Saturday, 18 April 2015
Last updated 20 hours 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…