Private equity firm

Background The Blackstone Group (Blackstone) is a private equity firm founded in 1985 by two former employees of Lehman Brothers. In May 2007 the firm had $88.4 billion under management and had grown 41% annually since 2001. The firm operated in several business groups but distinguished itself from other firms by extensive collaboration across divisions. It was divided into Corporate Private Equity, Real Estate Funds, Marketable Alternative Asset Management, Corporate Debt Funds, and Advisory

Private equity firm Lone Star has announced the launch of a new hotel investment and management group, Amaris Hospitality. The new hotel group will help the US-based private equity firm to bring together its existing portfolio of 89 properties. The Announcement The private equity firm announced that its Amaris Hospitality will bring together its recently acquired hotels, which are currently spread around four separate portfolios. The hotel group will include 29 Jurys Inn hotels, 21 Mercury hotels

Appendix VI: Hertz Corp. Case Study Overview: The Hertz buyout is one of the largest private equity deals. It drew criticism in the media and from union members, after the company’s new owners paid themselves $1.3 billion in dividends not long after the transaction closed and ultimately financed the payments by selling stock to the public. The company has realized hundreds of millions of dollars in improved financial results annually, but also has cut thousands of jobs as it has sought to make

Private equity firms haven’t been very active in acquiring money management companies in the past few years, but Blackstone Group has now broken the trend. The firm made a big investment this week, as it bought First Eagle together with Corsair Capital. The Deal The private equity firm bought a majority stake in First Eagle Investment Management with the global investment firm. The deal saw the money management company valued at nearly $4 billion, including debt. The company will continue to operate

In order to compete in the global economy, organizations are in a constant state of transformation, and are fixated on accelerating production processes in order to maximize efficiency resulting in more profit. Today’s organizations are less concerned with the production of useful goods and services, but are more concerned with increasing shareholder value (Grey, 2009). This is known as fast capitalism, or maximizing value for shareholders. This paper will attempt to reveal what events led up

HBS Project: Blackstone and the Sale of Citigroup’s Loan Portfolio Blackstone and The Sale of Citigroup’s Loan Portfolio In the second half of 2007, the banking industry and financial market showed signs of considerable stress by raising the default rate of mortgage and the decline in the value of residential mortgage-backed securities. This had led to a re-pricing of many debt instruments. By the end of 2007, Citigroup declared that the fair value of its U.S. sub-prime related direct exposure

politicians is the private equity industry and it’s and widespread abuse of a tax loopholes. During the Obama administration, there had already been talks regarding the taxing of “carried interest”, the 20% incentive fee charged by private equity firms, as regular income rather than capital gains. In spite of the failed effort, politicians from both parties are now aggressively pushing to close the prominent loopholes enjoyed by fund managers widely. Additionally, private equity firms are being scrutinized

had on private equity investors in the energy markets for the past year. What was once a lucrative and seemingly obvious investment into the oil boom of the post-recession has, for the last year, turned into an energy fund disaster for many PE firms. Yet despite the record-breaking losses that these funds have incurred, private equity firms have recently been doubling down in the market, increasing energy investment to previously unseen levels. Such actions beg the questions: why are PE firms so confident

Private Equity (PE) investment is an asset class that is bought and sold in a privately negotiated transaction and is not publicly traded on a stock exchange. This investment is normally completed by private equity firm, venture capital firm, or an informal investor named business angel. They raise funds and invest it on behalf of their investors. There are four most well-known investment strategies, i.e. venture capital (VC), leveraged buy-out (LBO), mezzanine debt and distressed debt investments

like private equity, continue to have problem in attracting women. Private equity firms have become increasingly aware of the need to get more women involved. But how big is the problem and are new perks the way to go? Women in Private Equity Preqin’s latest research in March didn’t paint a very rosy picture. The research showed that private equity industry as a whole has a woman in charge of just 11.7% of leadership positions. In terms of different sectors within the industry, buyout firms are