Today's News and Views

Showing all categories

Latest News

How Important is a Diversified LP Base?

By Mark Cecil — 11 years ago

This week at Buyouts we’re writing about placement agents and I’ve begun thinking over the issue of how important it is to get placement agents to diversify LP bases for GPs. The basic premise is that if your LP base is diversified, then when a certain geographic area gets hot (the way Canada, Australia and […]

Continue

I Want My VC TV

By Alexander Haislip — 11 years ago

“I went from basically being penniless to having more money than I knew what to do with,” house-selling Fred Wilson tells WallStrip about the $4.5 billion sale of Geocities to Yahoo in 1999. Fast forward to 2005 and Yahoo’s $30 million buy of del.icio.us and it’s easy to understand why a VC might want to […]

Continue

Lenders Ignore Shakespeare At Their Peril

By David M. Toll — 11 years ago

Neither a borrower nor a lender be, advised Polonius in Hamlet, but that hasn’t stopped banks from doing both—even, of late, in the same transaction.  In the latest edition of Buyouts Magazine, Senior Editor Ari Nathanson reports on a little-noted aspect of the giant Clear Channel LBO agreed to last month. Along with providing debt […]

Continue

Private Equity Council

By Dan Primack — 11 years ago

Bloomberg today reports that buyout firms are forming a lobbying group to fend off increased regulation. Kind of like an LBO version of the National Venture Capital Association. If this sounds kinda familiar, don’t be afraid. You probably just read about it back in July, when I wrote that it was being formed by Carlyle Group, Blackstone […]

Continue

Shameless Self-Promotion

By Dan Primack — 11 years ago

Lots of talk about the new CNBC.com website today, where you can watch streaming video, access archived video, etc. And, if you act now, you can watch me discuss PE interest in casinos and other recreational plays. Or, you could just turn on your TV at around 4:30pm, on Closing Bell…

Continue

“Bigger is Better”

By Dan Primack — 11 years ago

Scott Schoen of Thomas H. Lee Partners gave an interesting keynote speech at the Yale SOM Private Equity Conference last Friday. His general theme was that bigger buyouts are better buyouts, in part because larger deals finance better than do smaller ones. Some quick notes: * Schoen acknowledged that the biggest threat to mega-LBOs would […]

Continue

Banking on a good exit

By Alastair Goldfisher — 11 years ago

Last month’s $330 million deal involving SunPower and PowerLight has put one VC group well on the way to raising a second fund of $200, whcih double its previous effort, according to PE Week reporter Alex Haislip. The Bay Area Equity Fund invested $5 million in PowerLight’s Series C deal last year, and the investment […]

Continue

It’s (Rule) 415 – Do You Know Where Your Children Are?

11 years ago

So “children” is my metaphor for small-cap public companies, and Rule 415 is an SEC regulation that I hadn’t even heard of until two weeks ago. It turns out that the SEC appears to be looking to crack down on some of the more punitive PIPE structures when microcap companies (under $75 million market cap?) […]

Continue

VCs Go Back to School

By Alexander Haislip — 11 years ago

Business plan competitions demand a substantial investment of time and money from venture capitalists. But are they worth it?  Venture Capital Journal weighs in this month. Behind the velvet rope, you’ll get to read the story of how New Enterprise Associates’ Patrick Chung plucked one of the hottest mobile application startups out of Stanford University […]

Continue

Buy Fred Wilson’s House

By Alexander Haislip — 11 years ago

Union Square Ventures’ Fred Wilson put his 15,000 square foot village townhouse on the market with a $37.5 million price tag, according to The New York Observer.   The mansion, built in 1847, once housed the Lady Christians with 30 bedrooms for women and had a library designed by Ernest Flagg populated with books donated […]

Continue

5 Questions with Ken Doctor

By Dan Primack — 11 years ago

I had my say on newspaper buyouts this morning, so now it’s time to play 5 Questions with an expert. Ken Doctor is an affiliate analyst with Outsell Inc., a market research firm focused on the information industry. He leads Outsell’s analysis and research of news publishing, focusing on both legacy print news publishers creating […]

Continue

Asthmatx Got a Better Deal

By Dan Primack — 11 years ago

VC-backed healthcare IPOs have been a disappointing breed this year, with most pricing either below forecast or not pricing at all. Among those in that latter bucket seemed to be Asthmatx Inc., a Silicon Valley maker of catheter-based medical devices to help people breathe easier. It had filed for a $74.25 million IPO in July, […]

Continue

Removing The Gloss

By Dan Primack — 11 years ago

I was on CNBC earlier this morning to discuss possible buyouts of newspaper companies. For the uninitiated, both Tribune Co. and Trinity Mirror are on the block, while various folks have expressed interest in buying the New York Times and/or its Boston Globe subsidiary. My basic point was that these are basically vanity plays – […]

Continue

Spoils of YouTube

By Alexander Haislip — 11 years ago

I called Stuart Peterson the day YouTube sold to Google and asked the manager of Artis Capital Management if he would be buying a new car or a new yacht with his winnings.> He wouldn’t say at the time how much he had made off his hedge fund’s investment in YouTube’s Series B (see the original […]

Continue

Alexa Tries to Compete

By Alexander Haislip — 11 years ago

Internet stat collector Alexa is fighting back its critics today, comparing Sitemeter traffic stats to its own Alexa traffic history numbers on its corporate blog. Author Geoffrey Mack conducts a non-scientific study of two websites with actual traffic stats that look really close to the Alexa approximation. As though that will convince stat freaks of […]

Continue

What is the Objective?

11 years ago

With the private equity world evolving at a rapid pace, it brings to mind one central issue: The debate centering around the proper objective/measure of investment return or GP performance. A recent Business Week coverstory entitled “Gluttons at the Gate” (October 30th Edition) spoke judgmentally about the amount of fees charged by Private Equity funds in […]

Continue

What BitTorrent Has Raised

By Alexander Haislip — 11 years ago

Update: We have independently confirmed that BitTorrent has raised $25 million in new VC funding. Accel Partners led the deal, with Accel partner Ping Li expected to take a board seat. Existing backer DCM-Doll Capital Management also participated. There’s a lot of buzz in the blogosphere about BitTorrent, and the possibility it has raised big bucks from Accel […]

Continue

4th Annual Internship Drive

By Dan Primack — 11 years ago

Both Yale and MIT are holding their annual PE/VC conferences later this week – Yale on Friday, MIT on Saturday – and it’s certain that both will be crawling with MBA candidates in search of future work. To those planning to graduate this spring, I wish you the best of luck. For you first-year folks, […]

Continue

Video: Indonesia is the next hyper-growth market

By Venture Capital Journal — 19 hours ago

By Jeff Harbach, Kauffman Fellows In Indonesia, investors and entrepreneurs can find investments that will no doubt become billion-dollar businesses, and in many ways with lower risk. That’s because models that have been proven out already in other parts of the world are still being put in place in what is the world’s fourth most […]

Continue