FriendFinder Networks Inc., the publisher of adult magazine Penthouse, said it will buy social commerce website JigoCity for up to $65 million in stock and warrants, Reuters reported. JigoCity is owned by BDM Global Ventures. FriendFinder operates a slew of social networking websites, including adultfriendfinder.com and cams.com.
International Automotive Components Group, the auto parts supplier owned by billionaire Wilbur Ross, has delayed its initial public offering until 2012, Reuters reported, citing Bloomberg. Reuters previously reported that the company had hired America Merrill Lynch and JPMorgan to run the process. The IPO could be worth about $1.6 billion, Reuters wrote.
Here’s a topic that none of you in private equity would ever willingly be affiliated with or quoted on, but you can all agree on, privately: Private equity doesn’t create jobs. But, perhaps, the industry should publicly take a stance that they’re out to save the ones that should still exist. It’s a tough thing […]
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President Obama had his say last week on the jobs issue, urging Congress to “pass this jobs plan right away.” Mitt Romney, the Republican contender for Obama’s job, weighed in earlier in the week, touting his role at Bain Capital as a job creator. But what about you, dear readers? Do you think it is […]
Ernst & Young has just released its fifth annual study of how PE investors create value, based on 233 of the largest exits in North America over the last five years. The idea, of course: to better understand the best practices of the industry’s leaders. The study is a little squishy – you won’t find […]
TownHog.com, the San Francisco-based daily deals provider, has been acquired by BuyWithMe, the VC-backed daily deals startup. BuyWithMe has been on a roll in 2011, snapping up five other sites en route to the TownHog transaction. BuyWithMe is backed by VCs Bain Capital Ventures and Matrix Partners.
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So Anderson Cooper did a little takedown of Mitt Romney on his CNN program on Tuesday. The former Massachusetts governor and co-founder of Bain Capital, now running for the Republican presidential nomination, had just rolled out his 160-page job plan, in advance of President Obama's own jobs-promoting speech planned for today before a joint session of Congress. Romney bills himself as a job creator, although he passes off his ...
(Reuters) – DirecTV is expanding its NFL Sunday Ticket television package, which lets viewers watch football outside their local markets, to see if it can make some extra money from broadcasting the games on the Internet. DirecTV, like rival Dish Network Corp, has been trying to boost its subscriber numbers as lower-cost online entertainment options […]
Baird Capital Partners will acquire Utah-based HRI from listed home improvement retailer the Home Depot, in a deal where terms were not disclosed. Financing for the transaction is being provided by BMO Harris Bank N.A., BBVA, and Caltius. BCP is joined in the investment by Thrivent Financial for Lutherans, and DLA Piper served as counsel to BCP. The financial terms of the agreement were not disclosed.