Avenue Capital Group LLC, the distressed-debt firm that’s among a group of creditors winning big from the bankruptcy of Energy Future Holdings Corp., is gathering capital for its first fund dedicated to troubled energy companies.
Henry Kravis, the king of rough-and- tumble leveraged buyouts, picked up a phone at his home in Palm Beach, Florida, and called the chief executive officer of one of Spain’s biggest producers of building materials.
Seat Pagine Gialle SpA’s creditors will vote next month to push the company into administration or exchange more than $2 billion of debt for ownership of the Yellow Pages publisher that’s got a stock value of $35 million.
Donald Sterling’s $2 billion payday from the sale of the Los Angeles Clippers is good and bad news for National Basketball Association owners, who won’t be permitted by players to ignore escalating franchise values in the next round of labor talks.
Grant Hill and Ares Capital Management Chairman Tony Ressler spent Monday afternoon at the Malibu, California, home of Shelly Sterling, who had something lots of rich folks wanted: the Los Angeles Clippers.
Avenue Capital Group founder Marc Lasry and Bruce Grossman, his senior manager of investment, were on a private jet returning to New York from Harrisburg, Pennsylvania, in 2005 when they felt the plane’s cabin suddenly heat up.