Thomas H. Lee, Pioneer in Leveraged Buyouts, Is Dead at 78
Born into wealth, he became a billionaire in founding an aggressive Boston private equity firm. He was remembered as a “kinder, gentler” corporate raider.
Born into wealth, he became a billionaire in founding an aggressive Boston private equity firm. He was remembered as a “kinder, gentler” corporate raider.
The financier, who called himself Tomcat, was an early buyout enthusiast.
The same playbook that has notched high returns acquiring things like foreclosed homes and highway rest stops is being tested by a family-oriented franchise.
Consumer advocates, unions and independent grocers are against a deal that would join Kroger and Albertsons, and be lucrative for investors.
Vice, which has struggled to achieve profitability in recent years, has formed a special committee to find suitors.
The beleaguered retailer, which has warned of a possible bankruptcy, is said to be in discussions with suitors about selling pieces of its business, including its Buy Buy Baby stores.
Albertsons wants to pay $4 billion to shareholders ahead of its proposed merger with Kroger, a move that would require the already debt-ridden company to borrow $1.5 billion.
The Glazer family has hired advisers to weigh its options for the multibillion-dollar soccer club, which it has owned since 2005.
Candle Media, run by former Disney executives, is buying Exile, which has deals to produce shows for Netflix, HBO and Amazon Prime.
The world of deal making has always been rough and tumble. But Mr. Musk blows any predecessors away.
Financially speaking, the billionaire’s buyout of the social media network breaks all the usual rules.
The deal with Abry Partners is the latest example of private equity’s pushing into Hollywood to cash in on the demand for streaming shows.
The world’s richest man is trying to shore up debt financing, including potentially taking out a loan against his shares of Tesla, so he can buy Twitter for $43 billion.
Investors have been skeptical that Elon Musk would be able to cobble together the funds needed to buy Twitter.
Elon Musk could pledge his Tesla shares, borrow from banks or team up with private equity to raise the funds. Each option comes with caveats.
The company known for TV ratings has faced pressure from media platforms and advertisers to more accurately include digital audiences.
Private-equity firms were once niche players serving big clients. Now they’re trying to be everything to everyone.
The private equity firm said it would acquire Preferred Apartment Communities, a real estate investment trust, for $6 billion as it seeks a hedge against inflation.
Hellman & Friedman and Bain Capital are taking over the health care software company.
The president’s son was part owner of a venture involved in the $3.8 billion purchase by a Chinese conglomerate of one of the world’s largest cobalt deposits. The metal is a key ingredient in batteries
