Archives

U.S. Treasury Secretary Timothy Geithner Interview on CNBC – Part 1

CNBC interviews U.S. Treasury Secretary Timothy Geithner discussing his plan to deal with financial institutions and toxic assets that aired on March 23, 2009.   This is part 1 of 2 sections of the interview and the length of the video is 6:20.

U.S. President Barack Obama Interview on 60 Minutes – Part 2

CBS News’ 60 Minutes, an award-winning American investigative television newsmagazine, interviews U.S. President Barack Obama discussing his daily routine, adjusting to life as the 44th U.S. President that aired on March 22, 2009.   This is part 2 of 2 sections of the interview and the length of the video is 7:37.

U.S. President Barack Obama Interview on 60 Minutes – Part 1

CBS News’ 60 Minutes, an award-winning American investigative television newsmagazine, interviews U.S. President Barack Obama discussing AIG bonuses, Treasury Secretary Timothy Geithner, Wall Street, the U.S. recession, financing of the U.S. recovery, Afghanistan, Guantanamo Bay and Vice President Dick Cheney that aired on March 22, 2009.   This is part 1 of 2 sections of the interview and the length of the video is 20:36.

Investment bank Calyon interview discussing the current challenges in private equity

CNBC interview on March 18, 2009 with Michael Sheren, Head of Leveraged Trading and Syndication and Managing Director of Calyon Corporate & Investment Bank, discussing the following topics:

  • Distress in the market related to private equity
  • Private equity restructurings of portfolio companies
  • Stress debt and debt covenants

Calyon Corporate & Investment Bank
Calyon is the Corporate and Investment Banking arm of the Crédit Agricole Group, the world’s seventh-largest and Europe’s third largest bank on the basis of Tier 1 capital.  With more than 13,000 employees in 57 countries, Calyon offers its clients a comprehensive range of products and services in capital markets, brokerage, investment banking, structured finance, corporate banking and international private banking.

US Federal Reserve Chairman Ben Bernanke Interview on 60 Minutes – Part 2

CBS News’ 60 Minutes, an American investigative television newsmagazine, does an interview with Ben Bernanke, Chairman of the Federal Reserve, discussing his personal life, the financial crisis impact on Main Street America, regulation, and working towards an economic recovery that aired on March 15, 2009.   This is part 2 of 2 sections of the interview.

US Federal Reserve Chairman Ben Bernanke Interview on 60 Minutes – Part 1

CBS News’ 60 Minutes, an American investigative television newsmagazine, does an interview with Ben Bernanke, Chairman of the Federal Reserve, discussing what happened to the U.S. economy that aired on March 15, 2009.   This is part 1 of 2 sections of the interview.


Indonesian Private Equity Saratoga Capital Interview

CNBC interview on March 5, 2009 with Sandiaga Uno, CEO of Saratoga Capital, which covers the following topics:

  • Difference in the Asian financial crisis and today’s financial crisis
    • Less than 30% of Indonesia’s GDP is export-related
  • Investment opportunities and timing given the financial crisis
  • Challenges of private equity due to credit crisis
  • Sector opportunities

About Saratoga Capital

Saratoga Capital is an Indonesian-based private equity firm established in 1998 by Edwin Soeryadjaya and Sandiaga Uno.  The firm targets investment opportunities in Southeast Asia, primarily in Indonesia, in natural resources, infrastructure and distressed buyout opportunities.

Private Equity THL Partners Interview

CNBC interview on March 5, 2009 with Scott Sperling, THL Partners Co-President, in which covers the following topics:

  • Private equity investment writedowns and FAS 157
  • No distributions
  • Leverage multiples, risk expectations, lack of buying opportunities
  • Economy and over-leverage of consumers and corporation

About Thomas H. Lee (THL) Partners

Thomas H. Lee (THL) Partners is one of the oldest private equity investment firms in the United States. Since its establishment in 1974, THL has raised approximately $22 billion of equity capital, invested in more than 100 businesses with an aggregate purchase price of more than $125 billion and completed over 200 add-on transactions.  Notable transactions sponsored by THL include Aramark, Ceridian, Dunkin’ Brands, Experian, Fidelity National Information Services, Grupo ONO, HomeSide Lending, Houghton Mifflin, Michael Foods, The Nielsen Company, Nortek, ProSiebenSat.1, Simmons Bedding Company, Snapple, Univision, Warner Chilcott, Warner Music Group and West Corporation.

Private Equity The Jordan Company Interview

CNBC interview on March 5, 2009 with Jay Jordan, Chairman and Managing Principal of The Jordan Company, in which covers the following topics:

  • U.S. stimulus package impact on private equity portfolios and economy
  • Increase of taxes on private equity’s carried interest and its impact
  • Current credit markets for private equity deals

About The Jordan Company

The Jordan Company, founded in 1982, is a leading middle-market private equity firm with approximately $6 billion of assets under management. The Jordan Company and its affiliates have completed over 90 investments and targets middle-market companies with enterprise values between $100 million and $2.0 billion. Headquartered in New York, The Jordan Company also has offices in Chicago and Shanghai.

Private Equity Bain Capital Interview

CNBC interview on March 4, 2009 with Stephen Pagliuca, Managing Director of Bain Capital, which covers the following topics:

  • U.S. market bottom and S&P price earnings ratio
  • Boston Celtics and sports industry in the troubled economy
  • Private equity investment valuations, writedowns and FAS 157 application on long-term versus short-term assets
  • Leveraged buyout debt writedown potential and characteristics of the such debt
  • Asset prices in connection with instability of the economy
  • Financial bailout, bank stabilization, stimulus package and U.S. government intervention
  • Buyout activity in 2008 and expectations in the future

About Bain Capital

Established in 1984, Bain Capital is one of the world’s leading private investment firms managing approximately $75 billion in assets under management. Bain Capital’s affiliated advisors make private equity, public equity, leveraged debt asset, venture capital, and global macro asset investments across multiple sectors and industries.

Inside Look – Private Equity Profit – Bloomberg

This is a video that discusses some of the basics of private equity and recent private equity trends such as TPG’s announcement of cutting back its fund for distressed investing and some limited partner investors in private equity having liquidity challenges given the current market environment.

Private equity Carlyle Group’s Co-Founder David Rubenstein interview discussing the outlook of private equity at World Economic Forum in Davos

David Rubenstein, Co-Founder and Managing Director of The Carlyle Group, is interviewed on Bloomberg at the World Economic Forum in Davos and discusses the outlook for private equity, lending environment, regulation and other matters. The video aired on January 30, 2009 and the length of the video is 8:18.

About The Carlyle Group

Founded in 1987, The Carlyle Group is one of the world’s largest private equity firms with more than $85.5 billion under management. The firm has 66 funds across four investment disciplines (buyouts, growth capital, real estate and leveraged finance) and over 480 investment professionals operating out of offices in 20 countries in North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America.

Read More »

Private equity interview with Blackstone’s Stephen Schwarzman

CNBC interview on January 28, 2009 with Stephen Schwarzman, Chairman and CEO of The Blackstone Group, covering the following topics:

  • Where we are in the global economic slowdown
  • Does it get worse before it gets better
    • Unemployment will clearly get worse; first 6 to 9 months of 2009 will be challenging
  • What happened
    • Excess and increase in borrowing was spread into virtually every asset class
    • Needed someone to assess the risk in the system
    • Regulators not pushing the envelope to learn risks
  • Leverage needed in the system
    • History shows that a certain amount of leverage is good
    • Lost balance of looking at history and the correcting the balance
  • What is the leverage balance; how do banks lend and raise capital simultaneously
    • Banks cannot have more equity without raising it from outside
    • Hard to increase capital while losing money
    • Needs to be revolved at the regulatory level
  • Expectations on recovery
    • Central banks are doing extremely interesting things
    • Need to clean out balance sheets to increase confidence
    • Need to address pro-cyclicality of fair value accounting
  • Any improvements in the credit markets
    • Markets need to adjust to the new lows for unemployment and earning levels to establish optimisms before real lending restarts
  • How Schwarzman is responding to the slowdown
    • In a good position because it manages long-term capital to buy and hold assets for the long-term
    • Once in a generation opportunity to buy low-priced assets
    • Looking to buy companies at 4x to 5x with 1:1 leverage with economic recovery for returns of 3x to 5x on invested capital
    • Historically, biggest returns in buyout business come in a recession
    • Existing assets are adversely affected and tried to concentrate on acquiring non-cyclical companies in the past few years
    • Better served by selling cyclical companies
  • Areas of value and opportunity
    • Leveraged loans that are $0.60 to $0.65 to the dollar
    • Senior levels of CMBS
    • Acquiring companies to buy and combining with existing ones
    • Finding selected non-cyclical companies

About The Blackstone Group

The Blackstone Group, founded in 1985 by industry veterans Peter Peterson and Stephen Schwarzman, is a leading global alternative asset manager and provider of financial advisory services listed on the New York Stock Exchange (NYSE: BX) with total fee-earnings assets under management of $91.0 billion as of December 31, 2008.

Bain & Company’s Sri Rajan: The Value of Private Equity

This is a video discussing the impact of the US downturn on private equity in India by Sri Rajan, Partner and Head of Bain & Company’s Private Equity practice in India.

Private equity Blackstone Group Co-Founder Stephen Schwarzman speaks about leadership and other business issues at Harvard University

Stephen Schwarzman, Chairman, CEO and Co-Founder of The Blackstone Group, speaks to a group of students at Harvard University’s John F. Kennedy School of Government about leadership and other business issues with a questions and answers session.  The video was published on July 29, 2008 and the length of the video is 59:31.

About The Blackstone Group

Founded in 1985, The Blackstone Group is one of the world’s leading investment and advisory firms.  The firm’s alternative asset management businesses include the management of corporate private equity funds, real estate funds, funds of hedge funds, credit-oriented funds, collateralized loan obligation vehicles (CLOs) and closed-end mutual funds. The Blackstone Group also provides various financial advisory services, including mergers and acquisitions advisory, restructuring and reorganization advisory and fund placement services.  The firm has over 500 investment professionals in offices in New York, Atlanta, Beijing, Boston, Chicago, Dallas, Hong Kong, Houston, London, Los Angeles, Menlo Park, Mumbai, Paris, San Francisco, and Tokyo.

Read More »

Page 4 of 41234