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Top 10 posts: private equity

Trending in private equity: the secret meaning of “Westchester,” the value of an MBA, and expert advice for anyone thinking about a private equity career.

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 […]

Lee, Bain Make 2X Money With Warner Music Investment

Warner Music was a very good deal for Thomas H. Lee and Bain Capital.

Today, Access Industries agreed to buy Warner Music in a $3.3 billion deal. Access beat out a bid from Tom and Alec Gores’ Platinum Equity/Gores Group. Access also trumped an offer from Sony which partnered with Guggenheim Partners and investor Ron Perelman. The deal may not be done; the Gores brothers are reportedly considering boosting their offer for Warner.

Reuters: Buyout firms see strong year for IPOs

BERLIN, March 3 (Reuters) – Private equity firms see a strong year for IPOs as institutional investors back growing companies and buyout firms hold on to large stakes in the hope of getting even greater returns. After a rocky start in 2010 as public markets rejected a number of private equity-backed initial public offerings (IPOs), […]

Burlington Coat, Ascend, Pelican Join PE Dividend Parade

The list of PE-backed companies looking to pay large dividends to their shareholders continues to grow.

Burlington Coat Factory, which is backed by Bain Capital, is in the market for a $1 billion loan to pay a dividend to its shareholders. JP Morgan is leading sale of the loan, according to Thomson Reuters Loan Pricing Corp.

Bain acquired the Burlington Coat Factory, which sells coats and women’s sportswear, in 2006 for $2.06 billion.

A Bain spokesman says that a portion of the loan will go to refinance debt.

Ascend Learning, which is owned by Providence Equity, is also trying to raise roughly $400 million—including $390 million in loans and $40 million in revolving credit—to pay a dividend, LPC said. Ascend Learning is made up of Assessment Technologies Institute and Jones & Bartlett Learning.

Prov Equity Begins Discussing New Fund

Aug 4 (Reuters) – Private equity firm Providence Equity Partners has had initial talks with investors about raising a new global private equity fund which could be up to $8 billion in size, a source familiar with the situation said on Wednesday. The private equity firm has mostly invested its last major buyout fund, raised […]

Prov Equity Completes AutoTrader Stake Purchase

Providence Equity Partners has completed its acquisition of a 25% equity stake in online automotive shopping site AutoTrader.com, a subsidiary of Cox Enterprises Inc. No financial terms were disclosed. Cox was advised on the sale by Goldman Sachs.

Providence-Baidu Deal Worth $50m

Baidu, Inc., a Chinese language Internet search provider, confirmed previous reports that Providence Equity Partners will invest in the company. The Providence-based private equity firm will invest $50 million in Baidu’s new online video company to develop an advertising supported online video business. Baidu will continue to maintain majority ownership in the company.

No More Sale: Providence To List Kabel Deutschland

FRANKFURT/NEW YORK (Reuters) – Private equity firm Providence Equity Partners will list German cable television operator Kabel Deutschland on a stock exchange, abandoning its plan of a billion-euro sale to a buy-out firm, three people with knowledge of the matter said. The listing will lead to a higher valuation of the company than an outright […]

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