Hints and tips:
...Evercore v Lazard: the boutique turf war Boutique investment bank results are streaming in, and with two of the biggest advisory shops posting their annual figures, we thought it might be a good time to...
...Annualised returns ranged from 200 per cent at Herbalife, the nutritional supplement seller, to minus 81 per cent at Dynegy, the Texas power company that failed to find a buyer and collapsed into bankruptcy...
...However, TPG V – which began investing in 2006 and is one of TPG’s largest funds with $15bn in commitments – has suffered from very poor performance....
...Today, the group’s flagship TPG V fund is still valued at less than 100 cents on the dollar, as several investments of more than $1bn in equity such as Washington Mutual and Aleris have already gone bust...
...For example, it combined with KKR and Goldman Sachs to buy TXU with only a sliver of equity in a deal that put an enterprise value of $48bn on the Texas utility....
...For example, its $17.4bn TPG V fund was valued at less than 100 cents on the dollar at the end of 2010....
...In particular India’s fast-growing market has attracted several buy-out groups sitting on large piles of cash, said V....
...Mr Hicks bought the team in 1998 for $250m and is due to sell the club to Texas Rangers Baseball Partners for $575m.Related link: Hicks’ run at Texas Rangers at an end June 2010 Mr Hicks and Mr Gillett...
...The EN-V is essentially a glorified version of the two-wheelers popular around Asia, with a passenger cabin added to allow for climate control, welcome in the continent’s often-muggy climes....
...He said credit markets had come back sharply in a V-shaped recovery....
...“People are conditioned to expected V-shaped declines and recoveries,” Howard Marks of Oaktree Capital Management told investors in August. “But it doesn’t have to be that way....
...Huntsman is still seeking damages of more than $3bn in Texas against Apollo and its partners....
...In February, JPMorgan and others agreed to finance the $45bn buy-out of TXU – the largest ever announced – for Kohlberg Kravis Roberts and Texas Pacific Group, and bigger deals seemed inevitable....
...At the end of last year, he refused to open the company’s books to Texas Pacific, the US buyout group, and its partner, First Reserve, forcing them to abandon a £1.5bn bid for the company....
...is understood to have opened an investigation into a string of trades in the days leading up to an announcement by Amec on Monday Nov 13, confirming it had received an approach from private equity firms Texas...
...Texas Pacific Group and First Reserve Corporation made the 450p a share approach last month but were rebuffed by the Amec board who said the offer “significantly” undervalued the company....
...Amec last month rejected an indicative offer of 450p a share from a private equity consortium led by Texas Pacific Group, which is thought to have valued the company at more than £1.5bn....
...The stock is now at 438p, only a little way short of the 450p indicative offer from First Reserve and Texas Pacific that Amec rejected last month....
...Texas Pacific Group and First Reserve are understood to have offered about 450p a share for the company, which knocked back an approach from Downer EDI, the Australian mining company, in the summer....
...Texas Pacific Group raised close to $15bn, while Permira of the UK will soon reach an €11bn target....
...Texas Pacific Group raised close to $15bn recently, while Permira of the UK will soon reach an €11bn target....
...It may also look at launching on the LSE a second oil-tracking fund, to follow the US benchmark price, West Texas Intermediate. It keeps him busy Reuters boss endorses Bloomberg, shock!...
...Last month the company started talks with a US private equity consortium including Blackstone Group and Texas Pacific about a possible 800p a share, £1.5bn bid....
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