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re: Buyout scheme said to include Freescale deal
JoePLUS   10/18/2012 11:03:03 PM
I would be willing to bet the write off is accounting 'magic' or an attempt to derail the investigation. The private equity almost always get their pound of flesh and leave the 'surviving' company they spin out drowning in debt. Their normal MO is buy low, sell anything of value and slash expenditures by closing facilities they can't liquidate quickly while collecting huge 'management fees' to extract capital. With the 'new and improved' balance sheet, the company borrows money to make their 'investor' whole and finally have a new IPO or sell to a lower class of private equity vampires. Research the destruction of Simmons, the largest bedding company in the US. This is the case study for how a series of 7 private equity deals decimated a company. http://www.nytimes.com/2009/10/05/business/economy/05simmons.html?pagewanted=all&_r=0

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re: Buyout scheme said to include Freescale deal
Semiguru   10/13/2012 2:36:50 AM
30 years hard labor for all Blackstone Group, KKR & Co., Bain Capital Partners, Carlyle Group excecutives and their lawyers at once. They are the leaders behind the demise of the USA and the manufacturing industry here.

Peter Clarke
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re: Buyout scheme said to include Freescale deal
Peter Clarke   10/12/2012 2:29:30 PM
@eewiz I am no lawyer but I understand that a non-compete deal or cartel formation is considered illegal under U.S. antitrust law. But it does remain the case that the private equity companies' bad timing for investing in 2006 and writing off in 2009 is probably their best defense, and may get them off the hook. The case against would argue that the various leveraged buy deals were worth more than the amount paid IN 2006 and that the PE companies would have paid more but for the alleged collusion. In other words the case against would argue that the PE companies are guilty AND incompetent.

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re: Buyout scheme said to include Freescale deal
eewiz   10/12/2012 3:24:24 AM
Well, after paying 17.6B for freescale and 8B for NXP and writing of most of the investment, they would definitely want to consider a non compete arrangement

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re: Buyout scheme said to include Freescale deal
goafrit   10/11/2012 11:47:04 PM
It is the sign that greed must be regulated. Man cannot control himself in the quest for money.

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re: Buyout scheme said to include Freescale deal
bizzkid28   10/11/2012 7:44:23 PM
So when is the trial? They have been on this hunt for years and convicting for far less in the past year, just look what has happened http://www.crunchbase.com/person/rajat-gupta-4

In conjunction with unveiling of EE Times’ Silicon 60 list, journalist & Silicon 60 researcher Peter Clarke hosts a conversation on startups in the electronics industry. One of Silicon Valley's great contributions to the world has been the demonstration of how the application of entrepreneurship and venture capital to electronics and semiconductor hardware can create wealth with developments in semiconductors, displays, design automation, MEMS and across the breadth of hardware developments. But in recent years concerns have been raised that traditional venture capital has turned its back on hardware-related startups in favor of software and Internet applications and services. Panelists from incubators join Peter Clarke in debate.
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