Jimmy Lee, JPMorgan’s legendary dealmaker, just finished up on CNBC’s new show, Strategy Session. Not only did he say the credit markets “are wide open,” but he said up to $10 billion in debt is now available for a big LBO, provided it sits on top of about $5 billion in equity and is, of course, the right kind of company. That jibes with what Carlyle Group’s David Rubenstein told the Washington Post earlier this week.
Reuters reports that General Motors will sell Hummer, though a buyer has not been named, nor has a number been quoted for how much it’ll pay. And then there’s this, from the mailbag:
I saw David Rubenstein and Rahm Emanuel (with one other unidentified guy) eating dinner at Blue Duck Tavern in DC last night. There is an outdoor seating area, which is where they were. They were actually looking somewhat awkward, not sure what to make of that. I do remember they were twins with their navy suit and red ties (it is Rubenstein after all), probably planned that. I’m not saying Carlyle bought Hummer, but I’m not saying it.