Earlier today I took a left out of the home office, and sat down next to the washer/dryer for a Reuters video segment on PE-backed IPOs. Topics include Talecris Biotherapeutics (the hit Cerberus has been thirsting for?), Dollarama/Dollar General (countercyclical indicators?) and Peak Sports (the Sequoia Capital IPO no one in the Valley is talking about):
HONG KONG (Reuters) – Shares of Peak Sport Products Co (1968.HK) opened below the IPO price on Tuesday but Sequoia Capital, which has backed the strong local rival for Nike Inc (NKE.N) in China since 2007, made a big win in its investment. Peak opened at HK$3.70 per share in its Hong Kong debut after [...]
HONG KONG (Reuters) – Peak Sports, a retailer backed by venture capital firm Sequoia Capital, raised HK$1.72 billion ($221 million) in its Hong Kong initial public offering, according to a source with direct knowledge of the deal. Peak sold 419 million shares at HK$4.10 per share, and the offer was more than 20 times over [...]
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May 25 (Reuters) – Women’s apparel retailer Talbots Inc said Sycamore Partners, with which it has been in exclusive talks for a buyout, is not prepared to execute a deal at this time.
Bazaarvoice has acquired venture-backed PowerReviews for roughly $150 million. Menlo Ventures, a lead investor and largest shareholder in PowerReviews, said that it scored a 3x return in the deal. Bazaarvoice is a […]
National Educational Music Co. has acquired the assets of School Musical Suppliers Inc., also known as City Music Center. New Jersey-based School Musical Suppliers is a band and orchestra musical instrument rental […]
Quest Specialty Chemicals, which is backed by Audax Group and Moelis Capital Partners, has named Doug Mattscheck as president and chief executive. Menomonee Falls, Wisc.-based Quest formulates and manufactures […]
So really Steve, the title of your articles should have read: “How VCs are killing Silicon Valley”, and I’d wholeheartedly agree. Especially since their thesis determines what can be discovered (Einstein).
Publicly traded Safeguard Scientifics Inc. has named Dr. Keith B. Jarrett to its board. Jarrett is a principal of Rockport Funding, a specialty finance start-up company incubator.
Montreal-based growth equity fund Inerjys has added of Jigar Shah and Russell Pullan as partners. Shah joins Inerjys from the Carbon War Room, and was previously CEO of solar services firm SunEdison. Pullan joins […]
Makers of toilets and taps are sizing up Finnish rival Sanitec, put on the block by private equity group EQT with a price tag of up to 1 billion euros ($1.3 billion), Reuters reported. Spanish family-owned group […]