A South Korean court cleared bank and government officials of price manipulation in the $1.2bn sale of Korea Exchange Bank in 2003 to the US private equity firm. Lone Star has lost two agreements to sell its stake at an enormous profit as the result of ongoing lawsuits.
2 min read · 12 January 2013
While stressing it continues to honour capital calls, CalPERS has said it is not atypical for it to ask GPs to delay requests for funds. The pension has confirmed it sold more than $2bn in private equity holdings on the secondary market last year, including interests in Carlyle and Landmark funds.
2 min read · 12 January 2013
While stressing it continues to honour capital calls, CalPERS has said it is not atypical for it to ask GPs to delay requests for funds. The pension has confirmed it sold more than $2bn in private equity holdings on the secondary market last year, including interests in Carlyle and Landmark funds.
2 min read · 12 January 2013
Hank Paulson, US Treasury Secretary, said today buying troubled assets is not the most effective way to use TARP funds.
2 min read · 12 January 2013
KKR's publicly listed debt affiliate made $49m in third quarter profits but will suspend its dividend to preserve liquidity.
2 min read · 12 January 2013
KKR's publicly listed debt affiliate made $49m in third quarter profits but will suspend its dividend to preserve liquidity.
2 min read · 12 January 2013
When Barack Obama is sworn into the White House in 2009, private equity firms can expect some changes, among them likely increases to capital gains and carried interest taxation. However, his election also could prompt a greater willingness by overseas investors to invest in the US.
2 min read · 12 January 2013
Amid $649m in third quarter write-downs for KPE – the largest related to a co-investment in the $45bn TXU buyout – the private equity firm has said the restructuring of the Euronext-listed vehicle will come next year.
2 min read · 12 January 2013
Amid $649m in third quarter write-downs for KPE – the largest related to a co-investment in the $45bn TXU buyout – the private equity firm has said the restructuring of the Euronext-listed vehicle will come next year.
2 min read · 12 January 2013
JPMorgan doubles PE investments in India * GIC turns to private equity
2 min read · 12 January 2013
