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VCs Triple Foreign Investment

By Alexander Haislip — 11 years ago

U.S. venture firms have been steadily upping their exposure to foreign companies, nearly tripling their investment abroad over the last decade, according to research by Darrel Pinto, Thomson Financial’s Director of Global PE Performance. U.S. VCs are investing some 20% of their money into foreign companies, up from less than 7% in 1996, the research […]

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Nothing Shocking

By Dan Primack — 11 years ago

Circuit City is a “potential” leveraged buyout target, according to a new Bear Stearns research report out today. The analysis comes after the electronics retailer posted a surprise Q3 loss, was picked up by Dealbook and has helped send the stock… PLEASE, MAKE IT STOP! I know that both the analyst and the NYT blogger were […]

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Illinois TRS Ditches PCG

By Alexander Haislip — 11 years ago

The Teachers’ Retirement System of the State of Illinois (TRS) has announced plans to issue an RFP for a private equity consultant after Pacific Corporate Group (PCG) parted ways with TRS’s lead consultant. The move comes less than two quarters after TRS hired the consultancy firm. “TRS is clearly disappointed in the recent events at […]

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Katzman: From Kodiak to Commonwealth

By Dan Primack — 11 years ago

Elliot Katzman has joined Commonwealth Capital Ventures as a general partner, just as the firm is nearing a final close for its fourth fund. Katzman is a staple of the Boston-area venture scene, having founded VC-backed MyTeam.com before joining Kodiak Venture Partners as a general partner in 2002. His focus at Kodiak has mostly been […]

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Document Dump

By Dan Primack — 11 years ago

Just some assorted files sitting on my desktop… Law firm Weil Gotshal & Manges issues a monthly private equity report, and the new one discusses: (1) The proposed Fortress Investment Group IPO; (2) What sponsors should be aware of when negotiating “go shop” provisions and; (3) Some recent warning shots fired by Delaware judges at management teams […]

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New York (Finally) Notices London

11 years ago

My partner Wayne and I recently were in Europe and England (that’s the correct way to think about them, too) raising money for Apex VI. We came away with some impressions that may be relevant for the coming year or two. While the growth rate in Europe has been anemic for the past decade, it […]

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Killer Book

By Alastair Goldfisher — 11 years ago

It’s no longer novel to see Silicon Valley as a setting for books and movies. So I wasn’t too surprised when I picked up Killer Code, a murder mystery which takes place around a small, publicly traded company that  makes a network security system. Author John Walker is no stranger to Valley intrigue. He’s worked […]

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VC-Backed IPO Upswing

By Dan Primack — 11 years ago

The 2006 IPO market has already surpassed 2005 in terms of both volume and dollars raised, and the VC-backed IPO market is almost there as well. This isn’t to say that the public exit window is wide open, but you can certainly feel the draft of an upswing that is projected to last well into […]

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Is FSA Following DoJ?

By Amanda Palmer — 11 years ago

When the U.S. Department of Justice began its inquiry into club deals earlier this year, a spokesman for the UK Financial Services Authority told me that it was planning “no investigation into private equity deals in the UK.” Now, less than two months later, officials from the FSA are interviewing people involved in four key takeover bids to try […]

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5 Questions for John Lehman

By Dan Primack — 11 years ago

John Lehman is chairman and a founding partner of J.F. Lehman & Co., a mid-market private equity firm focused on the aerospace, defense and maritime industries. He also is the former Secretary of the U.S. Navy, and recently completed service as a member of the National Commission on Terrorist Attacks Upon the United States (a.k.a. […]

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Are LBO Firms Good For Companies?

By David M. Toll — 11 years ago

Debate continues to rage over whether buyout firms are somehow cheating on their deals. Are they stealing companies from hapless shareholders? Are they colluding on large transactions in a blatant violation of anti-trust laws?  And if not, how else can the enormous profits so many buyout firms generate be explained? All are interesting questions that […]

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Brains, Net Neutrality & More

By Alexander Haislip — 11 years ago

PEHub.com sister publication PE Week is out today with several interesting stories: The Brain Trust Accelerator Fund, a venture capital fund launched by former AOL executive Steve Case to finance startups working to solve brain-related health problems, has had an initial close. PE Week subscribers will find more details on the fund’s focus and management. […]

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More Overseas VC in ‘07

By Alexander Haislip — 11 years ago

The NVCA predicts venture capitalists will be investing more overseas in the coming year. But the group certainly didn’t need to commission a survey to come up with that conclusion. VCs have collected boatloads of cash to send overseas this year and firms that had once decried places such as China as investment black holes […]

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Hicks Clarifies The Record

By Dan Primack — 11 years ago

On Wednesday, I disputed BusinessWeek’s assertion that Blackstone/KKR/Providence/Hicks Holdings had “walked away from a bidding war” over Clear Channel Communications. The BusinessWeek claim originated from an interview with Tom Hicks, so I concluded by writing the following: — I do not know why Hicks said what he said about walking away from the table, but yesterday put […]

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My VC & Your VC, Sitting By The Fire…

By Amanda Palmer — 11 years ago

European VC is setting more than flags on fire, with homerun exits at twice the rate of US managers with half the amount of capital needed. Now that European Venture is back, how will US managers compete? For exits over $100m in market cap, more than one in four of the winners are European. For […]

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VCs Game Shy

By Alexander Haislip — 11 years ago

Venture firms pulled back on gaming investments in 2006 despite lucrative exits early in the year. Investment dollars dropped nearly 38% in 2006 to $137 million, down from the $219 million invested during 2005, according to data from Thomson Financial (publisher of PEHub.com). It seems odd there would be a dip in 2006. Especially after […]

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“Tell them to replace the CEO”

By Lawrence Aragon — 11 years ago

It seems VCs are now competing with one another to see who can come up with the best holiday card. The hands down winner so far is Blueprint Ventures, with its Web greeting card featuring entrepreneur-of-the-year Gary Snoman. Gary’s daydream of becoming a VC will make some laugh and others cringe. His favorite piece of advice: […]

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5 Questions for Larry Schloss

By Dan Primack — 11 years ago

Diamond Castle Holdings today announced that it has closed its inaugural fund with $1.825 billion in capital commitments. The New York-based firm was founded in late 2004 by former CSFB/DLJ Merchant Banking pros, including group head Larry Schloss. Larry now serves as chairman and CEO of Diamond Castle, and this morning answered 5 Questions for peHUB.com: […]

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