This category not only includes topics related to acquisitions, but also includes topics such as divestitures, M&A, mergers, succession planning, etc.

Q1 2013 M&A Activity

Source: According to Thomson Reuters and the DealBook, edited by Andrew Ross Sorkin of the New York Times, the pace of worldwide M&A during the first quarter of 2013 was relatively slow.  The summary, highlighted below, reflects announced transactions and ranks them by value.  Goldman Sachs is on top of Thomson’s League Tables in …

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Remember The Good Old Days Of LBOs?

Remember the good old days of leveraged buyouts (LBOs)?   You know, buy control of a company by using a pile of debt, firing a lot of employees, and selling some hard assets.  Then, use the cash flow to pay capital providers of the transaction through principal payments, interest, and special dividends.  In the medium- …

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Stupid Is As Stupid Does

Cerberus by William Blake (1757-1827) According to Coller Capital, and highlighted by Jason Kelly at Bloomberg, investors’ newfound selectivity will help eliminate 20% of private equity firms. Just one of many reasons is alluded to by the June 13, 2011 bankruptcy filing by Perkins and Marie Callender’s restaurant, a portfolio company of Castle Harlan, which …

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