KKR, Bain Set Up Severance Fund For Toys ‘R’ Us Workers
Two hedge funds have declined to participate in the compensation of the former retailers' U.S. workers.
Unilever Sells Spreads Business to KKR for $8B
The business has been in decline as consumers turn to natural fats such as butter but KKR believes it has "a firm foundation for future growth."
Toys R Us Files Bankruptcy With $5B in Debt
The retailer calls its filing the "dawn of a new era" but admits the timing "could not have been worse" with the holiday season looming.
Payless Probing Dividend Payments to PE Firms
The bankrupt retailer's investigation could result in legal claims against the firms that acquired it in a 2012 leveraged buyout.
iHeartMedia Issues ‘Going Concern’ Warning
The parent of iHeartRadio is in talks with lenders on a plan to relieve its $20 billion debt burden from a 2008 leveraged buyout.
Symantec Agrees to Accept $1B Less for Veritas
The new agreement will boost the equity portion of the deal to 40% from 33%.
LBOs Face Their Day of Reckoning
With the Energy Future Holdings bankruptcy, leveraged buyouts now represent 31 percent of all bond and institutional loan defaults since 2007.
Dell CFO Brian Gladden Resigns, Eyes a CEO Chair
The move comes five-plus years after his arrival at the company and three months after the completion of its contentious LBO.