ITT Dismantles Its Empire, Ending the Age of Conglomerates

by | Jan 13, 2011 | Towing

The 91-year old company was once the leading diversified industrial company, the product of hundreds of leveraged buyouts in the 1960s and ’70s. But its breakup is yet more proof that the conglomerate model makes little sense t…

China’s Harbin Electric Sparks a Buyout Bid From Its CEO

by | Oct 11, 2010 | Towing

Harbin Electric’s CEO and Baring Private Equity Asia Group are proposing taking the Chinese electric motor maker private with a bid of $24 per share, or $752.2 million. It’s a notably rare instance of a private equity-backed bu…