Gun To The Head
General Growth Properties, the big real estate investment trust that filed for bankruptcy today, expanded through acquisitions and a few years back bought The Rouse Co., which developed places like...
View ArticleAn Offer They Couldn’t Refuse
This one doesn’t seem to take an advanced degree in finance to get the right answer: You need to borrow some money. You have two options. One is to pay 4.17%. The other is to pay 10% and with it you...
View ArticleTPG Makes A Housing Play
The housing crisis hasn’t been good to companies that build them or make products that go into them. Like Armstrong World, which produces flooring, ceiling materials and cabinets. In the most recent...
View ArticleMGM’s Future Somewhere Over The Rainbow
If only the folks at Metro-Goldwyn-Mayer studios had a wizard to visit, who, at the click-of-the-heels three times, could make all of their financial dreams come true. And their nightmares go away....
View ArticleKKR Becomes Lender Of (Almost) Last Resort
Once upon a time when people talked about Kohlberg Kravis Roberts, you thought of takeovers – some hostile and some friendly. The business has certainly changed and even more so by the credit crisis...
View ArticleBlackstone Looking To List Some Of Its Companies
You could be cynical and just suggest that Blackstone Group is talking its book. But it does have the look and feel of something much bigger than that. The Financial Times reported today that the huge...
View ArticleRailAmerica IPO Shows PE Can Still Book Profits
It’s not the kind of jaw-dropping returns we saw in the go-go years of private equity. And we don’t want to see those kinds of obscene returns anytime soon because of the statement that makes about...
View ArticleCalpers And ‘Pay To Play’
So much dirty laundry has come out during the past year’s financial mayhem it’s a wonder I still have the capacity to be shocked. This piece of news shocks me: “Calpers, the nation’s largest public...
View ArticleA Stroll Down Route 66…
A good old-fashioned, flip-around-the LBO via IPO could be coming our way soon. And it will be another test of how resilient the markets are today. LRI Holdings plans to sel up to $200 million of...
View ArticleTo Make Private Equity Work, You Need Ones With Right Stuff
As an asset class, private equity is a losing proposition. That bald assertion comes not from an outside critic, but from an insider, Erik R. Hirsch, the chief investment officerof Hamilton Lane, a...
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