After a bailout from the biggest banks, the ailing midsize lender is searching for more help to shore up its finances and soothe the fears of investors and depositors.
Category: Private Equity
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Thomas H. Lee, a Pioneer in Leveraged Buyouts, Is Dead at 78
Born into wealth, he turned it into even greater wealth in founding a Boston firm and was remembered as a “kinder, gentler” corporate raider.
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Remembering Thomas H. Lee, a Veteran of Private Equity
The financier, who died at 78 years old, was known for prominent takeovers of Snapple and Warner Music.
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Thomas Lee, Private Equity Pioneer, Is Dead at 78
The financier, who called himself Tomcat, was an early buyout enthusiast.
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‘The World’s Largest Construction Site’: The Race Is On to Rebuild Ukraine
As the country’s leaders lay postwar plans, companies from around the world are jockeying for advantage in what could be a multibillion-dollar effort, although one loaded with risk.
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U.S. Aims to Curb Investment in China Amid Security Concerns
The Biden administration is preparing new rules that would restrict U.S. dollars from flowing to China.
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Carlyle Names Harvey Schwartz, Former Goldman Sachs Executive, as CEO
Harvey Schwartz, who was passed over for the top job at Goldman Sachs, is taking over at the private equity giant.
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When Private Equity Came for the Toddler Gyms
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.
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Grocery Store Merger Faces Long Road Before Approval
Consumer advocates, unions and independent grocers are against a deal that would join Kroger and Albertsons, and be lucrative for investors.
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Vice, a Beleaguered Avatar of New Media, Hangs a ‘For Sale’ Sign
Vice, which has struggled to achieve profitability in recent years, has formed a special committee to find suitors.
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Bed Bath & Beyond in Talks to Sell Assets
The beleaguered retailer, which 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.