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Danes Take American Planes

By Amanda Palmer — 11 years ago

The Copenhagen-based, Icelandic investment house FL Group now owns 5.98% of the share capital of AMR Corporation, the parent company of American, American Eagle and The AmericanConnection airlines. The group has been building its stake for a considerable period and its total investment now exceeds US$400m, making it the third largest investor in the airline. […]

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Voyager drops Audino from filings

By Alexander Haislip — 11 years ago

Voyager Capital Management has closed on $93 million toward its third fund, according to recent regulatory documents. That’s just $5 million more than it had closed in May. Voyager’s fund-raising has slowed since the Seattle Post Intelligencer reported that firm founder Tony Audino resigned in July. Audino was still listed as “A Manager of the […]

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Lawsuits, Lawsuits, Lawsuits

By Alexander Haislip — 11 years ago

There’s nothing like a lawsuit for airing dirty laundry. Here are some of our favorites from 2006: Rapt executives sued Accel and Levensohn over the loss of equity. Founders claimed they were smashed down out of their equity stake by the VCs that backed their company. After we covered the story, the VC firms settled […]

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Troubled Funds

By Alexander Haislip — 11 years ago

We wrote about a handful of funds in trouble this year. We’ve made a handful of the stories from PE Week and VCJ free for you. We broke the news on how Star Ventures lost four of its general partners, how Harvard was looking to terminate ITU Ventures III and how Invesco tried to retain […]

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Going South

By Dan Primack — 11 years ago

I’ll be off for the next week, visiting the in-laws in Costa Rica (yes, life is hard). Alex Haislip will hold down the fort in my absence, after which I’ll return tanned, rested and ready to blog. Thanks to everyone who has checked out peHUB over its first six weeks of life, and I look forward […]

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Document Dump

By Dan Primack — 11 years ago

Just clearing off the desktop… * Download audio files of my keynote interview of John Connors, a partner with Ignition Partners and the former CFO of Microsoft, from the VentureNorthwest event in Portland, Oregon: https://www.oef.org/blog/?p=87 * Quarterly Review from the Emerging Markets Private Equity Association: EMPEA.pdf * Private equity consultant RFP for Illinois TRS: IllinoisTRS.doc […]

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Big Dog Takes VC Bite

By Dan Primack — 11 years ago

Earlier today, I was interrupted from my daily Madden ‘06 break by word that a Silicon Valley gaming publisher had received its first round of institutional funding. Since the company is run by Madden architect Scott Orr, it seemed appropriate that I put down my controller. Now I know what some of you are thinking: […]

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Far-REACHing Chemical Regulations

11 years ago

As corny as my wordplay is, the meaning is real. After a lengthy and difficult period of negotiations, the European Commission and Council reached agreement about the final wording of the REACH (“Registration, Evaluation, and Authorization of Chemicals”) regulation. This draft was accepted by the European Parliament last Wednesday, and the regulation will be effective June 1, 2007.  […]

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(Still) Nothing Shocking

By Dan Primack — 11 years ago

Hilton Hotels may draw buyout bids in the New Year, according to Merrill Lynch analyst David Anders… Forgive my redundance, but PLEASE MAKE IT STOP.

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5 Questions for Mark Brooks

By Dan Primack — 11 years ago

BA Venture Partners and Richland Ventures are selling their stakes in U.S. HealthWorks, an operator of outpatient occupational health and urgent care centers, to AIG Altaris Health Partners and Dynamic Healthcare Solutions. What makes the deal a bit unusual, however, is that fellow VC shareholders Three Arch Partners and Salix Ventures are sticking around. So […]

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Swift Suit for HM Capital

By Dan Primack — 11 years ago

Remember that giant raid on illegal immigrants last week? Well it has indirectly swept up HM Capital, the Dallas-based private equity firm formerly known as Hicks, Muse, Tate & Furst (only Muse remains). For the uninitiated, federal immigration agents conducted a six-state, simultaneous raid on Swift & Co. meat and pork processing and packaging plants. […]

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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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