PE Hub Staff
Random Ramblings Some scattered notes, links and marketing as the summer doldrums head into their second-to-last weekend: (1) A steady refrain from entrepreneurs over the past six months has been that seed-stage and Series A funding rounds have become increasingly difficult to come by. They blame risk-averse VCs who are willing to exchange price (better […]
Friday Feedback Floridians are hunkered down, the U.S. trade deficit just hit a record high and my home office is gorging on humidity. In other words, it’s time for some Friday Feedback. No real theme today, just a random sampling. First up is Monday’s discussion of The Carlyle Group qua Manchurian Global Corp. The majority of […]
17,000 Strong Every time the PE Week Wire adds another thousand subscribers, I like to remind you that this free service is just a tiny morsel compared to the feast enjoyed by paid subscribers to Private Equity Week (or PE Week, if six syllables makes you anxious). Paid subscribers receive the weekly print edition, plus full […]
MMC Capital Inc., a subsidiary of Marsh & McLennan, held a final close on its Trident III fund, finishing with $1.1 billion. The fund will target investments in global insurance, employee benefits and financial services, while the size of those investments will generally be from $25 million to $150 million. Sorrent Inc., a San […]
Get The Wire in your inbox each morning! Just send us an email. Worse Than Enron? The recent string of big buyout deals continues today (see news below), but the most interesting LBO story involves a transaction that may never occur. Last November, Texas Pacific Group agreed to purchase Portland General Electric from […]
Get The Wire in your inbox each morning! Just send us an email. Napster Fallout Could Affect Buyout Firms Many VCs are troubled by Tuesday’s ruling that Universal Music Group can proceed in its Napster-related lawsuit against Hummer Winblad Venture Partners. To them, it is further confirmation that VCs eventually could be held liable for […]
Get The Wire in your inbox each morning! Just send us an email. Hours Spent = Dollars (or Euros) Earned The Organization for Economic Cooperation and Development (www.oecd.org), a Paris-based research group, issued a report earlier this week showing a divergence among industrialized nations in terms of hours worked per capita. This is one […]
Get The Wire in your inbox each morning! Just send us an email. Trial Watch: A “Bizarre” Verdict When I sent out emails yesterday that a verdict had been reached in the Connecticut vs. Forstmann Little & Co. trial, some of you wrote in to ask what I was talking about. In order to […]
Get The Wire in your inbox each morning! Just send us an email. America Online Inc. has agreed to acquire Advertising.com Inc., a Baltimore-based provider of interactive marketing services, for $435 million in cash. Advertising.com currently is in registration for a $100 million IPO, although registration papers are expected to be withdrawn in concert […]
Get The Wire in your inbox each morning! Just send us an email. Bear Stearns Merchant Banking has formed a strategic investment partnership with Milan, Italy-based private equity firm Opera. Under terms of the deal, BSMB will designate up to €200 million for investment alongside Opera in Italian “lifestyle” companies with revenue in excess […]