The biggest year for collateralized loan obligations since 2007 is being propped up by deals managed by Blackstone Group LP and Carlyle Group LP, which started funds that pledge to boost interest rates to entice buyers.
As Energy Future Holdings Corp.’s board met last month to plan for bankruptcy, representatives of every influential creditor from Apollo Global Management LLC to Oaktree Capital Group LLC filed into a New York law office, except one.
Murray Goulburn Cooperative Co., which is part of a three-way bidding contest for Warrnambool Cheese & Butter Factory Co., appointed advisers to set up a fund to sell shares to equity investors for the first time.
Daniel Loeb, the activist investor who has pushed for change at companies including Sony Corp., said his Third Point LLC has taken a stake in FedEx Corp., operator of the world’s largest cargo airline.
Riverbed Technology Inc., the computer-networking company being pressured by an activist fund to increase shareholder value, is working with Goldman Sachs Group Inc. to help it study strategic options, people with knowledge of the situation said.