InfoSpace names independent investor Braden Kelly to its board of directorsSeptember 21st, 2009 InfoSpace names new board memberBELLEVUE, Wash. — InfoSpace Inc.
Providence Equity Partners names Citigroup Chairman Parsons as a senior adviserSeptember 16th, 2009 Providence Equity names Parsons as senior adviserPROVIDENCE, R.I. — Providence Equity Partners Inc., owner of video Web site Hulu and Spanish-language television network Univision, said Wednesday that Citigroup Chairman Richard Parsons will serve as a senior adviser.
Features of private equity industry, which may acquire more failed banksAugust 25th, 2009 Features of private equity industryAs bank failures mount, regulators are looking more favorably on private equity investors that want to acquire failed institutions. The FDIC board, meeting in a public session Wednesday, is expected to ease restrictions proposed for private equity firms early last month, people familiar with the issue say.
Meritage Homes names private equity firm president Dana Bradford as a directorAugust 14th, 2009 Meritage Homes names Dana Bradford as a directorSCOTTSDALE, Ariz. — Homebuilder Meritage Homes Corp.
Apax Partners begins tender offer to acquire outstanding shares of BankrateJuly 29th, 2009 Apax Partners begins tender offer for BankrateNEW YORK — Private equity firm Apax Partners launched a cash tender offer at $28.50 a share Tuesday to acquire all outstanding shares of consumer finance Web site operator Bankrate Inc. The value of the proposed transaction, which was announced last week, is roughly $570.8 million, excluding transaction fees and expenses, according to the companies.
Continental Airlines posts 2Q loss as business travel remains softJuly 21st, 2009 Continental Airlines posts 2Q lossDALLAS — Continental Airlines Inc. said Tuesday it will cut 1,700 jobs and raise fees for checking luggage after it posted a large loss for the second quarter amid falling traffic.
Continental CEO Kellner to step down at year-end, be replaced by company president SmisekJuly 17th, 2009 Continental CEO Kellner stepping downDALLAS — Chairman and CEO Lawrence W. Kellner will leave Continental Airlines Inc.
Parts maker Delphi receives no new bidders on assets, paving way for sale to buyout firm, GMJuly 11th, 2009 Delphi receives no new bidders on assetsNEW YORK — Auto parts maker Delphi Corp. says a deadline has passed with no further bidders on its business, paving the way for a sale to a California private-equity firm and General Motors Corp.
Delphi defends sale to Platinum, says it has been open to buyers since entering bankruptcyJune 25th, 2009 Delphi defends asset sale to private-equity firmNEW YORK — Auto parts maker Delphi Corp. defended the sale of a portion of its assets to a private equity firm on Thursday, saying it has been open to other buyers since it first entered bankruptcy protection four years ago.
KKR & Co. withdraws IPO registration statement from SEC; seeks buyout of EuropeanJune 24th, 2009 KKR & Co. withdraws plans for IPO after 2 yearsNEW YORK — Private equity firm Kohlberg Kravis Roberts & Co. withdrew its two-year-old plans for an initial public offering on Wednesday.
Continental Airlines CEO says business travelers hold key to airline industry recoveryJune 11th, 2009 Continental CEO says business travelers hold keyDALLAS — Continental Airlines Inc. is pressing its corporate customers to step up their travel because business traffic holds the key to recovery in the slumping airline industry, Chief Executive Larry Kellner said Thursday.
Dubai port operator DP World talking with investment firm about possible minority stake saleMay 10th, 2009 Dubai's DP World in talks with private equity firmDUBAI, United Arab Emirates — Port operator DP World, one of Dubai's most global companies, said Sunday it is in talks to possibly sell a minority stake in itself to a Middle East private equity firm. A successful deal could provide a significant boost to DP World and its battered shares, which have tumbled more than 70 percent since they were floated in late 2007.
3 days after acquisition by private equity firm, San Diego Union-Tribune cuts 192 jobsMay 8th, 2009 San Diego Union-Tribune cuts 192 jobsSAN DIEGO — The San Diego Union-Tribune is cutting 192 jobs in another round of layoffs affecting all departments at the newspaper. The Union-Tribune said Thursday the layoffs amount to about 18 percent of its staff, which will be reduced to about 850 workers after the cuts become effective July 6.
Continental posts loss, AirTran turns a profit in first quarter despite travel slumpApril 22nd, 2009 Continental posts loss, AirTran makes profit in 1QDALLAS — Continental Airlines Inc. posted a smaller loss than expected and AirTran reported a profit as falling fuel prices helped offset a sharp downturn in travel during the first quarter.
India Equity Partners eyeing buyout of small firmsFebruary 8th, 2009 KOLKATA - Private equity firm India Equity Partners is in talks with cash-strapped business houses to buy out some of their smaller group companies, a top company official said here Monday. Co-founder and managing director Gaurav Mathur said several business, which are finding it increasingly difficult to raise funds for core operations, are now willing to sell off majority stake in some group companies.
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