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Blackstone's SVB Deal That Got Away Shows Private Equity Sidelined in Crisis.

Authors :
Tan, Gillian
Lim, Dawn
McNeely, Allison
Source :
Bloomberg.com; 4/6/2023, pN.PAG-N.PAG, 1p
Publication Year :
2023

Abstract

(Bloomberg) -- Silicon Valley Bank had just collapsed and Blackstone Inc.'s dealmakers saw an opportunity. Read more: Apollo and Rivals pushed aside in scrum to own piece of SVB When SVB came up for sale, authorities hoped to steer the failed lender to another - ideally, not-too-large - bank ready to take over customer deposits. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
162940120