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Spinning by the Bay

By Larry Aragon — 11 years ago

Bay Partners appears to be trying to rewrite its history, judging by Matt Marshall’s post over at VentureBeat. The very strong implication is that MP Neal Dempsey pushed out the firm’s non-performers. We’ve been covering the troubles over at Bay for a while. This is less a case of Dempsey proactively “transforming” the firm than […]

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Friday Feedback

By Dan Primack — 11 years ago

The rain is pounding, the public markets are slumping (to be kind) and we’re just two weeks away from our annual March Madness competition. In other words, it’s time for Friday Feedback. First up are some responses to Tuesday’s column, which discussed the copyright infringement lawsuit filed by Sequoia Capital against ComVentures. Fred writes: “Methinks […]

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Clear Channel Makes Its Case

By Dan Primack — 11 years ago

Clear Channel Communications owns an enormous number of radio stations and billboards, but apparently believes that U.S. Postal is the best way to amplify its pro-buyout message. The company today is sending out a letter urging shareholders to vote in favor of a $19 billion offer from Bain Capital and Thomas H. Lee Partners, despite some […]

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Vietnam = China — 7 Years

By Alexander Haislip — 11 years ago

Don Lam, the managing director of private equity firm VinaCapital, weighed in on various segments of the Vietnamese market on Bloomberg Television Wednesday. The take away: “If you missed the chance to invest in China seven to eight years ago, Vietnam would be the right place since it is seven to eight years behind China […]

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5 Questions with Microbia’s Peter Hecht

By Dan Primack — 11 years ago

Microbia Inc. today announced that it has raised $50 million in Series F funding, which will help its three lead compounds move through Phase II trials. Yes, two of those three drugs focus on [insert scatologic reference here] – specifically, chronic constipation and irritable bowel syndrome – but the third is aimed at high cholesterol, so […]

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Stealth Alert: iMooch

By Alexander Haislip — 11 years ago

iMooch, a web2.0 startup in New York, raised $250,000 from its founder’s friends and family to build a social network for people to make money from various forms of user-generated content, PEHub.com has learned. The startup is run by Nalin Patel, an MIT graduate who was the vice president of technology at the Hollywood Stock […]

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Venrock Nears Fund V Close

By Dan Primack — 11 years ago

Venrock Associates today announced that it has added Silicon Valley consultant and author Rich Moran as a new partner, with a focus on digital media and software. But Venrock is not done with March press releases. Expect the bi-coastal venture firm to soon announce the final closing of its fifth fund at or around $550 […]

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Prowling Emerging Markets

By Larry Aragon — 11 years ago

The world is flat indeed. PE funds targeting “emerging markets” surged last year, according to a new report by the Emerging Markets Private Equity Association. EMPEA says 162 PE funds focused on Asia, Eastern Europe, Latin America, the Middle East and Africa raised a little over $33B last year, up from about $26B raised by […]

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LPs On Hook For Giant Break-Up Fees

By David M. Toll — 11 years ago

The TXU energy deal looks destined to become the biggest buyout ever. But the deal already may have set a record for the largest reverse break-up fee ever agreed to—an eye-popping $1 billion.  In just the last two years, reverse break-up fees have become a common feature of going-privates and other large LBO transactions, a […]

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In Memoriam: Todd Brooks

By Dan Primack — 11 years ago

Update: A memorial service for Todd will be held at 10:00 am. on Wednesday, February 28th, at St. Matthew’s Episcopal Church in San Mateo.  Venture capitalist Todd Brooks has died from an apparent suicide attempt. He was 46 years old, and leaves behind wife Marilee and three young children. An online forum has been set […]

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LBO Boom = Tech Bubble?

By Dan Primack — 11 years ago

Carlyle Group co-founder David Rubenstein said today at the Super Returns conference in Frankfurt that he does not expect a buyouts market crash, but also that the mega-market “can’t continue like this forever.” Below is his PowerPoint presentation from the event.

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New Mexico Revisited

By Alexander Haislip — 11 years ago

I talked with Paul Ahlstrom of vSpring Capital yesterday. His firm has offices in Los Alamos and Albuquerque, so I asked him about the New Mexico VC scene. “With over $4 billion a year in R&D investment going into this region, you can’t ignore New Mexico,” he says. “I thought, ‘how could you pour several […]

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Vote on Buyouts Deals of the Year

By Dan Primack — 11 years ago

The Buyouts Deal of the Year Awards are usually decided by a bunch of us editorial types locked into a tiny room for several hours — deprived of oxygen and, consequently, common sense. But that time has passed, as we’re opening the voting up to the masses (i.e., you)! Go here to vote on Mega Deal of the […]

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Mistral Spins Out of Trimaran

By Dan Primack — 11 years ago

Last month, I reported that middle-market buyout firm Trimaran Capital Partners had canceled fundraising and suffered the departures of four professionals to Columbus Nova. Two days later, this ran in a Friday Feedback column: Justin on Trimaran: “One of your competitors reported that Trimaran will be back in the fundraising market later this year. Who’s […]

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Stock Slide Slaps IPOs

By Alexander Haislip — 11 years ago

Recent venture-backed IPOs took a hit during Tuesday’s stock market slide, but at least five of the eight companies to go public in February managed to hold onto most of their post-IPO pop. Above Water: *Accuray (Nasdaq: ARAY) traded down $0.89 to $25.76 per share, well above its $18 offering price. *Mellanox Technologies (Nasdaq: MLNX) […]

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Unimpressive New Mexico

By Alexander Haislip — 11 years ago

I’ve always been impressed with the technical talent New Mexico boasts with its national labs and the high number of PhDs per capita. The Business Journal wrote a story last month about VC funds targeting the region. It points out the following: * Psilos Group, which has more than $275 million under management, is raising […]

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CRV Nears New Fund Close

By Dan Primack — 11 years ago

Charles River Ventures recently held a $186 million first close on its 13th fund, with a final close on just over $275 million scheduled for early March. And it’s a good thing too, because it would have run out of money otherwise. CRV raised $250 million for its 12th fund in December 2003, but didn’t […]

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Deja Vu: Quid Pro Quo?

By Dan Primack — 11 years ago

A number of you have been wondering about the timing of last week’s Pacific Corporate Group announcements. First came a press release detailing how the firm had split itself into two separate legal entities, along with glowing praise from CalPERS executives. Next came a press release about how CalPERS had awarded PCG two $400 million […]

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