Franchisees as Stakeholders: Your Rightful Claim

DDIFO’s first National Members Meeting on September 21 at the Mohegan Sun was chock-full of valuable information for franchise owners, but perhaps the most compelling presentation — The Franchisor In Play: Your Role as a Stakeholder, Not a Spectator — came from attorney Eric Karp. Karp’s message about the role franchise owners need to take in advance of and during a sale of the franchisor resonated strongly with the franchisees in attendance. DDIFO Members Only.

Read More »

Ambac Regulator Wins Support From Dunkin Brands on Plan

Jody Shenn of BusinessWeek reports that Ambac Financial Group Inc.’s regulator won support from Dunkin Brands Inc., Sonic Corp. and Hertz Corp. as he seeks to overcome objections from some of the insurer’s clients to his plan to rehabilitate the second-largest bond guarantor

Read More »

Policing Private Equity

The private equity business is one of a handful of segments of the financial markets that isn’t emerging as a major focus for reform among Washington policymakers. True, there has been some discussion about taxing the industry’s profits at a higher rate, which is moving forward in the House in a proposal by Senator Carl Levin and Senator Max Baucus. But compared with the historic bank regulation that the Senate passed on Thursday, private equity funds and their managers have escaped the populist storm relatively unscathed, even if they will spend much of the next five years trying to refinance hundreds of billions of dollars of debt in a more difficult environment.

Read More »

Rubenstein: No $10 Billion L.B.O.’s Anytime Soon

Mr. Rubenstein, the Carlyle Group founder, told Bloomberg Television in an interview on Thursday that many of the elements are in place for a recovery in the leveraged buyout industry. But the big deals from the golden age remain highly unlikely: “If you want to do a $10 or a $20 billion buyout, I think that’s unrealistic in this day and age right now.” DDIFO Members may watch the video.

Read More »

The Mysterious Case of the Missing $3 Trillion

Suzanne McGee writes at Portfolio.com that the financial crisis has changed the way people think about risk. At the end of every three-month period, data providers crunch through a mountain of information about stock and bond deals, M&A activity, and all kinds of other financing to produce the much-scrutinized “league tables.” And the final weeks of December were no exception, as Jody Drulard and his team at Dealogic LLC scrambled to put together a summary of Wall Street’s dealmaking for the watershed year of 2009. But instead of looking at what Wall Street firms had done in 2009 (notably, a big rebound in debt issuance that earned $18.2 billion in fees for investment banks and banks globally), Drulard found himself pondering what wasn’t showing up on the league tables he was compiling. Specifically, that missing $3 trillion or so of capital that Wall Street had raised every year for most of the first decade of the 21st century.

Read More »

Why Does Dunkin’ Donuts Lobby The Federal Reserve?

Arthur Delaney writes in the The Huffington Post thagt financial firms have long lobbied the Federal Reserve, high-minded maker of monetary policy. But the Fed’s foray into lending during the financial crisis this year has opened it up to lobbying from niche industries like recreational boat manufacturers, rental car companies, and — Dunkin’ Donuts? Indeed. Dunkin’ Brands, parent company of Dunkin’ Donuts and Baskin-Robbins, began lobbying the Fed in the second quarter of this year, according to lobbying disclosure reports filed with Congress.

Read More »