February 19 - Wall Street Journal Blog - Private-equity firms may be taking a beating in the financial world in recent months, but several still made their way to victory lane Sunday at the Daytona 500.
The 50th running of the Nascar race sported a one-two finish from Ryan Newman and teammate Kurt Busch that landed two Dodge cars at the top of the field. Dodge, of course, is part of Chrysler, which private-equity fund Cerberus Capital Management bought 80% of last year for $7.4 billion.
The lead sponsor of Newman’s No. 12 car? That would be wireless carrier Alltel, now a portfolio company of TPG Capital and Goldman Sachs Capital Partners. Read More.
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