company the same way as most new-business owners: They mortgaged their homes and ran up their credit cards. But after using bank loans and company earnings to bankroll six more sites over the next 15 years, they realized they could expand much faster by taking a different tack. In February, the three partners sold a large stake in their Santa Monica-based chain to a private equity firm.
October 10, 2007 |
washington -- A populist push to hike taxes on private equity firm partners is apparently petering out in the Senate, following a fierce lobbying effort by those who faced whopping tax increases under the legislation. Influential House members remain interested in the measure. But Senate Majority Leader Harry M. Reid (D-Nev.) has quietly signaled to the investment firms that he does not plan to schedule the tax hike for consideration before members adjourn for the year, possibly next month.
August 25, 2008 |
The economy is soft and the credit markets are tight, but that hasn't stopped Triton Pacific Capital Partners from making deals. The Century City-based private equity firm is completing the purchase of two companies and is on the prowl for other acquisitions. "We're able to go and continue to find very attractive investment opportunities even in a constrained financing environment," said Craig Faggen, Triton's managing partner. At a time when the biggest players in the private equity industry are suffering through a bruising downturn, smaller firms such as Triton Pacific that invest in mid-size -- or "middle market" -- companies have emerged as a rare bright spot.