> Sam wrote: > What about the Martha Stewarts that have empires to run and brokers to > make sure they stay rich. If you have money the market can be a full > time job keeping up. >
BTW, here's an example: (1.) The [UK] Ministry of Defence is to sell half its shareholding in QinetiQ as part of the flotation of the technology group, which is set to be unveiled this week. The Government stake will be cut from 56 per cent to below 30 per cent, bringing in up to £300m, while the US private equity fund Carlyle Group will cut its holding from about 34 per cent to 17 per cent, making about £180m. (2.) LONDON (AFX) - Investment fund Carlyle Group said it and French aerospace and marine components maker Zodiac SA agreed to jointly acquire 100 pct of Water Pik Technologies Inc, a US pool products and electric toothbrush manufacturer, for 380 mln usd. ------------------------------------------------ Wealthy investors put up the cash for these buy-out firms. Example: ------------------------------------------------ Mason Wells will announce today it has raised $300 million for a buyout fund that will invest in medium-size, private companies in the Upper Midwest. The new offering, Mason Wells Buyout Fund II, is the biggest private equity fund ever raised in Wisconsin, said Emily Mendell, vice president of strategic affairs for the National Venture Capital Association in Arlington, Va. The next biggest funds were Mason Wells Buyout Fund I, which raised $175 million in 1998, and Baird Capital Partners III, which raised $175 million in 2000, Mendell said. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Message: http://www.houseoffusion.com/lists.cfm/link=i:5:194413 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
