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| BusinessWeek Online -- Deal Flow |
| Lehman Keeps Bleeding Thu, 11 Sep 2008 11:23:42 -0500 The Lehman Brothers bloodbath continues, as shares of the beleaguered investment bank tumbled again today—just one day after the firm announced a still evolving plan to put its financial affairs in order. In late morning trading, shares of Lehman were... |
| Sallie Mae deal at risk Wed, 11 Jul 2007 16:07:31 -0500 The $25 billion buyout of student loan company SLM could be scuttled as Congress debates new laws that would cut funding for the market. The private equity consortium, which includes JC Flowers, JP Morgan and others, argues that the legislation... |
| M&A advisor questions whether Avaya buyout will pay off Fri, 08 Jun 2007 15:00:59 -0500 I thought that TPG and Silver Lake's $8.2 billion buyout of corporate phone-maker Avaya made a lot of sense. Sure, the company is in a tough business and faces competition from all sides, but buyout firms are supposed to be... |
| Another view on strategic buyers Wed, 30 May 2007 15:05:31 -0500 I argued yesterday that strategic buyers are often at a disadvantage when they are in competitive situation with financial sponsors. Ken Marlin, the founder of investment bank Marlin & Asssociates, has a different view, which I am passing along. Thanks,... |
| Avaya: a near-perfect private equity target Tue, 29 May 2007 16:24:28 -0500 For years, telephone handset maker Avaya was a sleepy corporate backwater in the old AT&T corporate empire. No one seemed to want to own it. AT&T spun off its entire network equipment making division as Lucent Technologies in 1996. But... |
| Carlyle Group Plans to List First Publicly Traded Fund Thu, 10 May 2007 18:34:18 -0500 My colleague Emily Thornton passed this scoop to Deal Flow: Private equity powerhouse the Carlyle Group plans to file to list its first publicly traded fund by the end of June, people familiar with the transaction have told BusinessWeek.com. Recently,... |
| Goldman backs wireless broadband startup Arcadia Thu, 26 Apr 2007 16:01:43 -0500 Arcadian Networks, a wireless broadband company that servces rural industries, said Thursday it had raised an additional $30 million from lead investor Goldman Sachs. The New York-based telecom startup has now raised a total of $90 million. Arcadian automates the... |
| Another view on IT services buyouts Mon, 23 Apr 2007 13:43:37 -0500 I wrote today about the buyout boom in the IT services sector. link. Investment banker Ken Marlin, the founder of tech and media-oriented advisor Marlin & Associates, offered a long and thoughtful analysis that frames the issues in a cogent... |
| Alternative investment fees under pressure Thu, 19 Apr 2007 17:33:59 -0500 Pension funds and other big investors have been saying for some time that hedge fund fees are too high. Now private equity funds are coming under the same sort of pressure. "Private equity management fees have come under the spotlight... |
| Derivatives create new ways for betting on LBOs Tue, 17 Apr 2007 15:16:13 -0500 Today, I take a look at how hedge funds are using insurance policies, known as credit default swaps, to make bets on companies they think are likely to be acquired in a leveraged buyout. link. Private equity investors typically look... |
| Lazard chief's pay reflects boom Fri, 13 Apr 2007 13:18:56 -0500 Goldman Sachs CEO Lloyd Blankfein may have done CEOs across the financial world a huge favor by earning a stunning $54 million in 2006. Blankfein set the bar for CEO pay so high that no one else is likely to... |
| BCE talks driven by regulatory issues Wed, 11 Apr 2007 18:05:52 -0500 Like just about everything else in telecom, the buyout talks between the Ontario Teachers' Pension Fund and Bell Canada parent BCE are driven by regulatory issues. BCE wanted to enjoy a tax loophole popular with many Canadian companies for the... |
| BCE talks: eliminating the middle man Tue, 10 Apr 2007 18:00:43 -0500 The Ontario Teachers' Pension Plan is exploring a possible $45 billion buyout of Bell Canada parent BCE. The talks, first reported by The New York Times, could lead to the largest buyout in history, a record that doesn't stand for... |
| Balance of power tilts back to big companies Fri, 06 Apr 2007 15:25:04 -0500 Verizon's stunning legal victory in patent suit against voice of IP upstart Vonage should be seen as part of a broader trend favoring big companies. Just a few years ago, it was common wisdom that upstarts would eat away at... |
| Satellite deal: Do broadcasters protest too much? Thu, 05 Apr 2007 11:21:06 -0500 The proposed merger of satellite radio companies Sirius and XM has elicted a damning response from radio broadcasters. They helped fund a Carmel Group study that has powerfully attacked the deal's central defenese in a Justice Department antitrust review. The... |
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| Word of the day |
Merriam-Webster's Word of the Day for May 17, 2012 is:
maffick • \MAF-ik\ • verb
: to celebrate with boisterous rejoicing and hilarious behavior
Examples:
Fans mafficked for hours outside the stadium, celebrating the team's dramatic victory in the division championship.
"In half an hour, after the mildest of mafficking, the last visitors of the exhibition's last day had gone out of the gates and the staff began their final acts of closing up shop." — From an article in The Guardian (London), October 1, 2011
Did you know?
"Maffick" is an alteration of Mafeking Night, the British celebration of the lifting of the siege of a British military outpost during the South African War at the town of Mafikeng (also spelled Mafeking) on May 17, 1900. The South African War was fought between the British and the Afrikaners, who were Dutch and Huguenot settlers originally called Boers, over the right to govern frontier territories. Though the war did not end until 1902, the lifting of the siege of Mafikeng was a significant victory for the British because they held out against a larger Afrikaner force for 217 days until reinforcements could arrive. The rejoicing in British cities on news of the rescue produced "maffick," a word that was popular for a while, especially in journalistic writing, but is now relatively uncommon.