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Locust (finance)
Locust is a pejorative term derived from the German word ', which German politician Franz Müntefering (from the social democratic SPD party) created in the context of describing private investors, private equity funds and investment banks. The term has been popularized and is continually used in discussions critical to capitalism in Germany. Origin In 2004 Franz Müntefering demanded that his party take a critical position towards certain practices of private equity firms. In a speech in November 2004, he first associated private financial investors with locusts: This metaphor was repeated several times by both official pamphlets of the SPD and by German media. Originally, none of the companies were named specifically. However, in 2005, the online news magazine stern.de published an article with a list of companies, namely Apax, BC Partners, Carlyle Group, Advent International, Permira, Blackstone Group, CVC Capital Partners, Saban Capital Group, KKR, WCM, and Goldman Sachs. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pejorative
A pejorative word, phrase, slur, or derogatory term is a word or grammatical form expressing a negative or disrespectful connotation, a low opinion, or a lack of respect toward someone or something. It is also used to express criticism, hostility, or disregard. Sometimes, a term is regarded as pejorative in some social or ethnic groups but not in others or may be originally pejorative but later adopt a non-pejorative sense (or vice versa) in some or all contexts. Etymology The word ''pejorative'' is derived from a Late Latin past participle stem of ', meaning "to make worse", from ' "worse". Pejoration and melioration In historical linguistics, the process of an inoffensive word becoming pejorative is a form of semantic drift known as pejoration. An example of pejoration is the shift in meaning of the word '' silly'' from meaning that a person was happy and fortunate to meaning that they are foolish and unsophisticated. The process of pejoration can repeat itself around ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carlyle Group
The Carlyle Group Inc. is an American multinational company with operations in private equity, alternative asset management and financial services. As of 2023, the company had $426 billion of assets under management. Carlyle specializes in private equity, real assets, and private credit. One of the world's largest investment firms, it ranked first among private equity firms by capital raised from 2010-2015, according to the PEI 300 index. In June 2024, it ranked sixth in Private Equity International's PEI 300 ranking among the world's largest private equity firms. Founded in 1987 in Washington, D.C., the company has nearly 2,200 employees in 28 offices on four continents . On May 3, 2012, Carlyle completed a million initial public offering and began trading on the NASDAQ stock exchange. History Founding and early history Carlyle was founded in 1987 as a boutique investment bank by five partners with backgrounds in finance and government: William E. Conway Jr., ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John W
John is a common English name and surname: * John (given name) * John (surname) John may also refer to: New Testament Works * Gospel of John, a title often shortened to John * First Epistle of John, often shortened to 1 John * Second Epistle of John, often shortened to 2 John * Third Epistle of John, often shortened to 3 John People * John the Baptist (died ), regarded as a prophet and the forerunner of Jesus Christ * John the Apostle (died ), one of the twelve apostles of Jesus Christ * John the Evangelist, assigned author of the Fourth Gospel, once identified with the Apostle * John of Patmos, also known as John the Divine or John the Revelator, the author of the Book of Revelation, once identified with the Apostle * John the Presbyter, a figure either identified with or distinguished from the Apostle, the Evangelist and John of Patmos Other people with the given name Religious figures * John, father of Andrew the Apostle and Saint Peter * Pope John (disambigu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Goldman Sachs
The Goldman Sachs Group, Inc. ( ) is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many international financial centers. Goldman Sachs is the second-largest investment bank in the world by revenue and is ranked 55th on the ''Fortune'' 500 list of the largest United States corporations by total revenue. In the Forbes Global 2000 of 2024, Goldman Sachs ranked 23rd. It is considered a systemically important financial institution by the Financial Stability Board. Goldman Sachs offers services in investment banking (advisory for mergers and acquisitions and restructuring), securities underwriting, prime brokerage, asset management, and wealth management. It is a market maker for many types of financial products and provides clearing and custodian bank services. It operates private-equity funds and hedge funds. It structures complex and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
WCM AG
WCM may stand for: * Warner Chappell Music, an American music publishing company and a subsidiary of the Warner Music Group * Wave characteristic method, a model used in fluid dynamics * WCM, a radio station operated by the University of Texas at Austin under that call sign from 1922 to 1925; now licensed to Houston as KTRH * WCMH-TV, an NBC-affiliated television station in Columbus, Ohio, United States * Web content management * ''West Coast Magazine'', a Scottish literary publication * ''Wisden Cricket Monthly'', a UK-based cricket magazine * Western classical music * Woman Candidate Master, a World Federation chess title * World Championship Motorsports Worldwide Championship Motorsports (WCM) was a Grand Prix motorcycle racing team formed in 1992 by American Bob MacLean and British Peter Clifford (MotoGP). The team ran Yamaha motorcycles from to and was called Red Bull Yamaha WCM. Competiti ..., a Grand Prix motorcycle team * WCM (Wide DC electric mixed), a classification ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kohlberg Kravis Roberts
KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global private-equity and investment company. , the firm had completed private-equity investments in portfolio companies with approximately $710 billion of total enterprise value. Its assets under management (AUM) and fee paying assets under management (FPAUM) were $553 billion and $446 billion, respectively. KKR was founded in 1976 by Jerome Kohlberg Jr., and cousins Henry Kravis and George R. Roberts, all of whom had previously worked together at Bear Stearns, where they completed some of the earliest leveraged buyout transactions. Since its founding, KKR has completed a number of transactions, including the 1989 leveraged buyout of RJR Nabisco, which was the largest buyout in history to that point, as well as the 2007 buyout of TXU, which is currently the largest buyout completed to date. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saban Capital Group
Saban Capital Group LLC is an American investment company based in Los Angeles, California focused on media, entertainment and communications. Formed in 2001 by Haim Saban, Saban Capital Group owns Saban Films, and co-owns Celestial Tiger Entertainment. History In October 2006, SCG's Saban Entertainment Group division announced the beginning of its virtual studio program for starting up and developing family entertainment. In March 2007, Univision Communications was sold to Broadcasting Media Partners which includes Saban Capital Group, Madison Dearborn Partners, Providence Equity Partners, TPG Capital, and Thomas H. Lee Partners. On October 17, 2011, Saban Capital Group acquired 7.5% stake in Jakarta-based Indonesian largest integrated media company, Media Nusantara Citra. In July 2012, Saban Capital Group acquired minority stake in PT MNC Sky Vision Tbk, the largest pay-TV operator in Indonesia which owns Indovision and Top TV. In June 2012, Kidsco Media Ventures LLC, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CVC Capital Partners
CVC Capital Partners plc is a Jersey-based private equity and investment advisory firm with approximately €186 billion of assets under management and approximately €157 billion in secured commitments since inception across American, European, and Asian private equity, secondaries, credit funds and infrastructure. As of 31 December 2021, the funds managed or advised by CVC are invested in more than 100 companies worldwide, employing over 450,000 people in numerous countries. CVC was founded in 1981 and, as of 31 March 2022, has over 850 employees working across its network of 25 offices throughout EMEA, Asia and the Americas. In 2023, it raised the largest ever raised private equity fund globally at €26 billion. In June 2024, CVC Capital Partners ranked fourth in Private Equity International's PEI 300 ranking among the world's largest private equity firms. History By the early 1990s, Michael Smith, who joined Citicorp in 1982, was leading Citicorp Venture Capital in Europ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Blackstone Group
Blackstone Inc. is an American alternative investment management company based in New York City. It was founded in 1985 as a mergers and acquisitions firm by Peter Peterson and Stephen Schwarzman, who had previously worked together at Lehman Brothers. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate across the globe. Blackstone is also active in credit, infrastructure, hedge funds, secondaries, growth equity, and insurance solutions. As of May 2024, Blackstone has more than $1 trillion in total assets under management, making it the world's largest alternative investment firm. History Founding and early history Blackstone was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman with (equivalent to $million in ) in seed capital. The founders derived their firm's name from their names: "Schwarz" is German for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Permira
Permira Holdings Limited is a British global investment firm specialised in buyouts, growth funds, equity funds, and credit funds. Founded in 1985 as part of Schroders, it became independent in 1996. Operating as Permira since 2001, the company became one of the largest buyout specialists. , Permira advises funds with total committed capital of €80 billion, which have invested in more than 300 companies worldwide. The company employs over 470 people in 15 offices across Europe, North America and Asia. In June 2024, Permira ranked 20th in Private Equity International's PEI 300 ranking among the world's largest private equity firms. History In the 1980s, J. Henry Schroder Wagg, a multinational asset management company, developed a concept for private equity funds to finance management buyouts. It operated as Schroder Ventures, headquartered in the UK. Nicholas Ferguson (businessman), Nicholas Ferguson was appointed Chairperson, chairman. In many European countries like German ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Advent International
Advent International Corporation is an American global private equity firm. It is focused on buyouts of companies in Western and Central Europe, North America, Latin America and Asia. The firm focuses on international buyouts, growth and strategic restructuring in five core sectors. Since its inception in 1984, Advent has invested $56 billion in private equity capital. Through its buyout programs, it has completed more than 375 transactions in 42 countries. Advent operates from 14 offices in 11 countries, with affiliates in additional countries, employs over 240 investment professionals, and has around $92 billion in assets under management as of 2023. In June 2024, Advent ranked 8th among the world's largest private equity firms, with approximately $53 billion in Private Equity International's PEI 300 rankings. History Advent is a Boston, Massachusetts, spin-out from TA Associates by Peter Brooke. Brooke had founded TA Associates in 1968, after having expan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BC Partners
BC Partners LLP is a British international investment firm with over $40 billion of assets under management across private equity, credit and real estate in Europe and North America. Its global headquarters are in London. The firm invests across all industries. BC Partners was founded in 1986 and has offices in New York, Paris and Hamburg. Since inception, BC Partners has completed 113 private equity investments in companies with a total enterprise value of €145 billion. As one of the largest European private equity firms, BC Partners competes for buyouts and investment opportunities with other large cap private equity firms including Blackstone Group, KKR, CVC Capital Partners, Advent International and The Carlyle Group. The firm raised its eighth fund in 2005, which at the time made it the largest European buyout fund. Raised in less than five months, the fund was heavily oversubscribed. Investors in previous funds supplied 90% of the capital. The firm's most recent fund, B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
