NEW YORK -- While the recent global credit market crunch continues to cast doubts over big private-equity buyouts, interest in venture fundings of small up-and-comers seems to remain unaffected.
In reporting the firm's first quarterly results since becoming a publicly traded firm, management at private-equity powerhouse Blackstone Group Lp. said Monday that in the current market, finding and financing new deals, especially big ones, has become more difficult. However, president and COO Hamilton "Tony" James Said that Blackstone has "very few hung deals," and sellers seem to have started accepting lower buyout prices in a potential positive development.
Brass at Blackstone -- an investor in the Nielsen Co., corporate parent of The Hollywood Reporter -- also pointed to smaller U.S. deals and buyouts in Europe and Asia as key opportunities in the current marketplace. They didn't specifically discuss media and entertainment deals.
Meanwhile, Batanga, an Internet portal for so-called new-generation Latinos who are bilingual and bicultural, unveiled a $30 million financing Monday led by Tudor Ventures as well as existing investor HIG Ventures.
In reporting the firm's first quarterly results since becoming a publicly traded firm, management at private-equity powerhouse Blackstone Group Lp. said Monday that in the current market, finding and financing new deals, especially big ones, has become more difficult. However, president and COO Hamilton "Tony" James Said that Blackstone has "very few hung deals," and sellers seem to have started accepting lower buyout prices in a potential positive development.
Brass at Blackstone -- an investor in the Nielsen Co., corporate parent of The Hollywood Reporter -- also pointed to smaller U.S. deals and buyouts in Europe and Asia as key opportunities in the current marketplace. They didn't specifically discuss media and entertainment deals.
Meanwhile, Batanga, an Internet portal for so-called new-generation Latinos who are bilingual and bicultural, unveiled a $30 million financing Monday led by Tudor Ventures as well as existing investor HIG Ventures.
- 8/14/2007
- The Hollywood Reporter - Movie News
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