Investment Criteria
Trend of Participation in Larger Deals
- On Dec. 21, 2005, Ford Motor Company announced it had completed the sale of The Hertz Corporation to an investor group composed of Clayton Dubilier & Rice, The Carlyle Group and Merrill Lynch Global Private Equity in a transaction valued at approximately $15 billion including debt.
- On December 12, 2005, a consortium of Bain Capital, The Carlyle Group and Thomas H. Lee Partners said they reached a deal to buy fast food franchiser Dunkin' Brands, Inc. from French beverage company Pernod Ricard S.A. for $2.43 billion in cash.
- On December 1, 2005, a trio of private-equity firms consisting of the Blackstone Group, Providence Equity Partners Inc. and Kohlberg Kravis Roberts & Co. announced it has formed an alliance to examine purchasing newspaper publisher Knight Ridder Inc., which owns the Miami Herald, the Philadelphia Inquirer and 30 other daily newspapers.
- General Motors Corp. reached a definitive agreement to sell its Electro-Motive Division ("EMD") to an investor group led by Greenbriar Equity Group LLC and Berkshire Partners LLC in a deal expected to close in late 2005.
- Hicks Muse, TD Capital, and CIBC Capital Partners acquired Canadian cable company, Persona, the country's 6th largest, for $406 million in July of 2004.
- Texas Pacific Group and Warburg Pincus LLC acquired Neiman Marcus Group, Inc. for $5.1 billion in May of 2005.
- KKR, Five Mile Capital Partners, and Goldman Sachs Capital Partners announced in August 2005 that they had reached a definitive agreement with General Motors Acceptance Corporation ("GMAC"), the financial services subsidiary of General Motors Corporation, to acquire a 60 percent equity interest in its commercial mortgage subsidiary, GMAC Commercial Holding Corp.
Trend
