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  This Day in Buyout History

  This day in buyout history: Blackstone bags the newest jewel in Las Vegas

  December 18, 2019

  Five years ago today, Blackstone completed its $1.73 billion purchase of The Cosmopolitan of Las Vegas, a swanky new property on the Strip that had spent the previous six years in unprofitable limbo.

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  This Day in Buyout History

  This day in buyout history: Apollo cashes in and catches a flick

  September 26, 2019

  At first glance, spare change might not seem like big business. But during the 1990s, a Seattle-area company called Coinstar proved that it was. And then private equity took notice.

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  This Day in Buyout History

  This day in buyout history: Blackstone closes its biggest fund ever—for now

  August 7, 2019

  A dozen years ago today, Blackstone closed its largest buyout fund ever. But the vehicle might not hold that title for much longer.

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  This Day in Buyout History

  This day in buyout history: Meals, monopolies and a $7.1B club deal

  July 2, 2019

  Six years after KKR and Clayton, Dubilier & Rice acquired US Foods, the firms thought they’d found the perfect exit path. But the government had different ideas.

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  This Day in Buyout History

  This day in buyout history: Private equity finds True Religion

  May 9, 2019

  TowerBrook Capital Partners’ acquisition of True Religion Apparel in 2013 was part of widespread private equity interest in the space. But not long after, the retail apocalypse began.

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  This Day in Buyout History

  This day in buyout history: Goldman closes a $20B mega-fund

  April 22, 2019

  Twelve years ago today, Goldman Sachs closed a massive new buyout fund that took the concept of “skin in the game” to a whole new level.

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  This Day in Buyout History

  This day in buyout history: Magic Johnson and the Los Angeles Dodgers meet PE

  March 28, 2019

  Seven years ago this March, Guggenheim Partners teamed with Magic Johnson on a $2.3 billion takeover of one of the most famous franchises in professional sports.

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  This Day in Buyout History

  This day in buyout history: Bottoms up for PE

  January 30, 2019

  Eight years ago today, an Australian private equity firm bought a booming wine business in a deal that eventually brought in some of the alcohol and financial worlds’ top names.

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  This Day in Buyout History

  This day in buyout history: Vista teams with Vivek on pioneering software takeover

  December 4, 2018

  On December 5, 2014, Vista Equity Partners made a $4.3 billion acquisition that was one of the first moves in a dealmaking wave that shook up the software industry.

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  Private Equity

  This day in buyout history: KKR makes a $3.9B move in the public markets

  July 29, 2018

  KKR’s recent conversion from a partnership to a corporation was the culmination of the firm’s long-time love affair with the public markets.

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  Private Equity

  This day in buyout history: Deluged by debt, Guitar Center turns to Ares

  April 2, 2018

  As everyone in private equity knows, debt can be a powerful thing. Four years ago today, Ares Management used it to take control of one of America’s major music retailers.

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  Private Equity

  This day in buyout history: Apollo conducts a textbook takeover

  March 21, 2018

  Apollo Global Management has invested in pizza, casinos, Twinkies, hot tubs and organic foods. Five years ago today, it added education to the mix.

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  Private Equity

  This day in buyout history: KKR goes glasses shopping

  February 6, 2018

  On February 7, 2014, KKR agreed to acquire National Vision, an optical retailer with hundreds of locations across the US—including more than 200 in Walmart stores.

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  This Day in Buyout History

  This day in buyout history: Advent, Bain Capital strike a payments gold mine

  November 30, 2017

  Worldpay’s future is as part of an emerging financial conglomerate. For private equity firms, though, the company’s profit-filled past was no doubt much more interesting.

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  This Day in Buyout History

  This day in buyout history: KKR, Bain Capital complete the biggest LBO ever

  November 16, 2017

  In the 11 years since, more substantial deals have taken place. But at the time, the take-private buyout of HCA was one for the record books.

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  Private Equity

  This day in buyout history: PE giants take The Weather Channel under their umbrella

  September 14, 2017

  Nine years ago today, a stark change occurred in the forecast for The Weather Channel when Bain Capital, Blackstone and NBC Universal bought the company for $3.5 billion.

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  Private Equity

  This day in buyout history: LGP closes one of the most successful pre-crisis megafunds

  March 27, 2017

  The environment in which Leonard Green Partners invested its fifth flagship fund was very different from the environment in which it was raised. Yet LGP still managed to log stellar multiples. How?

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  Private Equity

  This day in buyout history: On March 7, 2011, J.Crew’s private equity saga begins

  March 6, 2017

  Six years ago today, TPG and Leonard Green & Partners finalized their buyout of J. Crew for just about $3 billion. But the controversy surrounding the deal began long before its completion.

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