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ARTICLE · 10 OCTOBER 2006

Wielding A Club

White & Case LLP
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Private equity firms increasingly have been joining in consortia to make large corporate acquisitions. Recent headline-grabbing deals include the $11.3 billion buyout of SunGard Data Systems and the $15 billion acquisition of The Hertz Corp.

United StatesFinance and Banking
Mark Mandel
Mark Mandel

This article originally appeared in the June 29, 2006, issue of The New York Law Journal.

Private equity firms increasingly have been joining in consortia to make large corporate acquisitions. Recent headline-grabbing deals include the $11.3 billion buyout of SunGard Data Systems and the $15 billion acquisition of The Hertz Corp. In early June, Brookfield Properties and The Blackstone Group agreed to team up to buy real estate investment trust Trizec Properties and Trizec Canada, for about $8.9 billion. Oil-and-gas pipeline company Kinder Morgan Inc. announced in late May a $21.8 billion buyout offer that would reportedly rank as the largest management-led buyout to date. Goldman Sachs Capital Partners, American International Group Inc. and the Carlyle Group are among the investors in the proposed transaction.

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