Friday, 24 October 2014
Last updated 5 hours ago
Jul 14 2014 | 5:11am ET
Another major private-equity firm has settled collusion allegations.
Silver Lake Partners will pay $29.5 million to end a lawsuit accusing it and other p.e. powerhouses of agreeing not to bid on companies pursued by competitors in an effort to keep buyout prices down. The deal follows settlements by Bain Capital Partners and Goldman Sachs last month.
Four firms—Blackstone Group, Carlyle Group, Kohlberg Kravis Roberts and TPG Capital—remain defendants in the class-action lawsuit brought on behalf of the shareholders of eight companies bought by the firms. The trial is set to begin on Nov. 3, unless the other firms also reach settlements.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.