The selection of John Koskinen to lead the seized mortgage giant brings to three the number of private equity pros asked this month to head up troubled financial services companies.
2 min read · 12 January 2013
The selection of John Koskinen to lead the seized mortgage giant brings to three the number of private equity pros asked this month to head up troubled financial services companies.
2 min read · 12 January 2013
The San Francisco-based private equity real estate firm has acquired a for-sale condominium complex in Northern Virginia and renamed the complex ‘Carmel Vienna’.
1 min read · 12 January 2013
The global buyout firm is to acquire a 26.7 percent stake in Shriram City Union Finance, its second investment in the Shriram Group in two years. The investment will be made from its recently closed $4bn Asian fund.
2 min read · 12 January 2013
Edward Liddy, an operating partner with the New York buyout firm, is expected to return to Clayton Dubilier when he is finished with his duties at AIG, which yesterday entered into an $85bn government bailout. Liddy has been with the firm for about a year.
2 min read · 12 January 2013
A new survey reveals why buyout purchase multiples have been increasing in 2008, writes Andy Thomson.
2 min read · 12 January 2013
The global buyout firm is to acquire a 26.7 percent stake in Shriram City Union Finance, its second investment in the Shriram Group in two years. The investment will be made from its recently closed $4bn Asian fund.
2 min read · 12 January 2013
The private equity firms are reportedly in discussions to buy Lehman’s investment management unit, which includes its $30bn private equity portfolio. The price of the investment management arm, around $5bn last week, may come down after Lehman’s bankruptcy filing yesterday.
1 min read · 12 January 2013
Amid the turmoil of its parent company, AIG's investment arm continues its Asian expansion with the hiring of Michael Chae. The fate of the firm’s substantial private equity and real estate businesses remains uncertain.
2 min read · 12 January 2013
The publicly listed fund of funds is now trading at almost a 50 percent discount to NAV. In a statement, the fund says it is “hopeful” that a deal for Lehman’s asset management and alternatives units “will be made within a very short period of time”.
2 min read · 12 January 2013
