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Doc Dump: Canadian VC & LBO Data

By Dan Primack — 11 years ago

The CVCA and Thomson Financial have just released Q1 2007 data on venture capital and buyouts investing in Canada. Here you go: Venture capital: CanadianVenture.pdf Buyouts: CanadianBuyouts.pdf Supplemental materials: CanadaCharts.pdf

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The Big Chryslerus Question

By Dan Primack — 11 years ago

I’ve spent an ungodly portion of my day discussing the Chryslerus deal with various reporters — the majority of whom know fairly little about private equity. This is not a knock on them, but just a point of fact. The result has been numerous questions about how many people Cerberus plans to layoff (answer: check […]

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Arrington’s TechCrunch looks for VC

By Larry Aragon — 11 years ago

My colleague Alex Haislip, who is traveling on assignment, heard from a reliable source that Michael Arrington, head of super-popular blog TechCrunch, has been talking to at least one “well known” venture fund about raising some capital. The source also says that the VC isn’t Sequoia Capital or Kleiner Perkins.  Anyone know who it is? We put in […]

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Golden Gate Closes Bridge

By Dan Primack — 11 years ago

Golden Gate Capital has quietly closed on a $614 million annex fund, which will be used to supplement a $1.8 billion Fund II raised in 2004. The San Francisco-based firm told limited partners of the final close during its annual meeting last Wednesday, according to multiple sources in attendance. What Golden Gate didn’t tell limited […]

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Gut Reactions on Chryslerus

By Dan Primack — 11 years ago

This morning’s big news is that Cerberus has agreed to buy Chrysler (or at least most of Chrysler) for approximately $7.4 billion. Of equal import, the deal has gotten the Good Autoworkers seal of approval from the UAW, so any sort of post-agreement battle is highly unlikely. Three very quick observations, which will certainly be […]

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3 Myths and 1 Reality about Early-Stage Investing

By Charles Beeler — 11 years ago

To paraphrase Mark Twain, reports of early-stage investing’s demise are greatly exaggerated. If the market holds true to form, there should be between $2 billion and $3 billion invested in first-round financings during the first half of 2007. But to many, the bloom is off the early-stage rose, with some VCs even going so far as to […]

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WestLB Loses its Head

By Dan Primack — 11 years ago

(Updated after jump) peHUB has learned that David Turner resigned last week as CEO and CIO of the private equity group at WestLB Mellon Asset Management, which manages around $1 billion in private equity assets. The move came as a surprise to Turner’s colleagues, particularly because the group is in the midst of raising its fourth […]

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How LBO Firms Got Under Union’s Skin

By David M. Toll — 11 years ago

“He who has a thousand friends has not a friend to spare, while he who has one enemy shall meet him everywhere,” goes an adage attributed to Ralph Waldo Emerson. I’m not sure if the Service Employees International Union qualifies as a full-blooded enemy of the buyout industry. But the union’s criticism does seem to […]

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Harman & Goldman Sitting in an Oaktree?

By Dan Primack — 11 years ago

Last month, KKR and GS Capital Partners agreed to acquire audio equipment maker Harman International for approximately $8 billion. As a sweetener for skeptical Harman stockholders the buyers offered to let approximately 8.3 million shares be swapped for equity in the private edition of Harman. That works out to around $1 billion, or a 27% […]

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Document Dump: Technorati

By Dan Primack — 11 years ago

peHUB reported yesterday that blog search engine Technorati had expanded its Series C round to $11.52 million, citing a regulatory filing. Some of you have asked for copies of said filing, so here it is: Technorati.pdf The company had held a $7.6 million first close last June, and later expanded the round to $10.52 million. DG Incubation, operator […]

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Trouble Brewing

11 years ago

As a security industry vet and one of a handful of guys who developed the Cisco PIX Firewall (PIX is everywhere – if you are reading this from a computer at work, the text you’re reading most likely just traversed one), I can say with certainty that I am unable to protect myself from this sort […]

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What Insiders Know

By Dan Primack — 11 years ago

Insider trading has become the ugly stepchild of take-private buyouts, as small-market scammers have infiltrated the big kids table. Nobody involved will admit their wrongdoing, of course, but the breadcrumbs can often be found in the options trading market, where unusual activity may well reflect that some deal info was leaked by a sponsor, banker, […]

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Ares Joins Sell-Off Bakeoff

By Dan Primack — 11 years ago

Ares Management could be the next private equity firm to sell a piece of its management company to institutional investors, according to a source familiar with the situation. The Los Angeles-based firm is said to be early in discussions with potential buyers, and has not retained an investment bank. “They seem to really just be […]

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Document Dump: Dow Chemical Lawsuits

By Dan Primack — 11 years ago

Remember when Dow Chemical fired two executives last month for allegedly trying to stoke buyout interest in the company? Well there are now a pair of competing lawsuits about the matter, with one of the fired execs suing Dow, and Dow suing both of its former charges. Here is the digruntled exec’s suit: Dow_Suit.pdf Here […]

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August VCs SSNs Posted

By Alexander Haislip — 11 years ago

August Capital VCs David Marquardt and David Hornik had their home addresses and Social Security numbers posted to Usenet groups as part of a weird tale of revenge coming out of their involvement in Six Apart, Valleywag reports. Other executives at startup, which makes blogging software, had their information compromised as well, including founders Mena and Ben Trott. […]

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Tim Draper & Natlie Portman

By Alexander Haislip — 11 years ago

Tim Draper has done everything. He’s ridden an elephant, dressed up as Captain America, has his own theme song, and now this. Wow. This totally makes up for not getting to meet Uma Thurman on the set of The Naked Brothers Band movie. (Thanks to Valleywag for the link and Steve Jurvetson for the Pic). […]

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Venrock Gets Genuine VC

By Dan Primack — 11 years ago

Last week, I posted the following blind item: Who did Venrock just quietly hire to help build out its digital media practice? Hint: His first name is David, but his last name is not Siminoff. The answer is David Beisel, who is best known to web denizens for his Genuine VC blog. He previously spent several […]

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Signs of Life at Sevin Rosen

By Alexander Haislip — 11 years ago

Sevin Rosen Funds, a venture firm that declared last fall that declared the model for early stage investing was broken, has recently committed capital to three startups in California. The firm, which has operations in California and Texas, re-upped its commitments to security company SolidCore Systems, which in late April raised a $10 million Series […]

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