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National Financial Partners to go private in $1.3 billion deal

Wealth management company National Financial Partners said it agreed to be bought by private equity investment firm Madison Dearborn Partners LLC for about $1.3 billion, including convertible debt.

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Found 1 month ago on channel Reuters

When Is It a Good Idea For a Company To Take On Debt?

Question: When is it good for a company to issue debt? — Submitted by ?@JuniorBurgos Answer: Finance can seem like a dizzyingly complex discipline full of dense concepts and esoteric jargon. But the field is founded upon — and mostly consists of — a few simple concepts. One example is that there are basically two ways to fund a business, assuming the owner doesn’t have enough money on hand: By selling ownership stakes in the company (otherwise known as equity), or by taking out debt. So how does a company decide whether to fund itself with equity or debt? Big-name CFOs get paid tons of money to make that determination, and each industry and company is different, but each form of financing generally has its own pros and cons. When you take out debt — whether by borrowing money from a bank or issuing bonds to the public — there are three clear results: 1) You’ll owe the lender or lenders a fixed amount of money at predetermined dates; 2) your interest expenses are tax deductible; ...

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Found 1 month ago on channel TIME Business

MENA asset managers displaying “risk-on” attitude

Research: QFC Authority’s MENA Asset Management Barometer predicts high note for GCC equity markets in 2013

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Found 1 month ago on channel Asia Asset Management

Exclusive: TPG, Madison Dearborn final bidders for NFP - sources

NEW YORK - Private equity firms TPG Capital and Madison Dearborn Partners are the two finalists bidding for National Financial Partners , a New York-based wealth management company with a market value of nearly $900 million, people familiar with the matter said.

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Found 1 month ago on channel Reuters

Exclusive: Cerberus seeks to bankroll investor landlords

NEW YORK - Private equity firm Cerberus Capital Management wants to provide financing to small investment firms that are buying foreclosed homes as part of a long-term bullish bet on the housing recovery, according to four sources familiar with the situation.

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Found 1 month ago on channel Reuters