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Source: www.miamiherald.com --- 38 days ago
The Detroit Tigers have recalled right-handed pitcher Chris Lambert and lefty Clay Rapada from Triple-A Toledo and purchased the contracts of catcher Dusty Ryan and infielder Mike Hessman from Toledo on Tuesday. ... Source: www.detnews.com --- 13 days ago
DETROIT -- Spring training is months away, but Jeremy Bonderman already has it on his mind. ... Source: www.fwicki.com --- 13 days ago
DETROIT -- Spring training is months away, but Jeremy Bonderman already has it on his mind. After missing most of this season, Bonderman can't wait to get 2009 started, and with hopes he'll be ready to pitch after requiring surgery to repair a blood ... ... Source: www.fwicki.com --- 13 days ago
TPG Inc. lost $1.3 billion with yesterday's seizure by regulators of Washington Mutual Inc. ... Source: dealbook.blogs.nytimes.com --- 12 days ago
David Bonderman’s reversal of fortune is hardly one of the most dramatic on Wall Street, but it is one of the most startling. When Mr. Bonderman, co-founder of the giant private equity firm TPG, engineered the firm’s $7 billion capital infusion to Washington Mutual, many of the bank’s shareholders protested what they thought was a sweetheart [...] ...
Source: www.nypost.com --- 15 days ago
David Bonderman must be steaming. In less than six months, the billionaire co-founder of TPG Capital has watched his firm's $2 billion investment in Washington Mutual steadily dwindle. WaMu is now desperately trying to sell itself or raise... ... Source: www.ft.com --- 14 days ago
When David Bonderman, co-founder of TPG, led a group that invested $7bn in Washington Mutual earlier this year, he was taking a page out of a playbook developed during the US savings and loan (S&L) crisis of the 1980s and 1990s ... Source: www.ft.com --- 94 days ago
The B&B deal was sold to TPG investors and to regulators as offering speed and certainty. But next time a chairman brings to the boardroom a deal signed D Bonderman, his fellow directors will need convincing that there really was no other choice ... Source: www.freep.com --- 38 days ago
Through Tuesday Quality starts: 63-138 (Miner 6-8, Galarraga 15-24, Rogers 14-28, Verlander 13-29, Bonderman 5-12, Bonine 2-5; Robertson 8-26, Lambert 0-2, Willis 0-4). ... Source: www.freep.com --- 10 days ago
"The one thing I might have done different — I would have not started him opening day. I definitely think that he felt he had to be the horse. When Bonderman went down he felt he had to be an even bigger horse. I just don't he think he was ready for that yet and in defense of him, he's not supposed to be ready that yet." ... Source: blog.mlive.com --- 24 days ago
The Detroit Tigers 2009 starting rotation is very much in flux as the Tigers end their 2008 campaign. Justin Verlander and Armando Galarraga are almost certain to return, but after that, it's a work-in-progress, with Jeremy Bonderman, Nate Robertson, Dontrelle... ...
Source: bstocksdev.weblogsinc.com --- 31 days ago
Filed under: Private equity , Washington Mutual (WM) , Blackstone Group L.P (BX) Lately, there have been signs that private equity powerhouses are getting push back from investors. Look at the Blackstone Group LP (NYSE: BX ). In the raise of its latest fund, California State Teachers' Retirement System (Calstrs) invested a mere $250 million. Keep in mind that the pension invested $1.7 billion in Blackstone's prior fund. However, not all private equity operators are having trouble. Take TPG Capital . The firm is apparently in the process of scooping up $30 billion (this is according to The Wall Street Journal ). In fact, about $20 billion will be allocated to TPG's leveraged buyout fund. Who said buyouts are dead? So why the optimism? Part of it is timing. After all, TPG started its capital raising process earlier. Another key reason is that TPG has a stunning track record. Since 1985, the internal rate of return is roughly 55% (yep, this is something to get investors excited about). TPG also has extensive experience with distressed investing. For example, the company's founder, David Bonderman, was the top dealmaker for Texan billionaire Robert Bass. During the late 1980s, he structured a variety of key deals that capitalized on the S&L debacle. And yes, TPG sees lots of opportunities in the current financial meltdown. True, the firm is underwater on its investment in Washington Mutual (NYSE: WM ). But TPG understands these kinds of in ...
Source: www.draysbay.com --- 15 days ago
Have you ever ran marathon? Have you ever ran a mile? The important concept in running is finishing strong. The Rays take on the Detroit Tigers in a best of four game set. The Tampa Bay Rays are getting set play in the playoffs. While the Detroit Tigers are getting set to watch the playoffs. Last time the Rays played the Tigers, this year, they swept the Detroit nine in a best of three game set in the beginning of Aug. The three game set which was made memorable by a Rodney melt down walking home Carlos Pena and a LL Cool J post game concert. Time Capsule: Last time the Rays played the Tigers in Detroit was for a four-game set in Aug 6-9 which the Rays tied the series taking two of the four games. You may remember that series as being the series where the Rays snapped their 8-game road losing streak. Below is the (Devil) Rays Box, check out the Josh Wilson sighting: Tampa Bay Devil Rays Hitters AB R H RBI BB SO LOB AVG A Iwamura 3B 5 2 2 0 0 0 1 .296 C Crawford LF 4 3 3 2 1 0 1 .316 B Upton CF 3 1 2 1 2 1 0 .327 C Pena 1B 5 0 0 0 0 4 7 .270 D Young RF 5 1 2 2 0 0 1 .297 G Norton DH 4 1 2 1 1 0 0 .202 B Zobrist SS 4 0 2 2 0 1 3 .179 J Wilson 2B 5 0 1 0 0 1 3 .279 J Paul C 3 0 0 0 0 0 1 .194 Totals 38 8 14 8 4 7 17 BATTING 2B: G Norton (3, J Bonderman); B Zobrist (2, J Bonderman); C Crawford 2 (29, J Bonderman, T Byrdak) 3B: A Iwamura (6, J Bonderman) HR: C Crawford (10, 5th inning off J Bonderman 1 on, 1 Out) RBI: D Young 2 (61), C ... Source: www.lasvegassun.com --- 24 days ago
NOW: It appears Harrah's is bowing out out of the Las Vegas sports arena business before the first TV timeout. A report in today's Sports Business Journal, citing inside sources, said Harrah's will no longer partner with arena developer AEG on a proposed 20,000-seat arena behind the Las Vegas Strip. The Journal said a group of investors including Hollywood producer Jerry Bruckheimer, MGM Studios CEO Harry Sloan and Wall Street financier David Bonderman would instead partner with AEG on the project that was announced in August 2007. The group's goal is to bring in an NHL expansion franchise to Las Vegas by October 2010. Don't be surprised if this news turns out to be much ado about nothing, at least as it applies to the local sports fan. In fact, it might even prove to be a positive development. According to the Sports Business Journal, NHL executives were concerned that if Harrah's remained as a partner, the other Strip properties might not want to support the $500 million project by purchasing suites and driving other business toward a casino rival. That's a legitimate concern. Remember the old Caesars Palace Grand Prix? Plus, Harrah's is having money problems. Insiders say it could still profit by allowing the arena to be built on the proposed site, where sports and concert fans would have easy access to its gaming tables and slot machines. Or Harrah's could even sell the land on which the arena would be built to the new partner ... Source: www.blessyouboys.com --- 16 days ago
We began the season by interviewing the Kansas City Star 's Sam Mellinger (the intro to which contained a quote that shall never again be uttered, one that Zappatista rightfully called me out on immediately, so with the Tigers and Royals facing each other for the final time this season, it seemed timely to bring things full circle. On rather short notice, Sam agreed to swap questions and answers via e-mail. (You can read my answers to his questions at Ball Star .) Thanks again to him for giving BYB the time. Topics include preseason predictions, surprises and disappointments, and a certain thrilling victory that I'm sure will be part of Mellinger family lore for decades to come. We'll make you laugh, we'll make you cry, and maybe - just maybe - we'll make you think a little bit, too. Bless You Boys: Okay, let's start off with some humble pie. You saw this thing with the Tigers coming, while I had my Tiger-striped blinders on. The inconsistency of Jeremy Bonderman, the failing health of Kenny Rogers, the utter suckitude of Dontrelle Willis. You told me so. But seriously, you still thought they'd finish ahead of the Royals, right? Sam Mellinger: Definitely. And you're also kind to ignore the fact that I thought the Indians would win the division. There are a million things to love about baseball, and your website is probably the wrong forum to write this, but one of them is that the second-highest payroll in baseball ... Source: www.bloggingbuyouts.com --- 31 days ago
Filed under: Texas Pacific Group , Public or private? Lately, there have been signs that private equity powerhouses are getting push back from investors. Look at the Blackstone Group LP (NYSE: BX ). In the raise of its latest fund, California State Teachers' Retirement System (Calstrs) invested a mere $250 million. Keep in mind that the pension invested $1.7 billion in Blackstone's prior fund. However, not all private equity operators are having trouble. Take TPG Capital . The firm is apparently in the process of scooping up $30 billion (this is according to The Wall Street Journal ). In fact, about $20 billion will be allocated to TPG's leveraged buyout fund. Who said buyouts are dead? So why the optimism? Part of it is timing. After all, TPG started its capital raising process earlier. Another key reason is that TPG has a stunning track record. Since 1985, the internal rate of return is roughly 55% (yep, this is something to get investors excited about). TPG also has extensive experience with distressed investing. For example, the company's founder, David Bonderman, was the top dealmaker for Texan billionaire Robert Bass. During the late 1980s, he structured a variety of key deals that capitalized on the S&L debacle. And yes, TPG sees lots of opportunities in the current financial meltdown. True, the firm is underwater on its investment in Washington Mutual (NYSE: WM ). But TPG understands these kinds of investments take time - ... Source: www.twinkietown.com --- 35 days ago
Pregame Home sweet home! A few days back in the comforts of Dome (HA, see what I did there?) is exactly what this team needs. It'd be good to see the Twins turn around and rattle off a few wins in a row, and it can all start tonight with Francisco Liriano . He was awesome in August, even if he was a bit unstable at times, but it's hard to complain about six starts, 36.2 innings, a 1.23 ERA, 29 strikeouts and just 26 hits. His fastball keeps getting better--while peaking at 92 his last time out and averaging roughly 89.48 mph on the game (which is pretty much identical to his last start before demotion back on April 24), he's locating it better, which enables him to use his slider and improved changeup to his advantage. And with the Tigers having their share of free swingers, Liriano might be able to tally some strikeouts tonight. Charged with keeping the Minnesota offense in check is now-familiar foe Armando Galarraga . We could talk about how good he's been in his last 10 starts, but let's just talk about how good he's been all year. In 24 starts he's allowed more than three earned runs just four times, and has gone at least seven innings in five of his last eight. So in a year that's been disappointing for the Tigers--from the state of the team to underwhelming performances from fellow starters Justin Verlander and Jeremy Bonderman --Galarraga has been a bright spot and a glimmer of hope for next season. At just 26, the ... Find more results for Bonderman on RSSMicro.com |
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In an industry well-known for wild ideas, here’s one of the zanier ones I’ve heard in weeks: A new trans-Atlantic, budget airline. Or so says Ryanair ( RYAAY ) CEO Michael O’Leary (right), according to a story today in The Guardian newspaper. O’Leary’s rationale, if that is the correct word to use, goes like this: The global economy is in free fall, Boeing ( BA ) and Airbus ( EADS ) will soon see long-haul jet order cancellations as a result, and a new player can swoop in and buy those on the cheap. Then, owing to at least one airline failure in the U.K. and two on the Continent, reduced capacity would help the new entrant succeed where the former Zoom Airlines did not. Oil has eased from $147 per barrel to around $87. The new airline would use secondary airports in major European cities, and Long Island as the carrier’s New York base. O’Leary said the thing could be flying in three years, although he pointedly noted to the newspaper that while he may invest he would not run it. Another large Ryanair investor and board member, TPG's David Bonderman, declined to comment on the subject to BusinessWeek. It's hard to say if this is the notorious airline maverick musing aloud as a means to gauge capital market reaction, or a serious notion. Either way, like I said – wild. ...
Filed under: Washington Mutual (WM) Back in the 1990s, Washington Mutual, Inc. (NYSE: WM ) was a big home run for the founder of TPG, David Bonderman. So, when he structured a $7 billion capital raise for the company in April, it seemed like a sign that the smart money had some keen insight, right? However, in today's wacky market, nothing seems to work out. For example, TPG's investment price was $8.75 per share. Keep in mind that this was a 33% discount to the current market price (there were also warrants to purchase 57.1 million more shares at $10.06 each). What's more, TPG was savvy enough to negotiate a juicy anti-dilution clause; that is, if Wamu's stock price fell, the fund would get more shares. The problem: with the plunge in Wamu's stock (to $2.12 per share), there will be a deluge of more shares to hit the market. Well, according to a piece in the NY Times, it looks like TPG is going to forgo the antidilution clause (assuming the company needs to raise more capital, which seems like a good bet). Unfortunately, this is yet another sign of the rapid deterioration of the financial sector - and how the so-called "smart money" can get things very wrong. Tom Taulli is the author of various books, including The Complete M&A Handbook and The Edgar Online Guide to Decoding Financial Statements . He is also the founder of BizEquity , a valuation website Permalink | Email this | Comments ...