Something Cheesy About How SAC’s Always So Private and This Is a ‘Private’ Deal Or Whatever—You Can Do It Better Than Us

Author:
Publish date:
Updated on

As previously noted this morning, private equity will be the hot chick at the party in ’07. But we didn’t realize that she’d be so hot that Stevie-boy Cohen would dip his fingers in her womanaly charms. But we’ve been not-clairvoyant before so, uh, this is nothing new (though upsetting all the while). As The Street’s Matthew Goldstein reports:

In a somewhat surprising move, Cohen's $12 billion SAC Capital Partners behemoth is stepping up to the plate to help finance a $3.1 billion management-led buyout of Laureate Education. The Connecticut-based hedge fund is part of a group of investors taking the higher education company private in a deal led by Laureate CEO Douglas Becker, Kohlberg Kravis Roberts and Citigroup's private equity arm.

Shift for SAC's Cohen [thestreet .com]

Related