July 7, 2008 - In the first quarter, many M&A professionals were hopeful that things would improve in the second or third quarter. Then the second quarter came, and some forecasted recovery was going to happen in the third or fourth quarters. But now that the third quarter is officially upon us, most people I talk to expect the second half will bring more of the same.
May 20, 2008 - The proposed $12.8 billion takeover of the Pennsylvania Turnpike that Citi put on the table is being billed by the states governor as a slam dunk. Citi Infrastructure Investors, joined by advisory group Babcock & Brown and Spanish transport and communications firm Albertis Infrastructure, beat out rival bidding groups led by Goldman Sachs and Macquarie to win rights to the highway.
April 15, 2008 - Certainty of close has become a growing issue for PE firms. One solution, as some have discovered, is to eschew any outside financing.
March 12, 2008 - I hate to be the one to say it, because I dont like being the downer, but theres little question now that the credit crunch is impacting the middle market.
January 29, 2008 - It seems like a no-brainer for U.S. private equity firms to put money to work in China, but of course it isnt that simple.
January 16, 2008 - It seems like every day I get another press release from the Service Employees International Union (SEIU) complaining about a portfolio company of a private equity firm. Not too long ago they made noise about Toys R Us, a KKR-backed company, having to do a product recall, while more recently they pushed a wheelbarrow of pretend cash along Pennsylvania Avenue, near Caryle Group's offices, to criticize what they view as tax breaks for private equity