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Vornado Tops Blackstone

By Dan Primack — 11 years ago

The largest leveraged buyout in history may have just gotten larger. Vornado Realty Trust just announced that it has offered $52 per share for commercial real estate giant Equity Office Properties Trust, with Starwood Capital and Walton Street Capital also participating. This tops an existing $48 per share bid from The Blackstone Group, and would […]

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Document Dump

By Dan Primack — 11 years ago

Just clearing off the desktop… * A client letter from law firm Debvoise & Plympton on the SEC’s narrowing of who may invest in private equity and hedge funds: DebvoisePlympton.pdf * Year-end 2006 M&A Briefing from The Corum Group, which is focused on the software and IT markets. I’m actually using some info from this […]

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MentorTech Closes Inaugural Fund

By Dan Primack — 11 years ago

Just one day away from heading down to my old hometown – or at least my old college town – of Philly for the Wharton Private Equity Conference. During last year’s event, I met a former Wharton faculty member named Michael Aronson. He was running a business incubator on the U Penn campus, and was […]

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Knowledge Process Outsourcing

By Dan Primack — 11 years ago

Wall Street analysts beware: Your jobs could soon be outsourced. That’s the message coming from Adventity, an India-based company that today will announce $20 million in VC funding led by Norwest Venture Partners. Well, Adventity doesn’t put it quite so ominously, but it’s hard to miss the implications of its sales pitch to corporation, I-banks […]

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Stealth Alert: Toktumi

By Alexander Haislip — 11 years ago

Repeat entrepreneur Peter Sisson has raised $250,000 for a startup called Toktumi, which offers “communications services” according to a regulatory filing. Sisson sold Teleo, a VOIP company he started, to Microsoft in 2005. He is also the former CEO of WineShopper.com and the former Chief Strategy Officer of Wine.com. The startup is based in San […]

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New Sequoia Growth Fund

By Alexander Haislip — 11 years ago

This just in: Sequoia Capital has raised another growth fund. PE Week subscribers can get the full story today. Looks like it isn’t having the same problems that are making it hard for Draper Fisher Jurvetson to close its first growth fund.

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Butt Kicking Investment

By Alexander Haislip — 11 years ago

The International Fight League has raised $32.5 million from 21 investors for the “development of an integrated media and entertainment company involving a mixed martial arts sports league” according to a regulatory filing. No mention of private equity shops involved.

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VantagePoint Stays Dark in Israel

By Dan Primack — 11 years ago

VantagePoint Venture Partners is not closing its Israel office, as reported earlier today by VentureBeat. Why? Because it never opened one. VPVP spokeswoman Christine Hinton says that the firm had been evaluating an Israel office for the past two years, but that it never actually pulled the trigger. A review of VPVP’s cached website since 2003 supports her […]

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Bezos Goes Web 2.0 Wild

By Alexander Haislip — 11 years ago

Amazon.com’s CEO is testing the Web 2.0 waters with a series of internet-related investments.He backed search engine ChaCha’s in its $6 million Series A investment round through Bezos Expiditions this past week. Amazon, through Amazon NV Investment Holdings, invested in Wikia’s $10 million Series B in December, presumably to help the for-profit sister of Wikipedia […]

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Knightsbridge Spawns FoF

By Alexander Haislip — 11 years ago

Four former principal investors of Knightsbridge Advisors, a fund-of-funds focused on U.S. venture capital, have resurfaced to launch a new fund-of-funds, according to a regulatory filing. Managing Principals Judith Elsea, Tim Bliamptis and Brad Hammond and Principal Sandra Wallis are co-founders of Weathergage Venture Capital Management Partners. Each of the investors had worked at least […]

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DFJ Growth fund: DOA?

By Alexander Haislip — 11 years ago

A year is a long time to take raising a fund. But after 12 months of solid year of fund-raising, Draper Fisher Jurvetson’s growth affiliate has finally crossed the halfway point in raising its first fund, closing on $128.6 million in commitments toward its $250 million target, according to a regulatory filing. The growth effort […]

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Q4 Fund-Raising Blues

By Dan Primack — 11 years ago

Venture capital firms raised less fund capital in Q4 2006 than in any other quarter since Q1 2004, according to new data released today by Thomson Financial and the National Venture Capital Association. The results are particularly surprising because fund-raising usually spikes in fourth quarters, as limited partners work to finish off their annual allocations. […]

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Good for Patents, Bad for VCs

By Dan Primack — 11 years ago

I spent the first half of today watching SportsCenter reruns (Troy Brown sure is swell), followed by a bit of research for a VC Investment in Digital Media panel I’m moderating this Friday at the Wharton Private Equity Conference. Among my reference materials was a 2002 BusinessWeek Q&A with Morgenthaler Ventures partner — and Wharton […]

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Keynote Speakers Announced

By Dan Primack — 11 years ago

The 19th Annual Buyouts Symposium East will take place on April 16-18, at the Grand Hyatt in New York City. And today I’m pleased to announce that our first two keynote speakers will be Rudy Giuliani, former NYC Mayor and presumptive presidential candidate, and Dan D’Aniello, co-founder and managing director of The Carlyle Group. Giuliani and […]

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5 Questions for Austin Beutner

By Dan Primack — 11 years ago

I-banking botique Evercore Partners today announced that it has hired Jim Matthews, formerly with Welsh Carson Anderson & Stowe, as its new co-head of private equity. The private equity group currently manages over $1.2 billion, which it invests in both venture capital and buyout transactions. So let’s play 5 Questions with Austin Beutner, Evercore’s co-CEO, […]

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MySpace & YouTube Are Tools, Not Gold

11 years ago

Bambi Francisco wrote several months ago: “Those who dig for gold rather than those who supply the picks and shovels make the most money. That observation holds true if you just take a look at MySpace and YouTube.” Separately, she notes that Steve Case made a similar comment years ago. Few would disagree that the content […]

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Friday FeedBack

By Dan Primack — 11 years ago

The sky is gray, we finally have a nickname for private equity pros and my Sunday will include three hours of the Pats pounding the Chargers, and two more of Jack Bauer pounding the bad guys (plus some misguided good guys). In other words, it’s time for Friday Feedback. Most correspondance this week concerned Monday’s […]

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“Private Equiteers”

By Dan Primack — 11 years ago

Fortune yesterday published its 2007 private equity outlook, and I’m already crowning it Most Influential Private Equity Article of the Year. No, not because of its actual analysis – which mostly comes courtesy of Carlyle’s David Rubenstein and Quadrangle’s Steve Rattner – but rather because it has introduced a clever new term to the financial […]

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