Friday, 26 December 2014
Last updated 2 days ago
Oct 23 2007 | 7:36am ET
Farallon Capital Management is helping out an old friend squeezed by the tightening credit markets.
The San Francisco hedge fund and GSO Capital Management will buy $500 million of high-yield debt to fund private equity firm Hellman & Friedman’s purchase of heating and cooling product company Goodman Global. Farallon founder Thomas Steyer worked at the private equity firm, also based San Francisco, before starting the hedge fund in 1986, and he remains a managing director at the firm. Hellman & Friedman was also a founding investor in Farallon.
Hellman & Friedman is paying $2.65 billion for Houston-based Goodman, which returns to private equity ownership. The company, which had been owned by the Goodman family and private equity firm Apollo Management, went public last year.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.