Articles Written by:    PETER LATTMAN     

Credit Analysts Decry the LBO Debt Bomb

The buyout boom removed hundreds of stocks from the coverage lists of Wall Street equity research analysts. But while private-equity firms lessened the burden of stock analysts, their debt-laden purchases have bulked up the workload of credit analysts. ...

From PETER LATTMAN, Wall Street Journal,  13 Jun 2008

10 Things the Next President Needs to Know About Private Equity

Rubenstein had a fun hook for his morning speech. He asked the audience: On Jan. 20, 2009, if you could spend 30 minutes with the new President of the United States, what would you tell him he needs to know about the private-equity. The former staffer ...

From PETER LATTMAN, Wall Street Journal,  4 Jun 2008
Related Topics: White House,  CNOOC Limited,  U.S. Congress

SuperReturn 2008: ‘It Isn’t the Day After Christmas Yet’

Hello again from SuperReturn U.S., where we just heard from a handful of private-equity heavies weigh in on the current state of things. While we have heard that SuperReturn’s flagship European conference is a rockin affair, the atmosphere here-despite ...

From PETER LATTMAN, Wall Street Journal,  3 Jun 2008
Related Topics: Goldman Sachs

The Dangerous Theory of “Deepening Insolvency”

Is your private-equity company circling the drain? Beware of a bankruptcy filing. You may end up liable for payments far bigger than your original investment. A recent court decision in Delaware drives this point home. A federal bankruptcy judge ruled ...

From PETER LATTMAN, Wall Street Journal,  20 May 2008

Blackstone: From Crab Claws to Clawbacks

We all know that Steve Schwarzman loves crab claws. As our colleagues reported last year, “his personal chef often spends $3,000 for a weekend of food for Schwarzman and his wife, including stone crabs that cost $400, or $40 per claw.” A year later, ...

From PETER LATTMAN, Wall Street Journal,  16 May 2008

Steve Schwarzman’s Take on the Subprime Mess

Alas, the Deal Journal wasn’t invited to Blackstone’s annual limited-partner confab in Florida last week. We assume most of you weren’t at the Boca Raton Resort & Club either, so we thought we’d fill you in on what went down. In an early-morning ...

From PETER LATTMAN, Wall Street Journal,  8 May 2008
Related Topics: PHH CORP,  Pete Peterson

KKR: Livin’ in the “Illiquidity Phase” — And Lovin’ It

What a difference a year makes. A year ago, KKR honcho Henry Kravis could have had his pick of juicy topics to talk about on a conference call for KKR Private Equity Investors, the Amsterdam-listed public company that invests in KKR funds. The firm ...

From PETER LATTMAN, Wall Street Journal,  7 May 2008
Related Topics: Henry Kravis,  TXU,  IAG Research

TPG’s Coffee Talk: Caffeine Is Popular. Discuss.

Picture TPG gazillionaires David Bonderman and Jim Coulter doffing their pinstripe suits to become baristas, taking orders for a venti no-foam latte at some java hut in Tel Aviv. That was the amusing image that floated around Deal Journal’s head when ...

From PETER LATTMAN, Wall Street Journal,  6 May 2008
Related Topics: TPG, N.V.,  Washington Mutual, Inc.

Debunking Cerberus’ Investment in Blackwater

An up-to-the-minute take on deals and deal makers. It all seemed so perfect. Secretive, billionaire, former paratrooper trains his largesse on a secretive, lucrative quasi-military operations company. “We are not doing that deal,” said Neporent in a ...

From PETER LATTMAN, Wall Street Journal,  30 Apr 2008

The Clear Channel Buyout: Is a Commitment a Contract?

In a packed New York courtroom Thursday, attorneys for six of the nation’s largest banks and two of the country’s biggest private-equity firms wrestled with the same question students grapple with on the first day of law school: What is a contract? At ...

From PETER LATTMAN, Wall Street Journal,  24 Apr 2008
Related Topics: Clear Channel Communications, Inc.,  Citigroup,  Morgan Stanley,  Royal Bank of Scotland,  Deutsche Bank

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