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
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
An article in the U.K.’s Daily Mail says, citing “rumours,” that a group of private equity firms are aiming to buy Saks Incorporated. The Mail pegs the purchase price, which it says could be made public soon, at $1.7 billion, or $11 a share.
The purveyor of Gucci handbags and other fashionable wears has lately seen its prospects Read More
The sad truth about big, smart, journalistic Wall Street critiques is that they’re awfully hard to come by. And when you find them, they sometimes turn out to be from reporters who have a history of walking into Goldman Sachs’ headquarters in gorilla suits. (Not that there’s anything so awful about that.)
But Read More
The vulture in angel’s wings is coming.
Forgive us. “A vulture in angel’s wings” is how one broker describes private equity—all those investors with piles of money that lurk in the recessionary shadows of the commercial real estate marketplace, patiently waiting until the prey has ripened and the bottom has come … so that they Read More