No one should be surprised that an investment firm seeks to maximize its profitability.
In a rights issue, a firm seeks extra funds from its investors in proportion to their current shareholding.
Quadrangle's moves come as the firm seeks to move on from its involvement in a kickback scheme involving the New York state pension fund.
The Carlyle Group said Friday that it had bought Cogentrix Energy's North American power plants from Goldman Sachs, as the private equity firm seeks to build up a presence in the energy business.
Merrill Lynch is in negotiations to sell its 20percentt stake in Bloomberg L.P., the financial data and news company founded by Mayor Michael R. Bloomberg, as the firm seeks to raise still more capital, people involved in the talks said Friday.
It describes a job opening at an unidentified firm with a very healthy ego: Manhattan's most prestigious Private Equity firm seeks an Accountant from the Big 4 with 2 to 3 years of experience for a career-making, ground floor opportunity — excellent base salary plus outstanding bonus.
