21st Century Fox to acquire stake in YES Network

21st Century Fox is to acquire a majority stake in the Yankees Entertainment and Sports Network (YES Network). This provides an exit for Providence Equity which is securing an approximately 4.5x gross multiple and a 26% IRR on the investment.

new dawn

peHUB First Read

This Wednesday read all about Carlyle’s plans for a $4bn property fund, Providence Equity suffering another Asia departure and PIMCO’s forecast for a global recession.

peHUB First Read

This morning’s First Read takes a look at the popularity stakes of Google, Apple and Facebook and unlocks the secret of Silicon Valley’s success.

Week’s Top 10 Hub Posts Feature Year’s Most Prolific PE Buyers, Biggest PE Fundraisers and Millions Still Flowing to Romney from Bain

Trying to get away from relatives this Christmas weekend? Tell them you need to catch up on your reading. Here are the past week’s top 10 posts based on number of pageviews from peHUB’s regular readers.

1. Slideshow: The Year’s Most Prolific PE BuyersBernard Vaughan
2. Slideshow: Top 10 PE Fundraising Successes of 2011Gregory Roth
3. Romney Still Making Millions from BainReuters
4. A Look At The Angel Market And The Fall In Average Deal Size: SlideshowMark Boslet
5. Slideshow: Someone Send Some Love To These Unwanted, CalPERS-Backed Funds (subscribers only) – David Toll
6. U.S. Investor Hellman Dies at 77Reuters
7. Triago Claims Le Febvre, Who Is Launching a Competitor, Was TerminatedLuisa Beltran
8. Providence Equity’s Fund VII Hits Fundraising Problems, May Fall Short of $6B Target (subscribers only) – Luisa Beltran
9. Biofuels Winners And Losers: A Look At The Market By LuxMark Boslet
10. Remembering Warren Hellman: ‘An Openness To Ideas And To People’David Toll

Week’s Top 10 Hub Posts Feature CalPERS, Providence Equity and Stuff We’d Like to Read Less About in 2012

Here are the past week’s top 10 posts based on number of pageviews from peHUB’s regular readers. Hot topics include a portfolio of funds CalPERS unsuccessfully tried to sell on the secondary market, Providence Equity’s troubles hitting its target for fund VII, and unique accounting techniques used by IPO candidates.

1. Slideshow: Someone Send Some Love To These Unwanted, CalPERS-Backed Fundsby David Toll
2. Overrated: Five Things We’d Like a Little Less of in 2012by Connie Loizos
3. Providence Equity’s Fund VII Hits Fundraising Problems, May Fall Short of $6B Targetby Luisa Beltran
4. Slideshow: Top Unique Accounting Techniques for IPO Candidates – by Joanna Glasner
5. Sequoia-Backed Jive Will Be A Test Of The IPO Market: Slideshowby Mark Boslet
6. Slideshow: Five Powerful Women In Private Equity (subscribers only) – by Bernard Vaughan
7. Ron Conway on How New York and Chicago Stack Up to Silicon Valley (subscribers only) – by Mark Boslet
8. Uncle Sam Wants You To Raise An Early Stage VC Fund (subscribers only) – by David Toll
9. Three VCs Weigh In On Incubators, The Late Stage Bubble And Big Databy Mark Boslet
10. For Startup Employees, Getting Rich Has Never Been More Complicatedby Connie Loizos

Week’s Top 10 Hub Posts Feature Powerful Women in PE, Zynga’s IPO and Big Biotech Deals

Here are this week’s top 10 posts based on number of pageviews from peHUB’s regular readers. Hot topics included powerful women in private equity, details of Zynga’s upcoming IPO and the biggest biotech deals of Q4 so far.

1. Slideshow: Five Powerful Women In Private Equityby Bernard Vaughan
2. Zynga’s IPO By The Numbers And A Look At Its Three Classes Of Stock: Slideshowby Mark Boslet
3. Slideshow: Where the Biotech & Device Investors Are–Q4 Editionby Jonathan Marino
4. Founders Fund on Monday Meetings, Patience, and That New $625 Million Fundby Connie Loizos
5. Wanted: Private Equity High-Flyers in Growth Areasby Reuters
6. Slideshow: A Selection of Euro Buyout Fund Terms and Conditionsby Angela Sormani
7. Eight Steps To Mastering Small Company Acquisitionsby Ben Smith
8. The Uniforms of Silicon Valley, a Slideshow (subscribers only) – by Connie Loizos
9. Quien Es Mas Macho? A Slideshow of the Top 5 U.S. PE Funds this Year (subscribers only) – by Luisa Beltran
10. Moody’s: Most Bubble-era LBOs Struggle, while Dollar General, HCA Shineby Luisa Beltran

Harbinger Group Completes Convertible Stock Issuances with PE

Harbinger Group, the listed holding company run by Philip Falcone, has raised $400 million in private stock issuances with funds affiliated with Fortess Investment Group, Providence Equity Capital Markets, Wilton Re Holdings, JHL Capital Group, DDJ Capital Management and Luxor Capital Group. Harbinger Group has raised $900 million over the last nine months.

Slideshow: 10 Largest Pending Q2 LBOs

Buyouts recently wrapped its Q2 quarterly deal wrap-up, and the consensus, to put it bluntly, was ugly. Though our data was cut off at June 15, the results showed U.S.-based PE firms had closed 38 percent less control-stake deals in Q2 than in Q1, according to Thomson Reuters. This suggests many firms have spent much […]

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