The Lehman Brothers Bankruptcy Examiner’s report is out, and anyone interested in knowing more about the reasons behind the largest bankruptcy in U.S. history should at least take the time to read the Executive Summary. Much of the initial press coverage has focused on Lehman’s use of “Repo 105” transactions to reduce reported net leverage, […]
I got to visit the independent Northshire Bookstore, at 4869 Main Street, Manchester Center while on vacation with my family in Southern Vermont last month, and took the time to ask a member of their staff what they think has attributed to their successful 34-year run, counter to the long-term downward trend in independent bookstores. […]
A National Federation of Independent Business November ’09 survey indicated that while one-third of respondents worry about weak sales, only 4 percent of small-business owners viewed financing as their top concern, and only 10 percent reported problems getting a loan. Â “It has been 35 years since businesses were this reluctant to boost inventories or […]
I was pleased to see an announcement that Goldman Sachs would put aside $500 million to seed “10,000 small businesses,” including $200 million for “practical business education and training programs.” Goldman Sachs has established an advisory council to guide the investment, with Warren Buffet and Dr. Michael Porter of Harvard as co-chairs. In addition, the […]
Private Equity firms Cerberus Capital Management and Sun Capital Partners, along with real estate investors Lubert-Adler and Klaff Partners led a 2004 buyout of Mervyn’s discount retail chain for $1.26 billion in 2004.  Upon closing, the new owners split Mervyn’s into two companies, one owning the real estate, and the other operating the stores.  The […]
I devoured Josh Kosman’s “The Buyout of America” the day after Thanksgiving, and also took the time to listen to an audio replay of his November 16th interview with Terry Gross of WHYY’s Fresh Air. Mr. Kosman lays out a broad indictment of private equity firms, making a case that they run down the companies […]
David@RudofskyAssociates.com
Phone: 1-914-216-3566
Based in New York City. Doing business nationally.
