Early Briefing: Private Equity Switches Gears
* The buyout boom is over, and private equity firms are retrenching. "The days of easy money -- buying something with a lot of leverage and flipping it in 18 months -- are over, Frederick Malek, founder of Thayer Capital, tells staff writer Thomas Heath today. Watch for such firms to take on new investors and make more modest deals in the $2 billion to $3 billion range while venturing into new, non-traditional lines of business, Heath reports. See his full story here.
*Maryland homeowners get higher assessments. See story.
* Newly installed Arlington County Board Chairman J. Walter Tejada is pushing an activist agenda that would press restaurants to ban the use of trans fat in foods, eliminate smoking in public places and require property owners to pay relocation assistance to low-income tenants who are displaced. See story.
* The Virginia General Assembly is expected to study whether to allow firms to mine uranium in the state. See story.
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