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In all, the terms represent a $2-a-unit improvement on the consortium's first buyout offer, made in February.
And Mr. Murdock's advisers — the law firm Paul, Hastings, Janofsky & Walker and Deutsche Bank — played the same roles in the first buyout.
KKR began looking for bigger prey and in 1979 bought Houdaille, a car and aircraft equipment manufacturer, for $370m, the first buyout of a New York Stock Exchange listed company.
In 1975, just as the leveraged-buyout industry was beginning to emerge, Mr. Forstmann joined Kohlberg Kravis Roberts & Company, one of the first buyout firms and his future rival.
First Reserve launched its first buyout fund in 1992.
First buyout 1977: Atlas Architectural Metals for $4 million, sold 6 years later for $16 million.
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Some of the first buyouts were even more lucrative.
Abraaj Capital, his Dubai-based private equity firm, made one of its first buyouts in the aftermath of the 9/11 terrorist attacks, acquiring Aramex, a Jordanian express mail company that traded in New York.
It has finished raising capital for its sixth buyout fund and is raising money for its seventh real estate fund.
Though Simon took the Sun's second buyout offer, he still misses breaking news, his wife says.
TA Associates Ltd. has closed its tenth buyout fund at its $3.5 billion cap, after seeing over $8 billion in interest.
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