private equity firms

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Major Errors Climbed After Equity Firms Bought Hospitals

Research is the first to document decline in care after a sale to investors

(Newser) - Private equity firms own only a small percentage of US hospitals, but they've been working to increase their share for two decades. They've pooled money from institutional investors and individuals to build investment funds that buy up hospitals and related health care entities, often intending to sell them...

Sinema Received $1M Haul, Then Killed Tax Hike on Rich Investors

AP: Ariz. Dem saw big influx of cash over last year from private equity firms, hedge fund managers

(Newser) - Sen. Kyrsten Sinema, the Arizona Democrat who single-handedly thwarted her party's longtime goal of raising taxes on wealthy investors, received nearly $1 million over the past year from private equity professionals, hedge fund managers, and venture capitalists whose taxes would've increased under the plan, per an AP review...

Private-Equity Firm Bans the D-Word
Private-Equity Firm
Bans the D-Word
Oct 22, 2021 4:30 PM CDT

Private-Equity Firm Bans the D-Word

Saying 'deal' at Partners Group could get you fined $1K

(Newser) - As a private equity firm, making deals is what Partners Group Holdings does—but CEO David Layton has banned the D-word and set up the equivalent of a swear jar. Partners who write or say the word "deal" have to make a $1,000 donation to charity, while the...

Reese Witherspoon Selling Media Empire for Nearly $1B

Her company, Hello Sunshine, focused on promoting women's experiences

(Newser) - Reese Witherspoon, in a move as savvy and startling as Elle Woods getting into Harvard in Legally Blonde, is selling a media empire worth nearly a billion dollars. Like Elle, Witherspoon decided to be the change she wanted to see in the world, and started a production and content company—...

Apollo CEO Retiring Over $158M in Epstein Payments

Leon Black viewed late sex offender as 'confirmed bachelor with eclectic tastes,' review found

(Newser) - Over a five-year period that ended in 2017, Apollo Global Management CEO and co-founder Leon Black forked over $158 million to Jeffrey Epstein, long after Epstein had pleaded guilty in 2008 to a prostitution charge in Florida that involved a teen girl. That revelation came out recently as part of...

Secret Ingredient That Saved Twinkies Is a Financial One

Private equity creates some of the biggest fortunes of our day

(Newser) - In 2012, the iconic Twinkie nearly went away for good. But in 2013, the snack made its triumphant return . The story of how that came to be illustrates a powerful, if poorly understood, force in the US economy—one that has created "some of the greatest fortunes of the...

Romney's Campaign a Lie of 'Historic Dimensions'

Mitt Romney rails against debt, but he got rich by creating it, Matt Taibbi argues

(Newser) - Mitt Romney's entire campaign is built around debt—he once described the nation's debt as a "prairie fire" getting "closer to the homes and children we love." Which makes the whole affair "a shimmering pearl of perfect political hypocrisy," writes Matt Taibbi for...

Private Equity Can Ruin Firms —and Still Profit

Tax loopholes, money tricks benefit bosses like Mitt Romney: James Surowiecki

(Newser) - Mitt Romney's opponents have slapped Bain Capital over layoffs, but private equity actually has little overall effect on job numbers. Instead, the crimes of such companies are centered on the way they make money, writes James Surowiecki in the New Yorker . What we should be concerned about is the...

Romney's Bain Had Loads of Profit, Bankruptcies

Wall Street Journal says Romney's firm didn't always turn things around

(Newser) - Mitt Romney has touted his time at Bain Capital as proof that he's the "turnaround artist" America needs, but an analysis of the companies he took over shows that may not be entirely true. The Wall Street Journal looked at 77 businesses Bain invested in under Romney's...

Carlyle Group Files for IPO
 Carlyle Group Files for IPO 
Sep 6, 2011 10:10 AM CDT

Carlyle Group Files for IPO

Huge private equity company to open its books

(Newser) - The Carlyle Group is going public. The mammoth private equity company has filed paperwork with the SEC for what’s planned as a $100 million initial public offering, the Washington Post reports. The move will open its books to public scrutiny, shining a light on the array of 270 disparate...

Burger King Wants a Buyer
 For Sale: 
 Burger King 
Sep 1, 2010 6:32 AM CDT

For Sale: Burger King

Chain seeks whopper of a private equity deal

(Newser) - Burger King wants it its way, right away: The world's second-biggest burger chain is looking for a buyer to take it off the stock market. Burger King execs have been in talks with various private equity firms in recent weeks, sources tell the Wall Street Journal , naming British firm 3i...

China May Invest in Bargain US Real Estate

Sovereign-wealth fund to ramp up spending after quiet 2008

(Newser) - China’s sovereign-wealth fund has its eyes on US real estate, the Wall Street Journal reports. China Investment Corp. laid low throughout 2008 as the global economy teetered but is now opening its coffers. And depressed US commercial property values—off 35% from their peak—coupled with cheap government financing,...

Private Equity Players Want In on Banking

Fed resists easing restrictions on risky, cash-rich enterprises

(Newser) - Even in the midst of the banking crisis, numerous entities are willing to buy the big banks, the New York Times reports. Private equity groups like J.C. Flowers & Company are itching to snap up the cash-strapped behemoths, but the Fed won’t let them. It’s worried that...

Private Equity Giants See Big Payday—If They Don't Go Bust

All the major players have survived so far

(Newser) - None of the major players in the "shadow banking" world of private equity—the likes of Blackstone, Carlyle, and KKR—has yet gone bust, and the guessing game of which one will be first is well under way, reports Newser founder Michael Wolff in Vanity Fair. Don't hold your...

Credit Crisis Spells Disaster for Private Equity Firms

Debt tightens as profits fall for many acquired companies

(Newser) - After a nearly 3-year buyout spree, private equity firms are facing tightened credit conditions just as slumping consumer spending squeezes many of their acquisitions, the New York Times reports. The leveraged-buyout bubble that culminated in $796 billion in deals in 2007 is bursting, leading to a grim reckoning as firms...

Lehman's Asset Management Arm Sold on Cheap for $2B

Prestigious Neuberger Berman goes to 2 private equity firms

(Newser) - Two private equity firms will acquire Neuberger Berman, the largest and most prestigious component of Lehman Brothers, for $2.15 billion. Bain Capital and Hellman & Friedman will pay in cash for the wealth management firm—an indication of just how stultified credit markets have become. Only a month before...

Lone Star Buys Big at Mortgage Fire Sale

Texas fund grabs $6.7B in Merrill castoffs, is hungry for more

(Newser) - Lone Star Fund is looking to profit from the castoffs of the credit meltdown, buying billions of marked-down assets and betting on just some of them to rebound, reports the Wall Street Journal. The Dallas-based private-equity firm run by John Grayken has closed a deal on $6.7 billion in...

Investors Throw Dice on Jacko's Vegas Comeback

Investment firm pushing for a start to Michael Jackson: the Vegas Years

(Newser) - A Las Vegas comeback could be in the cards for Michael Jackson if a private equity firm has its way, the Wall Street Journal reports. A firm that owns the Las Vegas Hilton and a big stake in a casino company bought $23 million of Jackson's debt last month and...

$6B From Outside Investors Will Shore Up Wachovia

Bank selling discounted shares to combat credit crunch

(Newser) - Ailing bank Wachovia will get a $6 billion-$7 billion shot in the arm from outside investors, the Wall Street Journal reports. Specifics of the capital infusion, designed to help the company recover from the credit crisis, haven’t been finalized. Details may be revealed when the company reports first-quarter earnings...

Investors Worry Clear Channel Sale Is Off the Air

Credit worries and a slumping stock price have Wall Street worried the deal is done

(Newser) - Optimism on Wall Street about Clear Channel's $19 billion equity buyout is fading and its share price is spiraling lower as the deal, more than a year in the making, appears to be unraveling—done in by regulatory issues, credit worries, and deteriorating industry conditions, the Wall Street Journal reports....

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