Steve Klinsky founded New Mountain Capital in January, 2000 in New York. New Mountain’s first private equity fund was Mountain Partners, LP, with assets valued at $770 million. During the ensuing years Klinsky created two additional private equity funds; New Mountain Partners II, which was launched with $1.55 billion beginning in January 2005; and New… Continue Reading
The third-largest bank in Japan has consented to acquiring WestLB AG’s Brazil wing in an effort to reduce demand for infrastructure-focused financing. Though Mizuho Financial Group has not yet revealed the terms of the transaction, their website states that the purchase is still waiting on regulatory approval. Business Week explains that Banco WestLB AG Brazil… Continue Reading
As the uproar from its recent IPO dies down, Facebook is facing some fresh challenges. For one, the IPO did not advance as well as planned, with the FB stocks already sliding in the market. Though analysts maintain positive outlooks for the stock’s long-term ratings, investors are generally concerned about the company’s ability to continue… Continue Reading
Tesla Motors has a mission: to prove to the world, and especially to consumers, that fully electric cars can compete today in the huge US automobile market, and be fun. cool and awesome, too. Elon Musk, co-founder of PayPal, helped Tesla Motors get started in 2004 with an initial investment of $6.3 million. As a… Continue Reading
IHS iSuppli, the market research company, recently announced the Netflix has pushed past Apple to become the leading online movie provider in the United States. Back in 2011, Netflix’s market share rose to 44%, from less than 1% only a year before. Apple, on the other hand, recorded a major loss, falling to 32.2% from… Continue Reading
Now that the much anticipated Facebook IPO is behind us it is possible to discuss where Facebook might be heading in the years to come. Many countries already have Facebook penetration at near or greater than 50 percent, including the United States, Britain, Canada, Australia, Malaysia and others; making it likely that growth in these… Continue Reading
Devon Energy ranked 28 among the best companies to work for in the US, it also ranks quite high among the country’s top-paying firms. The average salary for an engineer on staff at Devon is $178,305, giving it the distinction of ranking 6th among the country’s top-paying firms. Devon Energy has 2.9 billion barrels of… Continue Reading
One of the largest financial management companies in the world, Deloitte is headquartered in New York and offers financial services including audits, consulting, risk management, financial advisory and tax services from its many branches and subsidiaries around the US and around the world. Deloitte and the companies associated with it are dedicated to observing only… Continue Reading
Facebook’s IPO is already expected to be the largest in history, and the internet company has just revealed that it is expanding its initial public offering even more. As the most popular online social network, Facebook has upped the stock price range from $28-$35 to $34-$38 per share. The sale may raise as much as… Continue Reading
According to Inmarsat Plc., the company’s quarterly core earnings increased as a result of its maritime unit. “Subscriber growth of over 10 percent in the first quarter continues to underpin our expectations for improved results in 2012,” said Rupert Pearce, Chief Executive. This year’s first quarter proved beneficial for the mobile satellite company, with core… Continue Reading