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Musical Chairs at NVCA

By Dan Primack — 11 years ago

The National Venture Capital Association yesterday announced that Ted Schlein of Kleiner Perkins would succeed Bob Grady as chairman for the upcoming year. But, as Alex Haislip reported last year, the job had originally been expected to go to board member Heidi Roizen of Mobius Venture Capital. So, what happened? In short, Mobius decided not […]

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NVCA: Roizen vs. Schlein

By Alexander Haislip — 11 years ago

The National Venture Capital Association has named Ted Schlein of Kleiner Perkins to succeed Carlyle Group’s Bob Grady as chairman. But Grady told me in 2006 that Heidi Roizen, managing director of Mobius Venture Capital, would be the chairperson this year. My colleague Joanna Glasner is on the scene in Washington D.C., and may be able […]

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Come On Down…

By Dan Primack — 11 years ago

Greetings from Day 2 of Buyouts Symposium East, where this afternoon I’ll be moderating a debate between Kevin Conway, managing partner of Clayton Dubilier & Rice, and Andrew Ross Sorkin, chief M&A reporter for The New York Times. The over-arching theme will be “Perceptions of Private Equity” – and the two will discuss everything from […]

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Buyouts Award Winners

By Dan Primack — 11 years ago

The first-ever Buyouts Awards dinner just concluded, and what follows is a list of the winners: Firm of the Year The Carlyle Group Deal of the Year Cerberus — GMAC Mega-Deal of the Year Cerberus — GMAC Large-Market Deal of the Year Bain/Carlyle/TH Lee — Dunkin’ Brands Middle-Market Deal of the Year Wellspring Capital — […]

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NVCA Sets Agenda, Board

By Joanna Glasner — 11 years ago

WASHINGTON– The National Venture Capital Association ushered in a new board at its annual meeting today, and laid out an agenda that calls for reform of securities laws and increased awareness among legislators of the distinction between venture capital and buyout asset classes. The group named Ted Schlein, a partner at Kleiner Perkins Caufield & Byers, […]

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Live-Blogging D’Aniello Speech

By Dan Primack — 11 years ago

Dan D’Aniello, a co-founder of The Carlyle Group, is scheduled to begin speaking in about 15 minutes. Let’s hope for some talk about Carlyle going public, the firm’s China problems and the Private Equity Council that D’Aniello and company helped spearhead… Ummm… so much for liveblogging. Seems my wireless access died off at just about […]

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Self Promotion Alert

By Alastair Goldfisher — 11 years ago

I’m headed to school today. No, this is not a career change. I’m visiting a journalism class at my alma mater, San Jose State, for a career day. I have regularly spoken to classes there or participated in SJSU’s Magazine Day over the last 16 years for my former magazine prof Harvey Gotliffe. One year, I […]

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Centrify Raises EQUITY Round

By Dan Primack — 11 years ago

I was flipping through some regulatory filings last week, and noticed that Centrify Corp. had raised what looked like $15 million in Series C preferred equity funding. But a bit further down, I noticed that the company had listed all $15 million on the “debt” line, instead of on the “equity” line. So what did […]

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Live Blogging Buyouts Con

By Alexander Haislip — 11 years ago

Here’s my unedited notes from the Thomson Buyouts East Symposium. This is the LP panel. David Toll: This morning I’m grateful to have investment officers from four different institutions. [Introductions] James Clarke, Ewing Marion Kauffman Foundation Andrea Kramer, Hamilton Lane Advisors Christopher McDonough, City of Phila, Board of Pensions & Investments Philip Shaw, Invesco Private […]

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Dow Chemical: Exception to the Rule?

By Dan Primack — 11 years ago

Last week, I expressed astonishment that two Dow Chemical executives would solicit buyout offers without the board’s knowledge or authorization. These were rogue employees who hoped their brazenness might result in such a good offer that the board would forgive their misdeeds… Misguided for certain, and unusual within a “don’t rock the boat” company like Dow… Right? Well, […]

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NEA-IndoUS Closing First Fund

By Alexander Haislip — 11 years ago

NEA-IndoUS Ventures expects to hold a final close on an inaugural fund of $175 million in mid-April, firm co-founder Vinod Dham told PE Week. (subscribers can read full story here). The new firm focuses on early stage opportunities in India. New Enterprise Associates is the fund’s primary limited partner and has lent its acronym as […]

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Horangic To Leave Austin Ventures

By Dan Primack — 11 years ago

Basic Horangic is leaving Austin Ventures, after having served as a general partner for the past six years. AV sent the following email this morning to its limited partners and other friends of the firm:  “We wanted to let you know that one of our General Partners, Basil Horangic, has decided to leave Austin to […]

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On The Road Again…

By Dan Primack — 11 years ago

Sorry for the very slow blogging over the past few days, but I’ve been caught in biz trip limbo. Right now that means that I’m taking hand-me-down VW to New York, for Buyouts Symposium East (storm has made more conventional travel difficult). Will be sure to post once I get into the Grand Hyatt, where I’ll be stationed […]

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And The Winner Is… MIT

By Dan Primack — 11 years ago

I just got back from Top of the Hill here in Chapel Hill, where many of the VCIC competitors and judges are still knocking back a variety of adult beverages. Per usual, it’s been my favorite industry event of the year (neither Schwarzman nor Bonderman invite me to their birthday parties). Anyway, a big congratulations to MIT, […]

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Google Snaps Up DoubleClick

By Larry Aragon — 11 years ago

It may be Friday the 13th, but it’s a great day Hellman & Friedman and JMI Equity. Google has agreed to pay $3.1B in cash for DoubleClick. Not sure what the ROI is yet. Just wanted to post the news asap. UPDATE: Looks like they paid $1.1B back in 2005. Here’s the release: Google to […]

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Feeding the Skills Famine

By Alexander Haislip — 11 years ago

James Surowiecki, author of The New Yorker’s “Financial Page,” is one of my favorite business journalists. His style and insight make him always worth reading, no matter what piece of the global economy he tackles. But he missed a big trend in his story this week. He writes in “India’s Skills Famine” that the country’s […]

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In Memoriam: J. Carter Beese Jr.

By Dan Primack — 11 years ago

J. Carter Beese Jr., a venture partner with Boulder Ventures, committed suicide Sunday in his Malibu home, at the age of 50. Funeral services are scheduled for 11am ET tomorrow, at the St. Thomas Episcopal Church in Owings Mills, Maryland. Beese joined Boulder in 2001 with an impressive financial resume. He previously had served as […]

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The Unspoken Risk In Private Equity: Part I

By David M. Toll — 11 years ago

Buyout firms and their investors love to point to the high risk-adjusted returns they generate—and justifiably so. But I suspect that few in the industry take tax risk into account when making their calculations. If they did so, returns wouldn’t look quite so handsome. For years buyout firms and their investors have been rolling the […]

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