Lisa Baker


Lisa Baker News

  • Caesars Creditor Arrowgrass Said to Weigh Options With Firm

    Arrowgrass Capital Partners LLP, a $4.5 billion hedge fund that owns secured bonds of Caesars Entertainment Corp., is in talks with law firm Brown Rudnick LLP exploring whether those securities have a more senior claim than others on cash from asset sales, said two people with direct knowledge of the matter.

  • J. Crew Bonds Show IPO Odds Vanishing With Profits

    The bonds J. Crew Group Inc. sold last year to finance a dividend for its private-equity owners are indicating diminished odds that the retailer will explore a stock sale anytime soon.

  • TPG Joins Ex-LightSquared CEO in Myanmar Telecom Venture

    TPG Capital and former LightSquared Inc. Chief Executive Officer Sanjiv Ahuja are teaming up on a telecommunications venture in Myanmar, the first foray by a big- name U.S. private-equity firm in the country since it emerged from military rule three years ago.

  • TPG Sixth Asia Fund Said to Get $2.9 Billion After Revamp

    TPG Capital has raised $2.9 billion for its sixth Asian fund after an overhaul of its senior management in the region sped up the process, two people with knowledge of the matter said.

  • Spain’s Bad Bank Begins 15-Year Suicide With Bull Sale

    Spain’s Sareb, set up last year to acquire 90 billion euros ($116 billion) of soured real estate assets at a discount from rescued lenders, is preparing its first sale, known as ‘Project Bull,’ to test the beleaguered property market’s ability to attract investors.

  • Caesars Casino Sale Seen Ending in Losses for Bondholders

    Caesars Entertainment Corp.’s $2.2 billion property sale to an affiliate raises the chances the world’s most-indebted casino operator will force a restructuring of its bonds at a loss to investors.

  • BofA, Toyota, LuxAlpha-Madoff, Tetragon, EBay in Court News

    Bank of America Corp.’s proposed $8.5 billion settlement over mortgage-securitization trusts is being probed by New York Attorney General Eric Schneiderman, who is seeking client information from more than 20 companies, Bloomberg News’ Karen Freifeld reports.

  • TPG Capital Said to Target $2.65 Billion for Credit Fund

    TPG Capital, the private-equity firm started by David Bonderman and Jim Coulter, has set a $2.65 billion goal for its next global credit-focused fund, according to two people familiar with the situation.

  • TPG Capital Said to Seek $1.25 Billion for Energy Fund

    TPG Capital, the private-equity firm that’s among the investors in struggling power company Energy Future Holdings Corp., plans to seek $1.25 billion for its first dedicated energy fund, according to two people familiar with matter.

  • Forest Agrees to Acquire Aptalis for $2.9 Billion in Cash

    Forest Laboratories Inc., maker of the Alzheimer’s drug Namenda, will buy Aptalis Pharma for $2.9 billion, adding treatments for gastrointestinal ailments and cystic fibrosis. Forest rose the most in at least 34 years.

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