TITLE

INVESTMENT BANKING DATABASE: Private Equity

AUTHOR(S)
Burns, Mairin
PUB. DATE
April 2003
SOURCE
Investment Dealers' Digest;4/28/2003, Vol. 69 Issue 17, p22
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article presents information about developments in the investment banking sector of the U.S. as of April 28, 2003. Two of five five major record labels — Universal Music Group and EMI Recorded Music — are filing a lawsuit against San Francisco, California-based venture capital firm Hummer Winblad Venture Partners for allegedly contributing to widespread Internet music piracy through its financial support of defunct file swapping network Napster Inc. Goldman Sachs' private equity arm, GS Capital Partners, has made a &ldquo.significant investment &rdquo. in a first round of funding for aircraft designer and manufacturer Adam Aircraft Industries. Bethlehem Steel Corp. won bankruptcy court approval for a 1.6 billion dollar sale of its assets to W.L Ross' International Steel Group Inc. The buyer will pay 952 million dollars in cash and assume 700 million dollars of Bethlehem's secured debt.
ACCESSION #
9845530

 

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