Excerpts: “Zell, Ex-Tribune Execs Reach $200M Leveraged Buyout Deal” Sam Zell, the real estate mogul, and other former officers and directors of Tribune Co. have agreed to a $200 million settlement that resolves allegations of fraudulent transactions related to the company’s 2007 leveraged buyout. Some 50 individuals including former CEO Dennis FitzSimons are parties to […]
Steve Baronoff
Excerpts: KinderCare Learning Centers, Inc. Following a rapid rise to prominence in the 1970s, the company began to diversify, incurring significant debt along the way that prompted its 1992 filing for bankruptcy. In April 1993, however, KinderCare emerged from bankruptcy and looked forward to renewed success, focusing on filling the specific needs of niche markets,
Excerpt: Bennington College John Sheldon ’77: President of First Beverage Financial and leading investment banker who has honed his expertise in mergers and acquisitions, divestitures, restructurings, and strategic partnerships in top positions at Peter J. Solomon & Company, Lazard, and Goldman Sachs Source: Bennington College
Robert H.B. Baldwin, Transformer of Morgan Stanley, Dies at 95
Excerpts: “Robert H.B. Baldwin, Transformer of Morgan Stanley, Dies at 95” Robert H.B. Baldwin, a Wall Street maverick who presided over the transformation of Morgan Stanley from a prestigious but staid old investment bank into a modern, competitive financial services corporation in the 1970s and early ’80s, died on Sunday at a nursing home in
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Excerpts: “Memorial Remarks for Robert Pirie.” Bob Pirie and I met only five or six times a year, even more rarely for one-on-one conversations. Yet he was a friend of a very special kind—ever more important during the summing up phase of my life. We go through life, it has been said, looking for hidden
Baronoff v. Kean Dev. Co
Excerpts: Baronoff v. Kean Dev. Co Steven Baronoff and Mindy Baronoff, petitioners v. Kean Development Company, Inc. and American Arbitration Association, respondents On June 11, 2004, petitioners entered into a construction management agreement with respondent Kean Development Company, Inc., in which Kean agreed to manage and direct the renovation of petitioners’ residence in Lloyd Harbor.
Excerpts: KKR gets $1B for KinderCare New York leveraged buyout house Kohlberg Kravis Roberts & Co. has struck a deal to sell childcare center operator KinderCare Learning Centers Inc. to a subsidiary of Michael Milken’s and Larry Ellison’s Knowledge Universe Inc. for $1.04 billion in cash and assumed debt. KKR, which took control of KinderCare
Excerpts: “KKR Strikes (Gold) Again.” Legendary leveraged-buyout (LBO) firm Kohlberg Kravis Roberts struck gold on Friday, as a company in which it owns nearly an 80% interest, child-care and preschool operator KinderCare (OTC BB: KDCR.OB), announced it will be acquired by privately held Knowledge Learning in a transaction set to close before the end of
Excerpt: SocGen forms joint venture with Bannon Further expanding its presence in the U.S. investment banking arena, Societe Generale, U.S.A. has teamed up with the West Coast boutique Bannon & Co. in a joint venture to go after the media, entertainment and communications market. A supervisory committee has been created to oversee the venture. The
Excerpts: Kohlberg Kravis Will Buy Kindercare for $467 Million Kohlberg Kravis Roberts & Company said yesterday that it had agreed to buy Kindercare Learning Centers Inc., the nation’s largest preschool and child care company, for approximately $467 million, or $20.25 a share. Kohlberg Kravis made the announcement along with Kindercare and Oaktree Capital Management L.L.C.,