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Draper Atlantic Loses Its Draper

By Dan Primack — 11 years ago

Last month, I reported that Draper Atlantic Ventures seemed to have lost its Draper. But it seems that was only half the story. Draper Atlantic Ventures has, indeed, renamed itself New Atlantic Ventures – and is in the market with a $200 million fund. Not only does it include the former Draper Atlantic partners (minus […]

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DOJ To Investigate LBO Firms

By Dan Primack — 11 years ago

 At 4:18 yesterday afternoon, I was on CNBC to discuss public-to-private buyouts (based, in part, on the proposed Cablevision deal). Just as I was saying that LBO heavyweights are disingenuous when complaining about inflated valuations, our segment got interrupted. Seems Google had picked that moment to confirm that it will purchase YouTube for $1.65 billion […]

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Is The VC Model Broken?

By Dan Primack — 11 years ago

Sevin Rosen Funds has indefinitely postponed fundraising for its tenth fund, which had been scheduled to hold a first close this week. This is being treated as big news in VC circles – particularly among the battering blogbobs – because SRF is not citing the typical excuses of partnership strife or fundraising difficulties (i.e., Mobius, […]

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Wiping Off The Desktop

By Dan Primack — 11 years ago

Just a few quick notes, before heading outside to rake up the hundreds of apples that my tree has dropped (blessing, meet curse). *** Buyouts Magazine reports that U.S.-based buyout and mezzanine funds raised approximately $140 billion over the first three quarters of 2006, compared to “just” $111 billion raised over the same period last […]

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Aldus Chief Out?

By Dan Primack — 11 years ago

I’m worried that this column is beginning to resemble PE Consultants in Trouble, an unpopular straight-to-video flick from 1983. But since the material keeps coming, I’ll keep reporting it.  Today’s news involves Aldus Equity Partners, a Dallas-based shop founded in 1998. Sources tell me that Aldus’ partners have effectively ousted firm founder Saul Meyer, and […]

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Writing Blank Checks

By Dan Primack — 11 years ago

There have been many critics of the recent boom in SPAC filings, particularly given that the asset class is the historical home of hucksters and con artists. After all, these vehicles literally have the words “blank check” in their S-1 filings. But it finally may be time to reign in the catcalls, since many respected […]

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Don’t Do Other Biz on Trips

By Dan Primack — 11 years ago

The Boston Globe is keeping tabs on an odd story about Richard Garnick, a top Keane Inc. executive who believes he was fired for discussing possible job opportunities with The Carlyle Group. Garnick was viewed as a possible CEO candidate at Keane, but was terminated for allegedly violating Keane’s travel policy and having unauthorized communications. […]

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Keane Staffing Update

11 years ago

Garnick was viewed as a possible CEO candidate at Keane, but was terminated for allegedly violating Keane’s travel policy and having unauthorized communications. At issue – according to Garnick – was the expensing of a one-day trip to Washington DC, in which Garnick both conducted company business and also discussed a possible job with Carlyle, […]

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Changes By The Bay

By Dan Primack — 11 years ago

Most VC firms make partner-level changes before they close a fund, but Bay Partners is going in a different direction. The Cupertino, Calif.-based firm closed its $290 million eleventh fund last fall with five general partners: Neal Dempsey, Atul Kapadia, Chris Noble, Bob Williams and Dino Vendetti. Vendetti left soon after the fund close to […]

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Oregon To Issue RFP

By Dan Primack — 11 years ago

Pacific Corporate Group may soon lose one of its largest advisory clients, just weeks after four top managers left in a dispute over firm economics. The Oregon Investment Council will soon issue an RFP for a new private equity consultant, which is separate from an existing private equity RFT for the smaller Oregon Growth Accounts […]

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Electoral Update

By Dan Primack — 11 years ago

Several months ago, this space endorsed several candidates for federal and state office. The only metric was whether or not the candidate had some connection to the private equity market (my politics were completely left out of it – even though some hard-headed readers insisted otherwise). We’ve only got two of six remaining: Chris Gabrieli […]

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33,000 and Counting…

By Dan Primack — 11 years ago

Every time the PE Week Wire adds another thousand subscribers, I like to remind you that this free service is just a tiny speck in our editorial universe. To traverse the entire cosmos, however, you must become a paid subscriber. So whip out that corporate credit card, and buy a year’s worth of Buyouts Magazine, Private Equity […]

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Monday MouthOff

By Dan Primack — 11 years ago

The sun is shining, the Red Sox season is mercifully over and at least one of the PE Week Wire’s endorsed candidates will win office this November (since he’s officially running against Rep. Mark Foley). In other words it’s time for Monday Mouth-Off.   First up are some emails about the AA Capital situation, in […]

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VC Kool-Aid

11 years ago

I have been a skeptic of venture capital involvement with podcasting companies since day one, even if day one wasn’t all that long ago. I just struggle to see venture-type ROI for most of these deals, unless they can be flipped before Yahoo, Google, etc. put down their tall glasses of content Kool-Aid. This isn’t […]

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Quarterly IPO Wrap-Up

By Dan Primack — 11 years ago

Today represents the end of Q3 2006, which means that it’s time for a quick look back on the quarter’s PE-backed IPO activity. Buyout-backed offerings bested VC-backed offerings in terms of both volume and total raised (see chart below), but LBO-backed companies were not so fortunate in the aftermarket.   The average aftermarket performance for […]

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Quarterly IPO Wrap-Up

By Dan Primack — 11 years ago

Today represents the end of Q3 2006, which means that it’s time for a quick look back on the quarter’s PE-backed IPO activity. Buyout-backed offerings bested VC-backed offerings in terms of both volume and total raised (see chart below), but LBO-backed companies were not so fortunate in the aftermarket.   The average aftermarket performance for […]

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Random Ramblings

By Dan Primack — 11 years ago

Parthenon Capital has received a fund-raising extension from its limited partners, despite having been in market for nearly two years on its $1 billion-targeted Fund III. It also has retained MVision to serve as placement agent.  Parthenon has pretty good returns, so the only explanation here is that LPs are still turned off by Parthenon’s […]

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AA Capital (Continued)

By Dan Primack — 11 years ago

On Friday, I linked you over to the AA Capital Partners website, where suspended managing partner John Orecchio was still listed as an active team member. Hope you saw it early, because the entire site went MIA by early that afternoon. I don’t know if this was done because: (A) AA Capital hopes to avoid any […]

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