MBK Offers to Buy C&M for $3.2 Billion in Korea's Biggest LBO, Bankers Say

(Bloomberg) -- MBK Partners Ltd., the South Korean
private equity group founded by former Carlyle Group executives,
offered 3 trillion won ($3.2 billion) for cable-TV operator C&M,
said two bankers who were asked to provide financing.

The Seoul-based buyout company wants to borrow as much as 2
trillion won to pay for closely held C&M, South Korea's second-
biggest cable-TV operator, said the bankers, who declined to be
identified because the bid hasn't been disclosed. The purchase
would include New York-based Goldman Sachs Group Inc.'s 30.5
percent stake, they said.


Read more at Bloomberg Bonds News

Coffeyville Refinery May Resume Operations in Mid-September After Shutdown

(Bloomberg) -- Coffeyville Resources LLC, a Kansas
refinery owned by a Goldman Sachs Group Inc. unit and the buyout
firm Kelso & Co., expects to resume gasoline and diesel
production by mid-September after a July 1 flood shut the plant.

Major damage was confined to pumps, motors and electrical
controls, the Sugar Land, Texas-based company said today in a
statement. Production of nitrogen fertilizer has resumed at the
complex, with shipments planned today.


Read more at Bloomberg Energy News

Apollo mulling private exchange listing: report

(Reuters) - Apollo, founded by former investment banker Leon Black, may take this route to bypass the scrutiny of being a public company.




As it would in an initial public offering, Apollo will be able to raise permanent capital with its Goldman Sachs exchange listing, and give its founders a way to cash out, the report said. But it will not exactly go public, as rival private equity firm Blackstone Group LP and hedge fund Fortress Investment Group LLC have done through listings on the New York Stock Exchange in recent months.


Read more at Reuters.com Business News

Akamai Technologies Will Replace Biomet in the S&P 500 Index, S&P Says

(Bloomberg) -- Akamai Technologies Inc., whose
software speeds the delivery of Internet data, will replace
Biomet Inc. in the Standard & Poor's 500 Index, S&P said today
in a statement posted on its Web site.

Biomet agreed in June to an $11.4 billion takeover offer
from buyout firms including Blackstone Group LP and the private-
equity arm of Goldman Sachs Group Inc. The change will take
place after the close of trading on July 11, S&P said.


Read more at Bloomberg Stocks News

Gramercy Capital to sell stake in JV to SL Green

(Reuters) - Separately, Gramercy said it has agreed to modify its $900
million secured repurchase facility with Wachovia Securities
LLC and Goldman Sachs Mortgage Co.





Read more at Reuters.com Mergers News

Hedge fund Och-Ziff Capital files for IPO

(Reuters) - Goldman Sachs and Lehman Brothers are serving as co-lead managers for the offering.




Read more at Reuters.com Business News

Biogen says completes $3 billion share buyback

(Reuters) - The company said it will borrow $1.5 billion through a loan
agreement with Merrill Lynch Capital Corp. as administrative
agent and Goldman Sachs Credit Partners LP as syndication agent
to partially finance the share repurchase.




Read more at Reuters.com Bonds News

BNP Paribas leads French M&A league table -survey

(Reuters) - In second place was U.S. investment bank Morgan Stanley
which advised on deals worth 45.7 billion euros while
Goldman Sachs took third place.




So far this year, BNP Paribas has advised French reinsurer
Scor on its takeover of Swiss rival Converium
and also advised French insurer AGF over its buyout by
parent company Allianz .


Read more at Reuters.com Mergers News

UPDATE 2-Virgin Media seeks buyer, Carlyle bids -sources

(Reuters) - LONDON, July 1 - British cable operator Virgin
Media has appointed Goldman Sachs to seek a possible
buyer after it received approaches from various private equity
firms, people familiar with the situation said on Sunday.




Carlyle Group [CYL.UL], for one, offered in recent weeks to
buy the company, whose leading shareholder is the flamboyant
entrepreneur Richard Branson, the sources said, but they declined
to disclose the price put forward.


Read more at Reuters.com Mergers News

Goldman Sachs Recommends Buying Northern Rock Shares Following Drop

(Bloomberg) -- Investors should buy stock of
Northern Rock Plc, the U.K. mortgage lender that two days ago
said it expects to miss analysts' profit estimates, according to
Goldman Sachs Group Inc.

The world's biggest securities firm by market value added
Northern Rock to its ``conviction buy list,'' saying its shares
have fallen too far. Northern Rock shares dropped 12 percent to
829 pence yesterday before rising 3 percent today to 856 pence
as of 2:30 p.m. in London. Goldman Sach's 12-month target price
for the stock is 1,097 pence.


Read more at Bloomberg Stocks News

CCS Income Trust to go private in C$3.5 bln bid

(Reuters) - CCS units last traded at C$37.89 on the Toronto Stock
Exchange, representing a 21-percent premium.




The investor group, headed by Werklund, includes, CAI
Capital Partners, Goldman Sachs Capital Partners, Kelso & Co.,
Vestar Capital Partners, British Columbia Investment Management
Corporation and O.S.S. Capital Management L.P.


Read more at Reuters.com Mergers News

Goldman Sachs Meets Match in Googleplex When Recruiting College Graduates

(Bloomberg) -- Everyone wanted to hire Qiushuang
Zhang.

Before earning her master's degree in computer science at
Georgia Institute of Technology in May, Zhang had two job offers
from Goldman Sachs Group Inc., two from Microsoft Corp. and one
from Google Inc. Then a headhunter phoned to pitch a job at
Renaissance Technologies Corp., the $20 billion hedge fund firm
led by math guru James Simons.


Read more at Bloomberg Exclusive News

US STOCKS-Indexes climb on lower bond yields

(Reuters) - NEW YORK, June 25 - U.S. stocks rose on Monday as
data on existing-home sales were in line with analysts'
forecasts, allowing investors to focus on the recent pull-back
in bond yields and the Federal Reserve's policy-setting meeting
this week.




General Motors Corp. gave a boost to the Dow after
Goldman Sachs lifted its rating on shares of the largest U.S.
automaker.


Read more at Reuters.com Bonds News

KarstadtQuelle hires banks to sell property-paper

(Reuters) - Last week, the tourism, department store and mail-order
group had said it could merge its department store division
with a rival as a prelude to a separate stock market listing
for the unit within 18 months.




In March 2006, KarstadtQuelle sold its property portfolio
for 4.5 billion euros, more than three times its book value, to
a joint venture owned 49 percent by itself and 51 percent by
Whitehall, a Goldman Sachs property fund.



Read more at Reuters.com Mergers News

S&P 500 Posts Biggest Weekly Slide Since March Amid Mortgage-Bond Concerns

(Bloomberg) -- U.S. stocks dropped and the
Standard and Poor's 500 Index posted its biggest weekly
slide since early March on concern that banks will be
saddled with losses on mortgage bonds.

Bear Stearns Cos., Lehman Brothers Holdings Inc. and
Goldman Sachs Group Inc. led financial shares lower after
the near collapse of a Bear Stearns hedge fund spurred
speculation that investors will have to write down the
value of securities containing subprime mortgages.
Homebuilders in S&P indexes plunged for a fourth straight
week after a gauge of builder confidence fell to a 16-year
low and home starts declined.


Read more at Bloomberg Stocks News

US STOCKS-Futures rise on Intel upgrade; CPI on tap

(Reuters) - NEW YORK, June 15 - U.S. stock futures signaled a
higher open on Friday, with technology shares likely to
underpin gains after a broker upgrade of Intel Corp. ,
but investors were cautious ahead of key U.S. inflation data.




Intel shares jumped 2 percent in electronic trade after
Goldman Sachs raised its rating on the chipmaker, a component
of the Dow Jones industrial average , to "buy" from
"neutral."


Read more at Reuters.com Bonds News

US STOCKS-Futures point higher on Intel, CPI looms

(Reuters) - Intel shares rose 1.8 percent to $23.64 in electronic trade
after Goldman Sachs raised its rating on the chipmaker, a
component of the Dow Jones industrial average , to "buy"
from "neutral."




Investors will scrutinize a report on the May U.S. Consumer
Price Index due before the bell for further direction.


Read more at Reuters.com Bonds News

Futures little changed ahead of PPI data

(Reuters) - Stocks to watch include investment banks, with Goldman Sachs Group Inc and Bear Stearns Cos. Inc. due to report quarterly results before the bell.




The yield on the benchmark 10-year Treasury note was 5.21 percent, slightly above its late Wednesday level of 5.20 percent.


Read more at Reuters.com Hot Stocks News

DealTalk: Concerns grow over risky equity bridge loans

(Reuters) - Equity bridge loans allow private equity firms to get investment banks to share in the cash payment on deals. Such loans are great for buyout firms wanting to pursue takeovers without joining forces with competitors, but carry huge risk and skimpy pay-offs for the investment banks.




While this type of lending has been around for decades, the size and frequency of the loans has risen to the point where Goldman Sachs has told its mergers and acquisitions staff to avoid them, according to a banker who works there. Goldman declined to comment about its policy.


Read more at Reuters.com Bonds News

U.S. Stock-Index Futures Are Little Changed Before Report; Goldman Drop

(Bloomberg) -- U.S. stock-index futures were little
changed before a government report on producer prices that may
show the pace of inflation is picking up.

Goldman Sachs Group Inc. shares declined in Europe before
the world's biggest security firm reports second-quarter
earnings. Bear Stearns Cos., the second-largest U.S. underwriter
of mortgage bonds, may move before it posts results. Separately,
the company is liquidating holdings from one of its hedge funds
after making money-losing bets on subprime home loans, according
to three people with knowledge of the decision.


Read more at Bloomberg Stocks News