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Bay Partners Bets on Facebook Ecosystem

By Alexander Haislip — 11 years ago

Bay Partners created an accelerated approval program for making small investments in new media companies trying to use Facebook to launch in a bid to reinvigorate the troubled firm. The program, which Bay Partners calls AppFactory, aims to invest between $25,000 and $250,000 in “tens” of startups that take advantage of Facebook’s application programming interfaces […]

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Risk Of Appraisal Rights Arbitrage Grows

By David M. Toll — 11 years ago

A recent court case may encourage hedge funds to try to hold out for a bigger payday when they own shares in a company being acquired in a leveraged buyout. And that could force LBO shops to pay more for companies than they bargained for.  Here’s the strategy in a nutshell: Let’s say you’re a […]

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Carried Interest Gets A Hearing

By Jeremy Harrell — 11 years ago

Following a month of chatter, Congress this week finally begins debating the tax treatment of carried interest. On Wednesday, the Senate Finance Committee is holding a hearing. These hearings typically precede the adoption or rejection of legislation. Quick recap: Lawmakers have suggested taxing carried interest as ordinary income (a 35% rate) rather than as long-term […]

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Mobius Finally Clobbers One with Postini

By Larry Aragon — 11 years ago

Google is paying $625 million for Postini, producing a monster exit for the company’s venture backers, who put about $26 million into the email security company over five rounds. It is a particularly welcome exit for Mobius, which up to now has had too few hits to get LPs excited enough to back another fund. Is […]

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Weathergage Closes $250M FoF

By Alexander Haislip — 11 years ago

UPDATE:  Sandra Wallis is a Managing Principal of Weathergage. Four former principal investors of Knightsbridge Advisors, a fund-of-funds focused on U.S. venture capital, closed their first new fund-of-funds and blew past their target after six months of fund-raising. Managing Principals Judith Elsea, Tim Bliamptis, Brad Hammond and Sandra Wallis, co-founders of Weathergage Venture Capital Management […]

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What’s Up With MedImmune?

By Alastair Goldfisher — 11 years ago

I had an editor who liked to tell me all the time, “Don’t try to re-invent the wheel” every time I was working on a story. In corporate speak, it’s like saying, “Keep It Simple Stupid.” So with that wisdom in hand, I thought I’d channel Dan Primack and clear off my desk and see […]

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Will Blackstone’s Hilton Deal Put Others in Play?

By Adrian — 11 years ago

Now this is a transaction that was bound to happen months ago. Although the valuation is certinly on the upper part of the scale, given consolidation and specialization of leading and medium sized hotel conglomerates, this question (topic of this message) posted by WSJ is certainly one worth taking a look at. Given the equity […]

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PE Targets in the Retail and Luxury Goods Industries

By Adrian — 11 years ago

By looking at a list of ttm acquisitions in the Retail and Luxury Goods Industries, I am still surprised that no big names have still been targeted by buyout firms, especially big fashion houses in Europe. Although transactions like the ones involving Cerutti 1881 Milano SpA, Dufry AG, Histoire d’Or, Garrard & Co. MQ Sweden AB, Jil […]

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Drivel and Debt

By Amanda Palmer — 11 years ago

That illustrious organ The Economist has a cracking cover this week with a man reading his blackberry at the pinnacle of a mountain totally unaware that he is about to step off into the abyss and the tagline reads: ‘The trouble with private equity’. The story behind the headline is a disappointing rehash of the […]

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Second-Half Outlook Optimism

By Dan Primack — 11 years ago

It seems I’m failing at this whole “vacation” thing. I’m set to appear on CNBC’s Squawk Box program at 8:10 this morning, to discuss the second-half private equity outlook. In short, I’m optimistic that the heady dealflow pace will continue. The industry is being faced with a number of challenges — tax law scrutiny, bond […]

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ShoreTel VCs to See Nice ROI

By Joanna Glasner — 11 years ago

This week, just one venture-backed offering, IP telephony provider ShoreTel, made it to market. But it was a big one. The Sunnyvale, Calif. company priced its 7.9 million share offering at $9.50 a share, the midpoint of the its anticipated range. Shares surged 28% to close at $12.15 in first-day trading Tuesday. The stock was […]

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Brown lures private equity’s big fish

By Amanda Palmer — 11 years ago

The Labour party may have a new Prime Minister in the brainiac Gordon Brown but do they have the money to fight an election campaign? Labour’s coffers are at cripplingly low levels as a consequence of Lord Levy’s cash for peerages debacle. So Brown will need to move quickly to appoint a fundraising member of […]

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iPhone: The spark that lit the fire that burned the forest?

11 years ago

As I wrote earlier here (https://www.pehub.com/?p=303), WiFi gadgets that can provide Internet, video, and voice with no carrier subscription are coming. To date no such devices have been widely popular or deployed. They have a decent chance of changing Cingular’s and Verizon’s business, forever.  I for one was surprised to realize that the iPhone is […]

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What is Wrong with European Venture Capital?

By Tom Allchorne — 11 years ago

Highland Capital Partners, the US VC behind such companies as Ask Jeeves and Lycos, is opening up an office in Europe, but not in London as is the norm, but in Geneva.This isn’t a sign that non-UK firms are shunning London– according to a piece in the FT, Geneva was chosen because it’s a more […]

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Rock up to the Kasbah for deals

By Amanda Palmer — 11 years ago

As the UK has been suffering under the annual deluge of rain which accompanies the Wimbledon tennis tournament, I slipped away for a sunny weekend in Marrakech. While Dan is spending his time battling faux rabid lobsters, I was battling very real snake charmers armed with Cobras which were wrapped around the necks of unsuspecting […]

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Holiday Happenings

By Dan Primack — 11 years ago

Greetings from Kennebunkport, where I spent an entire day avoiding my laptop like it was a rabid lobster (I know they don’t exist, but you’d avoid them if they did). Anyway, two major developments today — and I’d be remiss if peHUB ignored them until after the 4th: KKR has filed for a $1.25 billion IPO, […]

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Doll Blames PE Industry for Increased Tax Scrutiny

By Alastair Goldfisher — 11 years ago

Dixon Doll, co-founder of DCM and the next in line to serve as chairman of the National Venture Capital Association, is not pulling any punches when it comes to his buyout industry peers.At an East Coast conference last week, Doll said that the NVCA is working nonstop to block changes in the tax code that […]

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It seems no one wants a New Look

By Amanda Palmer — 11 years ago

In this age of disposable fashion, the UK has three major shops that keep those on a limited budget on trend: H&M, Primark and New Look. Despite a huge increase in column inches in the fashion press it seems no one wants to meet the £2bn price tag that Apax and Permira have put on […]

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