A former lawyer, he cofounded the giant investment firm TPG and became known for complex deals that remade corporate America. He died on Wednesday at 82.
Category: Private Equity
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Can Wall Street Billionaires Deliver on Trump’s Blue-Collar Promise?
The president-elect has named wealthy financiers for key economic positions, raising questions about how much they will follow through on promises to help the working class.
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DirecTV Calls Off Plans to Acquire Dish Network
The deal, which would have created one of the largest pay-TV providers in the United States, fell apart after strong objections from Dish’s lenders.
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Motel 6 Is Sold to Oyo, an Indian Hotel Company Expanding in the U.S.
A roadside chain for more than 50 years, Motel 6 was owned by Blackstone, the private equity giant. Oyo will pay $525 million in an all-cash deal.
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Axel Springer Strikes Deal With KKR to Split Up Publishing Giant
The deal values all of Axel Springer at roughly $15 billion, with the company’s publishing assets worth about $4 billion.
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TelevisaUnivision Considers Replacing CEO Wade Davis
Wade Davis led an acquisition of Univision in 2020, buying out a consortium of private-equity owners.
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Miami Dolphins Deal Talks Gain Momentum
Owner Stephen Ross is talking to private equity firms after the N.F.L. changed the rules on what types of investors can buy into the league.
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When Property Investors Want Out, These Bargain Hunters Rush In
Investment firms are raising record sums for real estate secondary funds that cut private deals to buy assets from investors who can’t otherwise exit.
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The N.F.L. May Soon Welcome a New Kind of Minority Owner
At a meeting next week, team owners are expected to approve rules that would allow private equity firms to invest in their franchises.
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Private REITS Were a Hot Investment Trend, but They’ve Lost Some Appeal
Drawn by the opportunity to invest with private equity firms, small investors rushed into real estate investment trusts. But the funds have lost some appeal as interest rates have climbed.