Financial Time (Free subscription) | 10 hours ago
The deal under which Gilat Satellite Networks would have been acquired for $475m by a private equity consortium led by Gores Group fell apart with both sides accusing each other of a material breach of the agreement
Reuters UK (Free subscription) | yesterday
NEW YORK (Reuters) - With U.S. banks struggling to raise new capital and a cutback in lending threatening to deepen the economic downturn, chances are increasing that regulators will relax rules that have deterred private equity from investing in banks and thrifts.
Times Online (Free subscription) | yesterday
British private equity investors are turning their attention to Sierra Leone, the West African country that is trying to recover from its decade-long civil war.
The Economist (Free subscription) | 28/08/2008
Will private equity ride to banks’ rescue? IN MOST financial crises private equity is part of the problem. During a typical credit cycle it is among the first to use cheap financing to buy companies. Buy-out firms gradually become trigger-happy, overpaying and loading businesses with so much debt that some of them go bust. After the crash, the industry is in disgrace and skulks away to bind its wounds....
Business Wire (Free subscription) | yesterday
CHICAGO--(BUSINESS WIRE)--Kevin Cook, host of the weekly interview program StreetSmarts on www.ONN.tv, sat down with Steven
Business Wire (Free subscription) | yesterday
PETAH TIKVA, Israel--(BUSINESS WIRE)--Gilat Satellite Networks Ltd. (NASDAQ: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that it has
DealBook (Free subscription) | yesterday
Australia’s loss-making Centro Properties Group has held talks with private equity firms about a bailout, after being hit by falling property values and write-downs. “There have been private equity firms that have raised capital around the world - United States, Canada, Asia - and a number of those private equity firms were in negotiation with [...]
Seeking Alpha (Free subscription) | 28/08/2008
Research Recap submits: The Economist has an interesting analysis of the prospects of private equity riding to the rescue of beleaguered financial institutions. “Buy-out firms are unlikely saviours, but private equity’s $450 billion war chest is big enough to fill Western banks’ capital shortfall,” the magazine notes. “There are few other sources of ready capital. Sovereign-wealth funds have been...
Seeking Alpha (Free subscription) | 28/08/2008
David Enke submits: There is an interesting article in the Time Online (London). Apparently, Japan's powerful yakuza organized crime syndicates are moving away from old-fashion crimes of drugs and prostitution and are increasingly launching an assault on Japan's financial markets. Studies estimate that there are already hundreds of listed companies that may have some mob connections. Using "front...
China Business Blog (Free subscription) | 28/08/2008
The effect of the more than one year's subprime mortgage crisis, the turbulent global economic situation, the continuing rise in the costs of raw materials and labor and dismal Chinese capital market performance do not hinder investors' enthusiasm for China's VC/PE market. According to Zero2IPO Research Center statistics, 47 VC firms established 63 funds during the [...]
MediaBistro.com (Free subscription) | 4 hours ago
NBC News programs are beginning to incorporate meteorologists from The Weather Channel, which NBCU acquired in a multi-billion dollar deal with two private equity firms last month. Weather Channel meteorologist Jim Cantore has appeared on the Today show and Nightly News over the past two days discussing Hurricane Gustav. This raises the question about what NBC's plans are for NBC Weather Plus. The...
Financial Time (Free subscription) | 6 hours ago
SVG Capital, the biggest investor in Permira, has reported the first fall in its private equity portfolio for seven years, largely because of an 80 per cent writedown...
ComparisonEngines.com (Free subscription) | yesterday
Attempting to beef up its ecommerce offerings, Microsoft acquired Greenfield Online, owners of the shopping engine, Ciao. Back in June, Greenfield Online announced that it was being acquired by Quadrangle Group, a private equity firm, for $426mm. Microsoft made a better offer of $486mm and Greenfield therefore terminated its agreement with Quadrangle. According to the [...]
Law Blog - WSJ.com (Free subscription) | yesterday
Gilat Satellite said it terminated its $475 million buyout agreement, citing what it called the private-equity firms' "intentional breach" of the deal and failure to close prior to its extended deadline.
GigaOM (Free subscription) | yesterday
Greenfield Online, the parent company of Munich-based comparison shopping site Ciao, said this morning that Microsoft would spend $486 million to acquire it, derailing an earlier offer from a private equity firm to buy the company. The Ciao sites operate in France, Germany, Italy, the Netherlands, Spain, Sweden and the UK. For Microsoft, the hope is [...]
