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Kohlberg, Kravis & Roberts, the three men behind private equity’s star KKR
As you probably know, private equity firms are hot. And as they get more and more funds (remember how the Chinese government decided to invest in Blackstone) they become even more desirable. KKR used...
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Cerberus Capital Management: another style for private equity
A few days ago I wrote about KKR and the three men behind that acronym. Now it’s the time for another company that lies in the private equity niche too, but, as you will see, plays its cards quite...
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Defensive strategies from private equity (spin-yourself-off)
Those of you who read me know my ideas about private equity and how it has become an increasingly efficient way to invest the “big bucks”. I wrote about this in China and Blackstone: bad news for...
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Blackstone going public… not so well (at least something is coming back to...
My readers (thank you for being there) already know that Blackstone is a private equity firm that I like and I’ve been following lately (See China and Blackstone: bad news for capital markets, good...
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Cerberus gets his prize with Chrysler (A new chance to see private equity...
Daimler no more. Finally Cerberus got their way. (Remember the post Cerberus Capital Management: another style for private equity). One icon buys another. In those five months, thousands of hours spent...
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Financial weapons of mass destruction unleashed in the US (the party is over)
It supposedly began with a bubble. Just another bubble like the one I described on The South Sea Company (or how Sir Isaac Newton spurned the dismal science). The bubble was fuelled by an excess of...
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Lehman’s fall (or the necessary and dangerous road back to rationality and...
Yes, you already know it. Lehman Brothers one and a half century of reign has ended ominously. As every corpse, it needs a hole in the ground to be buried. The problem here is that this hole is $600...
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Recovery or rebound? (long lasting pains)
It’s always nice to hear that Japan has grown a 3.7%. It makes eye-catchy headlines. But if you go deeper you see that the figure is just the annualisation of a mere 0.9% between April and June, and...
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Dubai has financing troubles but… is it making a profit?
More than two years ago I was writing about Conspicuous consumption: from Thornstein Veblen to Jumeirah Palm. The reference to Dubai was almost mandatory of course. I’ve been to Dubai and I like the...
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