Robert B. McKeon, the founder and chairman of Veritas Capital, the private equity firm that invested in defense contractors, died Monday in an apparent suicide, The Observer has learned.
The state medical examiner’s office in Connecticut, where Mr. McKeon owned a home, said that a man of the same name and age died of “asphyxia due to neck compression,” and that the death was ruled a suicide. The examiner’s office wouldn’t give a time or place of death. The Darien, Conn., police department said in a written statement that a man named Robert McKeon was found dead in his Darien home on Monday, and that “the death is not considered suspicious, but the incident is under investigation pending the results of the scheduled autopsy.”
This year, several big initial public offerings appear ready to trundle down the pike, and business is bigger than it’s been in years.
Nielsen Holdings, Demand Media and (eventually) Facebook are set to rekindle the market. But, as The Wall Street Journal reports, returns for private equity firms will probably be hamstrung by a Read More
New York-based Tiger Global is making Facebook a big part of its sixth private equity fund, according to a report by Bloomberg.
The firm has $1 billion in commitments and should have more money coming in, two sources told Bloomberg. During its fifth fund, Tiger Global plunked down $164 million for a 1 percent Read More
Private equity enormity Blackstone is in the final stages of a $15 billion bout of fundraising after a globetrotting search for investors, The Wall Street Journal reports.
The news comes amid a putative resurgence of the buyout giants. Just today, TD Bank agreed to buy Chrysler Financial from Cerberus in a $6.3 billion Read More
The bouquinistes on the quais of the Seine should take note; Steve Schwarzman has made his literary preferences known. In anticipation of the billionaire Blackstone chief’s arrival, the vendors of antiquarian books better stock up on their Freud and Machiavelli. His five top books are oddly fitting for a man who’s about to Read More
Blackstone CEO Steve Schwarzman’s decision to head to Paris for a couple months, a move that has prompted its fair share of Wall Street chatter, may have been motivated by spousal concerns, the Financial Times reports:
The move by Mr Schwarzman, 63, has been described by the people as a personal decision, partly Read More
Private equity behemoth Kohlberg Kravis Roberts & Co. is in talks to acquire pet- and human-food purveyor Del Monte Foods, according to a report by Bloomberg.
A transaction would give KKR a pet-food business whose sales have more than doubled since 2006, helped by the acquisitions of labels like Meow Mix cat-food and Milk Read More