Private Equity

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Silver Lake’s Fundraising - Cheap Tech Targets?

By The Prince ⋅ March 4, 2008 ⋅ Post a comment

4 Mar 2008 - Silver Lake Partners announced yesterday that it closed its third tech-focused buyout fund with $9.3 billion in committed capital. LBO Wire and peHUB broke the story but Silver Lake has not confirmed it publicly.  This fundraising started back in 2006 with $7.5bn target.  Silver Lake’s previous fund closed at $3.6bn.  Silver [...]

Covad Communications Buyout Arbitrage Update

By The Prince ⋅ March 4, 2008 ⋅ Post a comment

4 Mar 2008 - Check out this update from Intelligent Speculator on the Covad Communications buyout arbitrage opportunity.  The Prince also blogged about Covad  and attempted to handicap the deal based on public information.  Intelligent Speculator points out that the deal is now closer since the acquisition has cleared anti-trust and the shareholders have approved [...]

Buy When There’s Blood in the Streets

By The Prince ⋅ February 27, 2008 ⋅ 2 comments

Baron Philippe de Rothschild, ever an opportunist, is said to have advised, “Buy when there’s blood in the streets.” Investors like Warren Buffett do just that all the time. Hedge funds have been set up specifically to take advantage of carnage in the markets.  But for some inexplicable reason, many corporate C.E.O.’s can’t seem to [...]

More Trouble On PE Deals Ahead

By The Prince ⋅ February 25, 2008 ⋅ Post a comment

Now that the Alliance Data buyout is supposedly “back on" (after an attempted shutdown by Blackstone), some in the financial press might anticipate that future private equity buyouts will go more smoothly than the Alliance Data deal.  It would be a mistake, however, to believe that other buyout deals have an easy road ahead.  Many [...]

Top 50 Buyout Firms - May 2007

By The Prince ⋅ February 21, 2008 ⋅ Post a comment

20 Feb 2008 - Here is an interesting list ranking PE shops by size of all PE funds combined.  It is only as of May 2007 and some of these funds have raised more funds since then however, it is interesting none the less.  Here are the top 20:
1 The Carlyle Group $32.5 billion [...]

What M&A Slowdown?

By The Prince ⋅ February 9, 2008 ⋅ Post a comment

There have been a number of articles recently saying that M&A in January was not as far down as the financial media has been claiming.  MarketWatch’s David Weidner recently wrote, "that despite dire predictions of a M&A slowdown, the M&A rush that fueled the market’s outsized gains last year may not be slowing after all [...]

Rubenstein Accosted at PE Conference

By The Prince ⋅ January 19, 2008 ⋅ Post a comment

This story was originally covered by The Deal, Dealbreaker, Dealbook, and PE Hub but The Prince couldn’t pass up the opportunity to comment on it.  This whole incident happened at the Wharton Private Equity Conference, a sold-out conference that had been advertised all over the place for the last month.  The one day event featured [...]

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