private equity

Blackstone-Owned SeaWorld Readies IPO

The theme park operator is going public, probably launching its IPO this month. SeaWorld will offer 20 million shares, expecting to price them between $24-27 apiece.

Founders Taking Their Firms Private: A New Wall Street Trend?

Barnes & Noble's Leonard Riggio, Dell's Michael Dell and Best Buy's Richard Schulze each want to save the troubled companies they founded from the pains of publicly traded life. But is this trend powered by sound thinking, or wishful thinking?

Microsoft in Talks to Invest Up to $3 Billion in Dell: CNBC

Microsoft is in discussions to invest between $1 billion and $3 billion of mezzanine financing in a buyout of Dell, CNBC cited unidentified sources as saying on Tuesday. Private equity outfit Silver Lake Partners is trying to finalize a bidding group to take the world's No. 3 PC maker private.

What Private-Equity Firms and Vampires Have In Common

You may think that when private-equity firms buy troubled companies, their plan for making a profit is to fix them up, then resell them. But often, the heart of their plan is to load the companies up with debt, siphon hundreds of millions of dollars out of them, and stick the next set of investors with the bill.

This May Be Best Buy's Last Hope

Best Buy founder Richard Schulze apparently isn't giving up on his dream of taking back his company. Reuters reports that Schulze and a consortium of at least four private equity firms are studying the struggling consumer electronics retailer's books to explore what sources say may be an $11 billion buyout.

Best Buy Buyout Is No Sure Thing

Shares of Best Buy soared Monday after founder Richard Schulze said he wanted to buy the company. In private hands, Best Buy would be able to attempt a turnaround outside of the public limelight, but it won't be easy to get to the fairy tale ending.

Liquid Assets: Apollo Buys Indoor Waterpark Leader

Apollo Global Management is shelling out $703 million for Great Wolf Resorts, the leading operator of indoor water park resorts. The $5-a-share offer is better than the stock has seen since 2008, but people who bought it around its 2004 IPO will end up taking a real bath.

Leveraged Buyout Trailblazer Ted Forstmann Dead at 71

Theodore J. "Ted" Forstmann died on Sunday from complications related to brain cancer. The private equity pioneer's firm, Forstmann Little & Co., was one of the first to engage in leveraged buyouts -- using borrowed money to buy companies.

Spring Is in the Air for Retail M&A

Retailers are getting back to business after the recession and showing stronger earnings, making them attractive targets for private equity investors -- and each other.

M&A Mania: Early 2011 Deals Already Hit a 10-Year High

Companies such as Duke Energy and DuPont are off and running with megamergers early this year. Even Playboy is among the dealers. And market pros say the trend is far from over. Why are so many U.S. companies tying the knot? Fast growth is hard to come by in any other strategy.

Jo-Ann Stores to Be Purchased for $1.6 Billion

News that Jo-Ann Stores has agreed to be acquired by an affiliate of private-equity firm Leonard Green & Partners for about $1.6 billion has sent shares of the craft retailer soaring 33% in premarket trading.

Carlyle Group CFO Leaves Company as It Plans IPO

Peter Nachtwey, CFO of Carlyle Group, is leaving the private equity company as it plans an IPO. "Pete decided to pursue a great new opportunity for him, which we understand will be announced soon," Carlyle spokesman Christopher Ullman said, according to Bloomberg News. "We thank him for his service to Carlyle and wish him continued success."

Carlyle Group Planning IPO

Private equity giant Carlyle Group is planning an IPO to build capital to fund more buyouts. "There will be significant advantages to having a lot more capital," CEO William Conway told Bloomberg Businessweek. "Investors are reducing commitments to funds and making economic terms much less attractive."

For Nokia Siemens Joint Venture, an IPO Down the Line?

Nokia Siemens Networks' chief financial officer says the telecom equipment maker may launch an IPO in its distant future, a move that could help its current efforts to sell a chunk of its stock to private equity buyers.

Harrah's 'Not Pursuing' IPO Due to Market Conditions

Harrah's Entertainment, the world's largest casino operator, said it is "not pursuing its initial public offering of common stock at this time due to market conditions." The company had been planning a $532 million IPO, The Wall Street Journal reported. The company had been planning a $532 million IPO, The Wall Street Journal reported.

Private-Equity Firms Ask Alibaba to Join Yahoo Bid

A group of private-equity investors is calling on the CEO of Chinese Internet giant Alibaba Group to throw his support behind a buyout offer for Yahoo, Reuters reports. Alibaba founder Jack Ma is reportedly considering his options regarding the U.S. firm that holds a 40% stake in his company.

HCA to Pay $2 Billion Dividend to Private Equity Owners

Hospital chain HCA will issue a $2 billion dividend to private-equity owners including KKR & Co. and Bain Capital LLC. HCA will use a $1.5 billion high-yield bond sale to help pay for the dividend, Bloomberg News reported.