Align Network Merges with Universal SmartComp

Align Networks, which is backed by General Atlantic, is merging with Universal SmartComp, which is a portfolio company of The Riverside Co. Financial terms weren’t disclosed. The combined company will operate under the Align Networks brand name and be led by Align CEO and President Butch Hofstetter. Both General Atlantic and Riverside will remain investors […]

Jefferies Ousts Asset Management Bankers

Jefferies & Co. isn’t officially shuttering its asset management advisory business, but it is letting go of some industry veterans in the space.

Kevin Pakenham and Aaron Dorr, both MDs in the financial institutions group, will be leaving Jefferies, a source says. Karamvir Gosal, also an MD, as well as two junior bankers, will be leaving as well, the person says. Their departures are expected to occur in coming weeks.

Pakenham, Dorr and Gosal all hail from Putnam Lovell, which Jefferies acquired in 2007. It’s not clear if Jefferies is ousting all of the bankers in the asset management advisory division, but it is letting go of the senior bankers, the source says.

As IPO Market Shows Signs of Life, Could M&A Be Far Behind? Well, Yes

Four venture-backed companies have made it out so far this quarter, but if you’re wondering whether an M&A pick-up could be far behind, the answer may depress you. “Four [venture-backed] deals [in Q2] don’t constitute a thawing of the IPO market,” says Paul Deninger, vice chairman of the investment bank Jefferies & Co, who believes we […]

PEHUB Community

Join the 12505 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget