Jeffrey Goldfarb is the U.S. Editor of Breakingviews. Based in New York, he coordinates coverage in the region, while frequently writing about Wall Street, private equity, M&A and the media and tech industries. Before becoming a columnist in 2007, he covered banking, mergers, international trade, healthcare and the internet for Reuters and BNA. From London, Jeffrey led the European corporate finance team for Reuters and coverage of the continent's media sector. He has a master's in journalism from Columbia University and a bachelor's degree in finance from The George Washington University. Follow Jeffrey on Twitter @jgfarb
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Carlyle and Apollo found more to sell than buy in the second quarter, a pattern becoming hard to break. Along with Blackstone, KKR and others, global LBO shops have almost $500 bln to invest. As corporate buyers keep winning deals, private equity’s fuse may get short.
Rubicon, whose techie model threatens to rattle the $48 bln U.S. rubbish industry, is close to a fresh $50 mln injection and just added Uber’s former CFO to its board. If dominant operators like Waste Management and Republic Services aren’t flexible, their new rival may clean up.
Blank-check vehicles have often brought financial misadventure. The latest quest for success is the acquisition of Lindblad, a National Geographic-linked operator of cruises to the Galapagos and Antarctica. New terms and investors suggest so-called SPACs are worth revisiting.
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- Apple marching to the drum of its own Beats
- KKR pioneers dubious sort of private equity deal
- Williams may get too twisted avoiding complexity
- Mega-rejections signal M&A's Taylor Swift moment
- Comcast founder leaves behind dual-class legacy