Topic: Megan Davies

KKR earnings down 27 percent, miss estimates

NEW YORK (Reuters) - Private equity firm KKR & Co reported lower-than-expected second-quarter earnings on Wednesday as investment income declined, sending its shares down 4.5 in early trading.Economic net income (ENI), a measure used by private equity firms to report earnings, was ...
Terrestar Networks Inc TSTRT. UL said it has received a $1.375 billion cash bid from billionaire Charlie Ergen's Dish Network Corp DISH. O to buy...

Dish Network offers $1.38 billion for Terrestar

NEW YORK (Reuters) - Terrestar Networks Inc said it has received a $1.375 billion cash bid from billionaire Charlie Ergen's Dish Network Corp to buy the telecommunications company's assets through a bankruptcy auction, court papers show.Ergen, who also controls ...

Exclusive: Terrestar nears $1.2 billion-plus bid pact: sources

NEW YORK (Reuters) - Bankrupt telecommunications company Terrestar Networks Inc is nearing a minimum bid agreement of $1.2 billion to $1.4 billion and is likely to go with an offer from billionaire Charlie Ergen, chairman of Dish Network Corp , according to ...

TPG agrees to sell minority stake: source

NEW YORK (Reuters) - Private equity firm TPG Capital has agreed to sell a minority stake in itself to two sovereign wealth funds, the Kuwait Investment Authority and the Government of Singapore Investment Corp, a source familiar with the situation said on Friday ...

BankUnited to file for an IPO this week: source

NEW YORK (Reuters) - BankUnited, a collapsed Florida bank acquired last year by private-equity firms, is expected to file for an initial public offering this week, a person familiar with the situation said on Monday.The source was not authorized to speak publicly ...

Small is beautiful for buyout returns

NEW YORK (Reuters) - Mega buyout funds have been a bad bet over the past year, generating the worst returns when compared with small and mid-market funds, a study by research firm Preqin said on Tuesday.Funds larger than $4.5 billion made ...

Modern life is hard work

The title Work, Rest & Play has connotations of a certain chocolate bar, and this exhibition is definitely fun-sized. Paintings by Paul Gauguin and David Teniers the Younger reveal work and rest determined by the land and seasonal cycles, while London-based Thomas Gainsborough ...